STERLING, Va., April 16, 2012 /PRNewswire/ -- InferX Corporation (OTCQB: NFRX), announced today that it has been awarded a contract by one of the world's largest systems integration firms to support an agency of the Department of Treasury. The InferX team will provide predictive analytics support services to enhance critical social media business processes for citizen business information systems.
The advanced analysis provided by InferX through the application of predictive analytics technology will significantly enhance the Agency's ability to make meaningfully comparisons, and evaluate key support measurement variables for our citizen customers. At a time of tight budget constraints, there are increasingly high demands for multi-modal interfaces for customer interaction within the Agency. InferX will provide the framework that links people, information, and decision-making processes for enabling citizens to get a complete view of key information metrics. This enhanced ability for information collection, fusion, and analysis will provide the Agency leadership with the ability to conduct across-the-board scrutiny and keep pace with evolving customer service demands.
This project will provide the Agency the ability to optimize the citizen experience during interactions with the customer support infrastructure. The Agency will have the ability to streamline customer support, i.e. on-line (website), call center and IVR; so as to respond to changing citizen requirements in the most efficient manner with the best information delivered in a succinct manner. The application of advanced analytics provides the Government with the ability to predict needs and correlate it for provide quality information to the citizen. This will result in reduced costs associated with call-center, IVR and customer support infrastructure and enhance customer support.
InferX advanced analytics solutions delivered to Department of Treasury agencies, provides them the ability to rapidly conduct operational analysis within a framework of multiple data sources; without having to bring all the data together in one location. InferX's solution processes rapidly changing information into actionable knowledge and presents the Government with better management decisions for operational planning and execution.
Vijay Suri, President and CEO of InferX Corporation, said, "The InferX Team is proud of our collaboration efforts with our Systems Integration partner and Government customer in a revolutionary support project, while meeting key management objectives for fiscal alignment and improvement of citizen support requirements. This new business initiative continues to solidify our market leadership in the federal advanced analytics marketplace; thus continuing our focus on using information prediction to enhance business processes."
About InferX Corporation
InferX is the market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support — all without the need to move data. InferX is headquartered in Sterling, VA.
Certain statements above, in press releases and NFRX officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. See InferX's 10-K for 12/31/10 for a discussion of those risks. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. NFRX has no specific intention to update these statements.