Paradigm Expands Its Product Portfolio to Include Linux-Based Solutions

Seismic Data Processing and Imaging Solutions Running on Linux Clusters

Offer Unprecedented Price-Performance

Aug 22, 2002, 01:00 ET from Paradigm

    HOUSTON, Aug. 22 /PRNewswire/ -- As part of the company's ongoing
 commitment to keep its customers at the leading edge of technology, Paradigm,
 the premier provider of advanced petroleum geoscience and drilling engineering
 technology, announced on August 19 the release of its industry-leading seismic
 data processing and imaging solutions on Linux workstations and clusters.
 Constructed from standard, off-the-shelf hardware, the Linux platform offers
 significantly lower cost of ownership at higher performance than mainstream
 platforms.  This provides unprecedented benefits to customers and makes an
 investment in these systems extremely worthwhile.
     Paradigm's scalable, platform-independent products are well suited for the
 move to Linux, and their cost-effectiveness on the Linux platform has been
 proven during extensive use by Paradigm's Services Group.  In keeping with the
 company's policy of maximizing the user's operational flexibility, workflows
 can be run in a hybrid environment, with data shared between Unix and Linux
     "Paradigm is committed to reducing the total cost of ownership for our
 solutions.  The Linux operating system, which provides UNIX capabilities on a
 PC, offers a wonderful opportunity to deliver on that commitment," said
 Eldad Weiss, CEO of Paradigm.  "Linux has become a mature platform which is
 particularly suited to compute-intensive applications.  There is no doubt that
 the industry is heading towards mass adoption of this platform, and we're
 proud to be at the forefront of this movement."
     Paradigm's Linux-based seismic data processing and imaging products
 include the GeoDepth velocity model building and depth imaging system, the
 Focus seismic processing system, and Probe for AVO inversion, analysis and
 modeling.  The company's industry-leading migration technology is now being
 offered in a distributed computing environment (Linux clusters).  Additional
 products available on Linux are the Vanguard reservoir property propagation
 system and Explorer for time to depth conversion.  The company's
 Visualization, Interpretation and Earth Modeling products on LINUX will be
 demonstrated at the SEG2002 International Exposition and 72nd Annual Meeting
 in Salt Lake City on 6 -11 October, and commercially released soon afterwards.
     About Paradigm
     Paradigm Geophysical provides information solutions to the leaders of the
 oil and gas industry worldwide.  Its advanced set of Software Solutions and
 Geophysical and Reservoir Study Services covers the entire range from data
 processing and imaging; through advanced visualization, interpretation, and
 earth modeling; to reservoir characterization and petrophysics; up to well
 design and drilling operations.  The company has a global network of sales,
 service and user support with 21 offices in 18 countries, serving all major
 oil- and gas-producing provinces in the world.
     Paradigm Geophysical(R) and GeoDepth(R) are registered trademarks, and the
 Paradigm logo, Focus, Probe, Vanguard, and Explorer are trademarks of Paradigm
 Geophysical Ltd.  Linux(R) is a registered trademark of Linus Torvalds.
     Recent press announcements are available on Paradigm's web site:
     Certain statements contained in this media update are forward-looking in
 nature.  These statements can be identified by the use of forward-looking
 terminology such as "`believes," "expects," "may," "will," "could", "should,"
 or "anticipates" or the negative thereof or comparable terminology, or by
 discussions of strategy.  The company's business and operations are subject to
 a variety of risks, uncertainties and other factors.  Consequently, actual
 results may materially differ from those projected by any forward-looking
 statements.  Such risks, uncertainties and other factors that could cause
 actual results to differ from those projected include, but are not limited to,
 the following: (1) political risk and uncertainty in the global economy and
 within the energy sector, (2) regional conflicts in oil producing countries,
 (3) future capital expenditures by oil and gas companies, (4) fluctuations and
 absolute levels of international oil prices, (5) the need for increased
 Company investment to support new product and new service introductions,
 (6) the company's ability to raise needed additional capital, (7) rapid
 technological changes that could make the  company's products less desirable
 or obsolete, (8) market acceptance of the Company's products and services,
 (9) changes in product sales mix, (10) product transitions by the Company and
 its competitors, (11) the impact of competitive products and pricing,
 (12) currency fluctuations.  The company makes no commitment to revise or
 update any forward-looking statements in order to reflect events or
 circumstances after the date any such statement is made.
      Paradigm Media Contacts
      Arita Mattsoff
      Tel. +972 9 970 9349
      Europe/Africa/Middle East
      Jeanette Halford
      Tel. +44 1483 758 145
      North and South America
      Carmen Comis
      Tel. +1 713 393 4833
      Asia Pacific
      Nicola Davies
      Tel. +61 8 9327 1800

SOURCE Paradigm