InferX Corporation Signs Strategic Working Agreement with KG Information Systems Limited

InferX Corporation (Pink Sheets: NFRX) today announced that it has signed a Memoradum of Understanding (MOU) with KG Information Systems Limited (KGiSL) part of KG Group of companies to develop solutions powered by InferX products and market to its client base in the Banking, Financial Services and Insurance (BFSI) and Healthcare sectors in the United States, India and globally.

The KG Group of companies will license InferX products and develop specific BFSI and Healthcare sector solutions under the guidance and collaboration of InferX technical managers and market to its client base. The solutions will feature InferX's proprietary Predictive Analytics (PA) technology to deliver next generation business intelligence solutions.

"The ability to enhance our current portfolio of business performance management solutions with InferX's real time, distributed predictive analytics technology provides us with a new competitive edge," said Sridharan Srinivasalu, Executive Director of KGiSL Group of Companies. "We are very optimistic about the outlook of our collaboration with InferX."

"Next generation PA for BFSI and Healthcare is essential for organizations that must quickly access large amounts of widely distributed data, often with varying protocols, structures and formats," said B.K. Gogia, InferX Chairman & CEO. "InferX's patented technology complements KGiSL's software solutions portfolio with a key feature -- real time global access to globally distributed structured and unstructured data sources, eliminating the need for centralized data warehousing."

ABOUT INFERX

InferX is a market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX offers a Patented Distributed Data Analytics software that accesses, analyzes and performs predictive analyses in real-time on multiple, distributed, disparate data sources. InferX has pioneered and commercialized a proprietary suite of health care products to improve performance across healthcare delivery systems.

For information: www.inferx.com.

ABOUT KGISL

KGiSL Group of Companies is a part of a $500 million revenue KG group, a premier industrial group in South India. Since 1995 the company has experience in providing technological solutions for various verticals, including the healthcare, Insurance and financial services sectors. Today, KGfSL, one of the companies of this group, is the market leader in designing and implementing domain oriented technology solutions for the Indian financial services market.