Agent Technology is looking to raise funds during 2008-2009. Agent Technology has developed a technology direction that is far more than a one trick pony. Both the business and technical solution is designed from the ground up for the ability to constantly adapt, innovate and incrementally change based on customer needs and competitive threats. We are undertaking trials with independent businesses that are early adopters. We have worked closely with a retail umbrella group representing over 250 businesses including 124 independent IGA retailers and one large independent wholesaler. Their combined annual revenue is approx $500 million. We are addressing friction points in the global economy through starting small and testing in reference sites to begin with. We solve genuine customer problems Scalability and exponential growth after 2008. Our defensible position is supported by the execution strategy and technology execution. Barriers to entry are high; however once established Agent Technology will have strong leverage over potential competitors in its tangible addressable market. The "New Generation Internet" (NGI) - as coined in the US - or "Next Wave" computing -as coined in the UK and Europe - is also known as "ambient intelligence" or "pervasive", "transparent" or "ubiquitous" computing. This will constitute the domestic, consumer and business computing and communications environment of the near future. The first decade of the digital revolution was driven by the adoption of the PC as a universal tool in business. More recently it has become a window on the World Wide Web and also an 'infotainment' appliance in the home. While this has stimulated a wide variety of new applications of technology, uptake has been inhibited by difficulty of use, high entry-level costs and the need for complex human intervention. The Next Wave of "the revolution" will be driven by the ability to embed intelligence in both PCs and non-PC products. Some of the statistics & predictions underlining the potential include: Over 7 billion microprocessors were sold in 2001, only 2% of which were destined for PCs, the rest are incorporated into a range of more-or-less "dumb" devices. The number of pervasive computing devices has already exceeded the world's population. According to the U.K. Government, by the end of 2005 there will be 2 billion mobile customers, at least 25% of whom will engage in mobile-commerce. According to Japan's General Affairs Ministry, Japan's pervasive computing market will exceed $270 billion (30 trillion Yen) by the end of 2005 and then grow to over $760 billion (84 trillion Yen) by the year 2010. McKinsey & Co. predicts that machine-to-machine (M2M) communication of the type featuring in pervasive systems (E.g. such as potential agent technology) will be a $100 billion-a-year business by 2010. Fast and efficient searching for real-time information (covering variables like price, availability, quality, volume etc) is critical for people buying most agricultural products (meat and fish, fruit, vegetables etc) and where product lifecycles are short, or product prices fluctuate. The Adaptive Supply Chain Conference in Sydney in February 2005 made it very clear that many customers around the world need adaptive networks and inexpensive real-time information. The demand however also calls for requirements such as technology based on open standards that encourage interoperability between users. Our product plan is based around a core set of technologies which are standardised by various groups. Inter-agent communication is facilitated via the passing of XML-based messages, XML being an open W3C standard upon which a variety of enterprise solutions are based. Additionally, XML is used internally for storage and could easily be extended to integrate with other systems via an XML middleware layer. The network is based on the JXTA protocol family, which is an open-source family of peer to peer protocols originally developed and licensed by Sun Microsystems. Our core development language is Java, although there is the facility to develop JXTA clients in C, C#, Perl and Python. Along with this, we expect to distribute an API (Application Programming Interface) allowing 3rd parties to implement extensions to the product to enhance interoperability with legacy systems.

"Software Agents In Business: Although limited today, the commercial adoption of applied software agents is poised to grow as firms look to make their business processes flexible and manage them by exception. Existing manufacturing supply networks lack sense-and-respond capabilities. Over the next decade, winners will use X Internet, Web services, and agent-based software to help these networks continually adapt to change." Navi Radjou, Vice President, Forrester, 2004 http://www.forrester.com