Predictive Vision Expected to Revolutionize RedZone Map’s Crime Data Reporting and Big Data Analytics
MIAMI & NEW YORK–(BUSINESS WIRE)– Helios and Matheson Analytics Inc. (NASDAQ:HMNY) and its wholly-owned subsidiary, Zone Technologies Inc. (“Zone”), creator of the RedZone Map app, announced today that Dr. E. G. Rajan
, esteemed professor and research scientist, will be joining the organization as founding member and Chairman of its Science & Technology Development Board.
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As Founder and President of the Pentagram Research Centre in Hyderabad, India, Dr. Rajan was presented the Gold Medal for his lifetime achievement in Teaching, Research and Industrial Development by former Indian President, Dr. APJ Abdul Kalam, in 2015. HMNY and Zone expect Dr. Rajan’s groundbreaking research in the fields of artificial intelligence and machine learning and his current impact on the field of computer vision to significantly enhance the functionality and reach of RedZone Map, merging RedZone Map’s currently available real time crime data reporting and safer navigation features with data science and technology.
RedZone Map expects to gain an immeasurable advantage from this liaison. Dr. Rajan is a leader in the field of computer vision, a discipline that “teaches” computers to gain insight and understanding enabling them to extract data from the “real world” for which they produce numeric or symbolic information. As a result, HMNY and Zone expect that Dr. Rajan’s expertise will enable RedZone Map to further analyze, forecast and present its crime data to users in a way never before possible.
Dr. Rajan has authored multiple books including Symbolic Computing – Signal and Image Processing, Electronic Order of Battle Records of Military Radars, Computers and Information Technology and Foundations of Information Technology.
“When I first developed RedZone Map, I saw it as an advanced crime data visualization tool for users to enhance their personal safety and come together to take back their communities,” said Ted Farnsworth
, Chairman of the Board of HMNY. “But now, with Dr. Rajan’s input in the area of machine learning, the app is taking on a life of its own, engaging scientific principles and merging them with the safety concerns of our users to create a more dynamic and responsive solution. This metamorphosis is amazing to me. Getting the app to this point was on my wish list, but now with Dr. Rajan’s input, it is coming to fruition.”
“When we initially looked at RedZone Map, we immediately recognized that it had great potential and reach,” said Pat Krishnan
, CEO of HMNY. It is no surprise to me that its ongoing development has brought us to this point, attracting a world class scientist with Dr. E. G. Rajan’s
credentials. We know the app and I know the man, as I am privileged to have him as my mentor. I believe having Dr. Rajan join us as the founding member and Chair of our Science & Technology Development Board will allow RedZone Map to achieve the scientific importance it rightfully deserves.”
“The unpredictable, yet scientifically explainable is what has steered my career over 35 years.” Said Dr. Rajan. I see the impending inclusion of scientific principles into RedZone Map’s technology as less of a task and more as a labor of love. I look forward to continuing with Mr. Farnsworth and Mr. Krishnan in developing the app’s scientific potential and bringing that achievement to users around the world.”
About Helios and Matheson
Helios and Matheson Analytics Inc. ( HMNY ) provides information technology consulting, training services, software products and an enhanced suite of services of predictive analytics. With its client roster including Fortune 500 corporations, HMNY focuses mainly on the BFSI and Technology verticals. HMNY’s solutions cover the entire spectrum of IT needs, including applications, data, and infrastructure. HMNY is headquartered in New York, NY and listed on the NASDAQ Capital Market under the symbol HMNY. For more information, visit us www.hmny.com.
RedZone Map is a state-of-the-art mapping and spatial analysis company with operations in the U.S. and Israel. Its eye-opening safety map app enhances mobile GPS navigation by providing advanced proprietary technology to guide travelers to their destinations while avoiding risky areas deemed “red zones,” due to high groupings of crime data, with safer routes generally 15% longer. More than that, the app incorporates a social media component allowing for real-time “It’s happening now” crime reporting coupled with real time data from over 1,400 local, state, national and global sources. Currently available to iOS users with an Android version launching shortly, RedZone Map is available free in the Apple App Store. More information is available on the RedZone Map website.
Cautionary Statement on Forward-looking Information
Certain statements in this communication contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 or under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, “forward-looking statements”) that may not be based on historical fact, but instead relate to future events, including without limitation statements containing the words “believe”, “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect” and similar expressions. All statements other than statements of historical fact included in this communication are forward-looking statements.
Such forward-looking statements are based on a number of assumptions. Although HMNY’s management believes that the assumptions made and expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement contained herein will prove to be accurate. Actual results and developments may differ materially from those expressed or implied by the forward-looking statements contained herein and even if such actual results and developments are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects. Risk factors and other material information concerning HMNY are described in its Annual Report on Form 10-K, as amended, for the fiscal year ended December 31, 2015, and other filings, including current and periodic reports, filed with the U.S. Securities and Exchange Commission. You are cautioned to review such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned not to place undue reliance on such forward-looking statements and information, which are qualified in their entirety by this cautionary statement. All forward-looking statements and information made herein are based on HMNY’s current expectations and HMNY does not undertake an obligation to revise or update such forward-looking statements and information to reflect subsequent events or circumstances, except as required by law.
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