Pangolin buys LAStudio, retains Uspekh as development resour

[pangolinlaser]

On March 30, 2002, Pangolin Laser Systems concluded a deal for the purchase of all copyrights, distribution rights and source code for LAStudio and TraceIT from the Ukrainian company Uspekh LTD. In addition, Pangolin has also retained the computer software development services of Uspekh for the continued development of LD2000 software and other Pangolin products.

WHO IS USPEKH LTD?
Uspekh LTD was founded in 1995 and quickly became the Eastern Ukraine leader in the fields of professional audio, lighting equipment, and laser software development. Uspekh currently specializes in systems and services for cinemas, sporting arenas and educational institutions.


WHAT IS LASTUDIO?
LAStudio is a software package that works as an add-on for LD2000. It includes a 3D drawing and object creation program, timeline-based show creation program and an abstract generator. The package allows additional effects and provides some new methods to create scrolling text, abstracts, 3D frames, and other show elements. There will be a demo version of LAStudio available soon at Pangolin's web site.


WHAT IS TRACEIT?
TraceIT is a bitmap to vector program that can be used with or without LD2000. When used with LD2000, it allows direct conversion of bitmaps and video sequences to laser, using the QM2000.


WHAT DOES THIS MEAN TO PANGOLIN CLIENTS?
This means several things. First, Pangolin clients will have some additional tools to choose from and clients will be able to purchase these tools directly from Pangolin dealers. Second, Pangolin now has additional development resources that enable us to create new software more quickly and respond to user’s requests more effectively. The additional software base and development resources also allow us to produce customized versions of laser software for specific markets and OEMs.


WHAT IS THE PRICE OF LASTUDIO AND TRACEIT?
The main LAStudio software package is $1995 list.
The TraceIT bitmap tracer is $595 list.
Note that the above prices are only for the software. A QM2000 Intro, Basic or Pro board from Pangolin is required for laser display output.

WHEN WILL LASTUDIO AND TRACEIT BE AVAILABLE FROM PANGOLIN?
LAStudio and TraceIT are available now from Pangolin and Pangolin dealers.

[john]

What does this mean for further development of LD2000 and LAStudio Software? Will there be two product series from pangolin or will you combine both or even stop development for one of the softwares?

John

[penner]

<img border="0" title="" alt="[Eek!]" src="images/icons/shocked.gif" /> <img border="0" title="" alt="[Eek!]" src="images/icons/shocked.gif" /> <img border="0" title="" alt="[Confused]" src="images/icons/confused.gif" />

[pangolinlaser]

@John,

Good question. Here is my thinking for the moment.

Certainly the LD2000 product will continue to evolve, just as it always has. We have already begun extracting a few features from LAStudio and putting them into LD2000. Likewise we have also discussed some improvements to LAStudio and TraceIT as well. So I think you will see both products evolve to some extent, but probably the majority of the effort will be focussed on the LD2000 platform.

Best regards,

William Benner
Pangolin Laser Systems