August 02, 2002

Navigator Technology Ventures (NTV) announced today the closing of a Series B investment in Actuality Systems. Also participating in the round were a group of private investors.
NTV, an affiliate of Draper Laboratory of Cambridge, MA and led by Alain Hanover and Rana K. Gupta, is an early-stage, technology venture capital firm that seeks to fund technology rich start-ups. With the assistance of Draper Laboratory, NTV invests in unique, highly proprietary technologies. NTV’s other portfolio companies are Sionex Corp. and Polychromix, Inc.
Actuality Systems, Inc. is a pioneer in the development of spatial 3D visualization technology. Led by CEO, Cameron Lewis, the firm intends to solve the current 3D visualization problems facing multiple industries by providing full color, 360 degree, spatial imaging. Thus, eliminating the need for special goggles and rendering significantly more data than 3D presented on flat 2D screens. Gregg Favalora, CTO of Actuality Systems and co-founder of the company, is a leading authority in 3D display technology.

Actuality Systems has begun production of its unique Perspecta spatial 3D platform. The platform consists of the Perspecta spatial display, which projects 3D imagery inside a 20-in transparent dome, and the Perspecta operating environment software. Actuality Systems’ first applications will be in biotechnology, drug discovery, and proteomics. Other applications the company will pursue are in medical imaging and security.

”We’re excited about the Actuality platform because it has the potential to revolutionize the way 3-D information is viewed and manipulated. This is the first true spatial 3-D display that doesn’t require special goggles or lenses so that a full image can be rendered in 3-D in full color and viewed from any angle by multiple people at once” said Alain Hanover, CEO of NTV. “Perspecta can revolutionize industries. Imagine a biochemist ‘seeing’ the entire quantum affect of a small molecule on a protein or a Orthopedist seeing the entire joint simultaneously or the airport security officer seeing the entire piece of luggage width and depth, top and bottom that’s the difference using Perspecta” added Mr. Hanover.

The Perspecta spatial 3D platform (available for LINUX or NT) is priced from US$40,000 per station including the Perspecta OS and Perspecta display. The Perspecta SDK is available free online. More information is available at www.actuality-systems.com.

Media Contact Info:
Rana Gupta 617 494 0111