Progeniq Opens Office in California, USA

PRLog (Press Release) – Jun 24, 2008 – Singapore and Redwood City, CA — Progeniq Pte Ltd, a leader in reconfigurable computing applications headquartered in Singapore, today announced the opening of its first overseas office location in Redwood City, California.

“Progeniq has been on a rapid expansion ramp-up over the past months,” said Darran Nathan, Progeniq’s Chief Executive Officer. “Establishing our US operations as the first of our overseas offices reflects our strong commitment to provide our global clients and partners with timely support in an efficient manner.”

Progeniq’s products accelerate bioinformatics applications for the Life Sciences industry and 3D CGI / Visual Effects rendering for the Animations industry. The BioBoostTM and RenderBoostTM product lines run accelerated applications on Field Programmable Gate Array (FPGA) processors, offering over 100x better performance per unit space, and over 1000x better performance per watt, over ordinary CPUs.

“Progeniq's accelerated applications help businesses unlock their revenue earlier, by drastically shortening their computational time requirements from days to hours and minutes,” added Nathan. “We've had very good traction in the market over the past years, and are actively continuing to hire top minds to further grow the company and maintain our leading position in the accelerated applications space.”

For additional information visit Progeniq’s website at http://www.progeniq.com

CONTACT INFORMATION
Progeniq Pte Ltd

USA
3, Twin Dolphin Drive, Suite 150
Redwood City, CA 94065

Singapore
277 Bukit Batok East Ave 3 #02-371
Singapore 650277

Tel: (65) 6899 2396   Fax: (65) 6899 2396
KUMAR Senthil senthil@progeniq.com
CHUA Teck Hiong teckhiong@progeniq.com