Brentwood / Tennessee / United States
Brentwood TN, January 6, 2010 - The U.S. Patent & Trademark Office recently awarded VEXTEC Corporation its third patent protecting the intellectual property upon which the companys Virtual Life Technology is built. Patent No. 7, 480, 601, the third in a series of patents the company has applied for, furthers VEXTECs ownership stake of probabilistic, microstructure material forecasting technology. VLM predicts the in-service reliability of manufactured fleets of parts and will soon be launched through the companys new Virtual Twin licensed simulator product offering.Dr. Robert Tryon, VEXTEC CTO and Co-founder, whose name is on the patent, said, "Obviously, we are very pleased to have the innovative nature of our technology validated in this way, and we look forward to the disposition of the other patent filings. But the people who are really poised to benefit are our partners with whom weve formed initial strategic engagements. Theyre the ones who will enjoy the competitive advantages were creating in time to market, durability prediction and life cycle cost savings."About VEXTECVEXTEC can accurately predict the performance, durability, failure and true lifetime cost of a single component or an entire fleet even before theyre ever built. Founded in 2000, VEXTEC has pioneered and patented innovations in computational material science and probability theory to form the foundation of its Virtual Life Management ( VLM ) simulation technology. Companies in such diverse industries as insurance, aerospace, heavy equipment, automotive, electronics, energy and medical implants can all benefit from VEXTECs unique ability to predict product life cycles and failure, and most importantly, their financial consequences. To learn more, please visit www.vextec.com.
