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ots Ad hoc-Service: NorCom Info. Techn. <DE0005250302> NorCom entering the 4th quarter with a roughly 180% increase in revenues

Munich (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Stake taken in Norwegian company
NorCom Information Technology AG's preliminary figures for the
first nine months of 2000 provide further testimony of the Company's
dynamic rate of expansion. The leading e-security and e-business
company reported revenues of over eur 24 million in the first nine
months of 2000, up more than 180% over the same period one year
earlier. With earnings coming to approximately EUR 150,000 , the
Company remained in the black in the first nine months.
New key technology for e-business
By agreeing to acquire a 17.9% share in Norwegian start-up CognIT,
NorCom is adding innovative and highly intelligent software to its e-
business portfolio. Following many years of research in conjunction
with leading universities, CognIT has developed a third-generation
search engine poised to play a hey role in electronic portals and
marketplaces of the future. The new search engine performs linguistic
analyses, evaluates the mass of information on portals and
marketplaces and produces brief summaries of the content of web
pages. The integrated database stores information which has already
been screened. In this way, search updates can be performed on the
web with a minimum of delay, with complex queries sped up. Users can
enter natural-language queries without any need to follow strict
syntactical rules. Context-based data entry and integrated automatic
evaluation procedures ensure the extremely high quality of the search
results as well as high-speed performance. Thus, NorCom has gained
access to a key technology which will add a basic product to the
high-growth E-Business Solutions division.
"By investing in CognIT, we are implementing a further element of
our e-business strategy. The mounting volumes of information on the
Internet call for intelligent search technologies, which we think
face a very bright future. We will therefore be integrating this
innovative company's agent technology in our e-business solutions as
a basis for developing new sector-oriented applications," explained,
Viggo Nordbakk, CEO of NorCom Technology AG.
You can download this text straight from NorCom's Web site at:
http://www.norcom.de
For further information please contact: NorCom Information
Technology AG Investor relations Stefan-George-Ring 6 D-81929 München
Fon +49-89-939 48 140 / 150 Fax +49-89-939 48 123  aktie@norcom.de
http://www.norcom.de
End
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Original-Content von: NorCom Information Technology AG, übermittelt durch news aktuell

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