Profile: Cyberecord Inc (CYRD.PK)

CYRD.PK on OTC Markets Group - US Other OTC and Grey Market

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1 May 2014
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CybeRecord, Inc., formed on February 17, 1969 under the name Flexi-Built Modular Housing Corporation, develops, manufactures, and markets a low-cost, high-speed automated microfilm scanner. The Company, which is a developmental stage company, is developing the ScanServer technology for creating images that can be transmitted across the Internet or placed on a server and made accessible by intranet. Users can select the standard image format they wish to use for their converted microfilm images, which are stored on a computer hard-drive. Among the standard image formats available are "tif," "jpg," and bit map files. The stored images can be cataloged, viewed, and transmitted electronically using standard "off-the-shelf" software. Initially, the Company expects to focus its marketing efforts most heavily on government agencies, banking, insurance, and title companies.

CybeRecord has developed key technology with the goal of creating a microfilm scanner that can automatically recognize individual images, locate the boundaries between images, and accurately convert images into digital form. The Company has been testing and refining its technology, but it cannot be certain that it has identified and corrected all the potential problems that could prevent ScanServer's hardware or software from functioning properly. The Company's ScanServer does not produce a computer file that can be edited as text or other types of data. The digital record is essentially an electronic picture of the original microfilm image. A converted image, if it consists of text, could, if a customer chose, be loaded into an optical character recognition (OCR) device or program. This step is not part of what ScanServer provides to its users, however. It would require customers to use separate applications with the necessary capabilities.

The Company's ScanServer incorporates two key software components that it believes will give its product a significant competitive advantage. The Company calls them "ImageFinder" and "ImageRestore." ImageFinder is designed to automatically detect and distinguish between images on microfilm. The Company tested ImageFinder in November 1999 using microfilm samples that included overlapping images and films that had different size images intermixed with each other. The Company's ImageFinder software partitioned the images on the test samples with 100% accuracy, without the need for operator intervention. The scanner also is intended to require minimal human supervision, so that the Company's customers will incur lower personnel costs and less work disruption than will other scanners. To accomplish this goal, the Company's scanner has to provide reliable, automatic image recognition. The Company's ImageFinder software is designed to meet this need.

The ScanServer's second key software component is ImageRestore. ImageRestore is designed to automatically restore contrast, clarity, and content to digital images produced from microfilm records. When the Company tested ImageRestore on a variety of microfilm samples, it obtained very good results. The images the Company tested not only had improved clarity, but extraneous marks such as scratches and specks had been removed.

Another advantage CybeRecord believes it can offer customers with ScanSaver is simplicity of use. The Company has designed ScanServer to be easy enough to operate to allow an unskilled clerk to use it correctly with minimal training. The Company's ScanServer is no more difficult to operate than a simple photocopier. A set of microfilm records is placed into the ScanServer, the operator chooses the copying options, presses the start button, and the ScanServer carries out the conversion process automatically. CybeRecord considers this is a significant improvement over other currently available scanners, which the Company believes are complicated and cumbersome to operate and require substantial training. The Company's ScanServer is designed to automatically detect even difficult images. If other scanners are less reliable in accurately and consistently recognizing individual microfilm images, they have to be much more closely attended because an operator has to manually check and compensate for any image recognition errors.

The Company believes that SunRise Imaging, Inc. and Mekel presently are the leaders in the microfilm scanner market. Fuji also offers a proprietary scanner limited to its own 16mm blipped roll film. Both SunRise Imaging and Mekel have recently been acquired by other companies.

Company Address

Cyberecord Inc

STE 700, 100 Crescent Court
DALLAS   TX   75201
P: +1832.2777936
F: +1425.9905594

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