Boulder high tech firm to offer supercomputing power on PCs and workstations

"A major paradigm shift is coming to personal computing," says co-founder Kevin Howard, who developed the revolutionary software utilized by the firm to make this unprecedented power accessible to simple PCs via the Internet.

Founded by Howard, Scott Smith and Jerry Verbeck, Massively Parallel Computing Inc. and its vertical offspring, Parallel Technologies I, LLC, are skipping the conventional venture capital route and raising capital directly from private investors in the community. The terms have proven to be quite exciting for potential investors. "Commitments for Parallel Technologies I are coming in faster than predicted, providing a quicker start-up than the usual venture capital route would have permitted," says Smith, who has been an active member of the local and national financial community for many years. "This is probably due to the relatively low risk and high profit potential terms we have devised. Investors have the potential to earn 25 to 50 times their initial investment when the company IPOs within the next two years."

"Apple(TM) led the revolution by designing a personal computer to be used in every home," says Howard. "We're kicking off the next phase in that revolution by putting the power of a supercomputer in every home with a personal computer." Users will be able to quickly access the supercomputer power based in the Colorado center via the Internet and perform very complex tasks, such as processing satellite imagery, almost instantly.

"Software manufacturers will no longer be constrained by the power of the equipment on which applications are developed," adds Verbeck, who predicts quantum leaps in software sophistication once inexpensive, easily accessible supercomputing power is available to developers. "We're intent upon starting another Microsoft here," says Smith.