NovoDynamics®, Inc. Launches Coronado™ - A New Intelligent Document Recognition Technology
Unmatched Speed and Accuracy Reduce Document Processing Time

May 18, 2009
Ann Arbor, MI

Ann Arbor, MI – May 18, 2009 − NovoDynamics®, Inc, a recognized leader in providing advanced software technology solutions, today announced the launch of Coronado™, a new Intelligent Document Recognition (IDR) product that offers unparalleled speed, accuracy and automated classification training to significantly reduce the time and costs associated with document processing.

NovoDynamics developed a new approach to IDR software by leveraging its scientific heritage in artificial intelligence, image analysis and data mining. Coronado™ analyzes the dots on the page to determine what’s similar and different from other pages and then remembers the information so that it will recognize the page the next time it sees it. This helps make Coronado™ not only accurate, but also reduces the high professional services costs usually required for document recognition training.

“Coronado™ is the only product on the market today that combines artificial intelligence with page pixel analytics to offer automated classification training and testing.” said David Rock, president and CEO of NovoDynamics. “This is a major advantage for businesses looking to streamline their work processes and generate quick ROI, and for Enterprise Content Management (ECM) vendors and VARs looking to optimize their data capture solutions.”

Coronado™ features NovoDynamics' Automated Classification Engine (ACE), which uses advanced artificial intelligence and breakthrough page pixel analytics to quickly and accurately organize, train and recognize diverse document types. ACE is able to identify a document even when its content has been scaled or shifted and its Automatic Orientation Detection (AOD) technology automatically detects rotated pages. ACE’s adaptive learning capabilities allow new documents to be easily added to previously trained document sets. Integration into any ECM solution is achieved through ACE’s robust application programming interface.

“Coronado™’s speed and accuracy help overcome the challenges of managing huge volumes of documents cost-effectively. For example, Coronado™ can recognize pages within tens of milliseconds while still achieving a high accuracy rate – demonstrating that Coronado™ is the next generation in the evolution of IDR software,” Rock continued.

Coronado is now available directly through NovoDynamics or via its global network of Enterprise Content Management (ECM) partners.

NovoDynamics, Inc. is a recognized leader in providing advanced software technology solutions for organizations seeking powerful, reliable and accurate ways to extract and leverage information from critical data sources. NovoDynamics works with its global network of Enterprise Content Management (ECM) partners to provide breakthrough optical character recognition, document image enhancement, data classification and predictive modeling solutions across a variety of business segments. Leveraging its world-class technical team, NovoDynamics helps organizations create business processes that are more efficient, accurate and cost-effective. For more information, visit http://www.novodynamics.com.