ATLANTA, GA--(Marketwire - 06/08/11) - Searchlight Solutions (Pinksheets:SLLN - News) management is confident and optimistic about the future of the cloud computing industry and believes there is a tremendous opportunity ahead for its Searchlight Scientific HPC cloud computing business. Specifically, the Company provides the following industry news as sources for its optimism:
Company management believes that the cloud computing industry took a major step forward with the recent announcement by Apple of its cloud service. See the following article by PC Mag: "Apple iCloud Solidifies the Cloud": http://www.pcmag.com/article2/0,2817,2386494,00.asp
Per recent findings of the technology research firm Gartner Inc., the global cloud service market is expected to grow substantially with revenue expected to reach $148.8 billion by 2014.
Furthermore, the Company is proud to state to its shareholders that it feels the following recent accomplishments have laid a solid foundation to build its HPC cloud business on:
Completed acquisition of high-performance computing ("HPC") company, Linux Labs International Inc.
Linux Labs International Inc. is a seven-year-old company that designs and builds high-performance supercomputers utilizing their proprietary Nimbus OS™. Linux Labs is a revenue generating company that is launching a new cloud based solution for the HPC marketplace. This will form the foundation for Searchlight's cloud computing business.
Completed development for the prototype of their cloud based secure storage solution which is a component of the Linux Labs Indigo file system.
Upon completion this development will give Linux Labs competitive advantages in the Cloud Storage arena because the efficiency of data handling is substantially increased when login data is handled in this manner.
Recently signed strategic alliance agreement with Relify Security, LLC.
This alliance is for Searchlight Scientific and Relify Security to co-develop a next generation file system architecture for securing customer data in Cloud environments.
Searchlight Solutions Ltd. is a technology venture holding company that provides business development and high level management services for early stage technology companies who are pursuing the benefits of the public marketplace.
Searchlight Scientific is a next generation data services company focusing on developing and growing cloud based solutions to solve tomorrow's computing challenges. www.searchlightscientific.com
Linux Labs International Inc. is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing. Linux Labs designs and builds high-performance supercomputers utilizing their proprietary NimbusOS™.
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~ Press Release Source: Searchlight Solutions On Wednesday June 8, 2011, 3:10 pm EDT 
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