DiSTI® Achieves VirtualSuccess Worldwide with GL Studio
Orlando, Fla. --- When University of Central Floridas Research division tapped three engineers to provide simulation training for military employees some 10 years ago, the seeds were planted for a company that would eventually stand on its own to meet vital needs of the Department of Defense and its vendors.
The DiSTI Corporation (DiSTI) is the brainchild of engineers Joe Swinski, William Andrews and Darren Humphrey, each of whom were employed by General Electric, Lockheed or the like in the early 1990s. They joined UCFs Institute for Simulation and Training in 1993 and manned a training company on the side, offering training and other service in the field of simulator networking. Eventually Humphrey saw a need to develop a virtual prototyping and rapid simulation development tool for companies that manufacture virtual flight simulators.
The result is "GL Studio®", which went to market in 2000. The software leverages gaming technology to provide high speed realistic computer graphics on low cost computers, replacing legacy systems that required expensive graphics supercomputers. The software is sold to companies that manufacture virtual training devices for the Department of Defense, including locals Lockheed Martin, L-3 Communications, American Systems Corp., Unitech, General Dynamics, SAIC and several others. GL Studio has now been sold to more than 150 companies and government agencies around the world.
GL Studio® allows these manufacturers to build virtual cockpits for flight simulators, 3D maintenance trainers and computer generated display systems for simulators. The software is currently being developed for use in commercial and military aircraft displays. GL Studio® is also being adopted in the automotive market to prototype and develop next generation automotive displays, including a recent sale to Nissan Motor Corporation.
In its first year of operation, DiSTI revenues were around $100,000. Just ten years later, their revenues have grown more than twenty-fold to $2.5 million and they expect to exceed $4 million this year.
The company's workforce has doubled to over 20 employees and the company is looking to hire 10 more employees in 2005. Over 30 new customers came on board in 2004, according to Swinski.
He credits the UCF Technology Incubator for giving his company the foundation for success. As engineers, we had the technological capabilities to make DiSTI and GL Studio® a reality. Fortunately, as part of the UCF Technology Incubator, we also had the assistance and the guidance with our business plan, business model, pricing, marketing and other areas where we weren't as experienced,said Swinski, DiSTI president.
DiSTI recently graduated from the UCF Technology Incubator program and their prospects for continued growth are promising, said Carol Ann Dykes, chief operating officer of the UCF Technology Incubator.
Swinski added we recently got an SBIR contract to develop GL Studio® into a product capable of generating safety critical avionics displays for Army helicopters, which will get our foot in the door of market that exceeds $3 Billion. We are also developing the first in a new class of 3D virtual F-18 maintenance trainers for the Navy, which is changing the way that complex technical maintenance is taught. Were also returning to our roots in a way by offering more training and software services to complement the software side of our business.
DiSTI is the leading developer of Distributed Simulation Training courses and interactive visual applications for simulation and training. DiSTI's flagship software product, GL Studio®, leads the industry in the development of real-time, three-dimensional PC simulations for maintenance and operational trainers and embedded avionics displays.
About the UCF Technology Incubator
Since its founding in 1999, the UCF Technology Incubator has helped more than 80 emerging technology companies create over $150 million in revenue and more than 450 new jobs with an average salary of $59,000. As a result of this success, the UCF Technology Incubator was recently named the 2004 Technology Incubator of the Year by the National Business Incubation Association. Headquartered in Research Park near the University, the Incubator is a true collaboration in economic development between UCF, Orange County, the City of Orlando the Florida High Tech Corridor Council and the Metro Orlando Economic Development Commission. For more information, please visit http://www.incubator.ucf.edu
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For more information, please contact:
Joe Swinski, DiSTI, 407. 206.3390 ext. 16.
Tom O'Neal or Carol Ann Dykes, UCF Technology Incubator, 407.882.0202
Larry Vershel or Beth Payan, LV Communications Inc. 407.644.4142.