Eight Solutions Surpasses 1000 Cumul8 Users
VANCOUVER BC, September 25, 2015 — Eight Solutions Inc. (TSXV:ES) (“Eight Solutions” or the “Company”) is pleased to announce that its digital asset visualization product, Cumul8 Stratus, has surpassed 1000 users.
Cumul8 Stratus is a project management and asset management tool for digital media based on the Company’s proprietary data visualization technology. The unique benefit of Stratus is its ability to manage massive quantities of data—literally millions and millions of single digital assets per project—from a variety of sources across multiple locations. This multi-location asset management tool makes Stratus highly beneficial for the visual effects industry, which often spans many users at a given time. Cumul8 Stratus dramatically helps visual effects studios save money and time by reducing lost or redundant work and streamlining production with its live status reporting on all digital assets within a project. Further, Stratus deals with huge volumes of assets in a system that is user friendly, easily searchable, and collaborative between users. The Company plans to release a new mobile version of Cumul8 Stratus within the next year.
Achieving 1000 users within the operations of Prime Focus, with whom Eight Solutions partnered on its 3D business, validates the commercial viability of the asset management component of Cumul8. It also confirms that Cumul8 can quickly and easily be deployed into any studio wanting a faster and more manageable way to deal with large volumes of digital files.
The Company’s goal of 1000 Cumul8 Stratus users by the end of 2015 has been achieved faster than originally expected. This enables the Company to start marketing and selling Cumul8 Stratus more aggressively. We anticipate Cumul8 Stratus will be licensed on a user basis, similar to other monthly or site subscription models.
“The relationships we forged during our time in 3D conversion and visual effects have really paved the path for us to rapidly expand the user base of Cumul8 Stratus,” says Rory Armes, CEO of Eight Solutions. “We are also fortunate to be based in Vancouver, which is becoming the global hub for animation, visual effects, and other digital media businesses. Now that we have traction on a meaningful number of Stratus users, we plan to sell Cumul8 Stratus within our own local market as well as Hollywood and abroad.”
About Eight Solutions Inc.
Eight Solutions is a technology company led by a team of gaming industry veterans. Eight Solution’s flagship product is Cumul8, a data analytics and visualization solution. Cumul8 works with any type of data source to help people and companies understand, collaborate, and make better decisions with data. Eight Solution's portfolio also includes an award-winning 3D technology licensed to the film industry and Reelhouse, a unique video-on-demand platform that allows films makers to distribute their content directly to users. For more information, visit
www.eightsolutions.com.On Behalf of the Board of Directors
“Rory Armes”
Rory Armes
Chief Executive Officer and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Although Eight Solutions believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For more Information, please contact:
Danielle Rockel
Vice President of Corporate Affairs
Danielle@eightsolutions.com
Suite 100, 138 East 7th Avenue
Vancouver, British Columbia, V5T 1M6
Phone: (604) 669-8885
Fax: (604) 669-8855
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