Wednesday, July 08, 2009
310 Holdings Inc. Celebrates Completion of Newest Generation of Tape Reading Technology
NIAGARA FALLS, Ontario, July 8, 2009 (GLOBE NEWSWIRE) -- Staff
at 310 Holdings Inc. (OTCBB:
TRTN) celebrated the completion of the Company's latest
generation of its proprietary, highly effective magnetic media
reading technology last night.
John Bordynuik, 310 Holdings Inc. President and CEO said, "We
are very excited about the success of our latest tape reading
technology, which includes our own custom designed amplifiers, bit
detection, de-skewing algorithms, and tape drive control, and use
of the latest thin-film head technology. This technology instantly
scales from the oldest tape drives to current models, so we can
quickly retrofit the latest LTO and DLT drives to recover and
migrate data exceptionally quickly and accurately for our
clients."
This celebration comes after 310 Holdings Inc. President and CEO
John Bordynuik and his staff of engineers had been working around
the clock for the last several weeks to complete this project. This
technology replaces our previous generation; it completely
eliminates the need for us to do all post reading processing of the
data. As a result, the raw data is now immediately usable by our
Swahili data migration engine and many virtual emulators.
This technology scales from one head to hundreds of heads by
increasing the number of parallel bit-detection processors in
hardware. It is presently scalable in Altera's high-end Stratix-II,
III, and IV "Cray-on-a-chip" FPGAs.
"Our new bit detection technology significantly exceeds the data
recovery rate of current enhanced PRML technologies. Our technology
can be applied to hard drives, and we plan to explore
implementation in that market," said Mr. Bordynuik. "I would like
to emphasize that this bit technology is so effective that we do
not require and do not use post error-correcting algorithms or
routines. We are using this technology in place of original
equipment hardware which is unable to accurately detect bits after
the media have been shelved for a few years."
This bit detection technology can accurately detect weak bits
down to 10 per cent of the signal's original amplitude.
This replaces our original technology which required some post
reading.
310 Holdings Inc. will file a patent application to protect this
technology.
About 310 Holdings, Inc.
John Bordynuik purchased 63% of the issued and outstanding
shares of 310 Holdings on April 23, 2009. Subsequently, John
Bordynuik was appointed President and CEO of the Company.
On June 25, 2009, 310 Holdings Inc. announced a definitive
agreement to acquire certain assets of John Bordynuik Inc.,
including all of its intellectual property, its custom tape
processing hardware, its Swahili data migration system, fixed
assets, and its current customer base subject to certain closing
conditions and adjustments. Provided all conditions to closing are
met, 310 Holdings Inc. anticipates closing this Asset Purchase
Agreement on or about July 15, 2009.
For more information, please see http://www.310holdings.com and http://www.johnbordynuik.com.
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act. The Private
Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases
brought under the federal securities laws, including changes
related to pleading, discovery, liability, class representation and
awards fees and of 1995. Those statements include statements
regarding the intent, belief or current expectations of 310
Holdings Inc., and members of its management as well as the
assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
CONTACT: 310 Holdings Inc.
John Bordynuik, President and CEO
john@310holdings.com
Katie Matkowski - Investor Relations
+1 (289) 296-5538
Katie@310holdings.com