SOURCE: Grid Petroleum Corp.

Grid Petroleum Corp.

April 12, 2016 08:30 ET

Grid Petroleum: Simlatus Corporation Announces Its New Syncpal Product for Major Media Networks

Simlatus Corporation Introducing Its SyncPal With Potential $30M in Sales

GRASS VALLEY, CA--(Marketwired - Apr 12, 2016) - Grid Petroleum Corp. (OTC PINK: GRPR) (Simlatus Corporation) has recently announced its intentions in marketing the new SyncPal product this coming fall to their major network customers. The company manufactures all of their products in their facility in the USA. The company has recently changed its name to Simlatus Corporation via the PRE14C filed last week. There is new management, assets of $6.2M, revenue and an entirely new company.

Gary Tilden, CEO, stated, "With over 10,000 TV Broadcast Stations in the USA alone, according to the FCC's 2013 census, our SyncPal is priced to move at a low cost of $3,299. We are targeting 30% of our major customers who already own some of our products, such as CBS, NBC, ABC, FOX, ESPN and DirecTV. This opens a new revenue stream of nearly $30M for 2017-2018. We expect our global distributors to target Europe, Asia, South America, Canada, Mexico and Australia which would be an additional revenue stream for the company."

Bob Stillwaugh, Director and Chief Engineer, stated, "There is a phenomenon that can occur in television broadcasting called 'out of lip-sync.' This happens when the sound of the announcer's voice reaches your ears before the movement of his lips reaches your eyes. This can be corrected by adjusting the delay of the sound until the voice and lip movement are 'in sync.' In High-Definition broadcasting, a majority of times the audio signal is embedded (or buried) into the video signal for transmission between the originating source and the TV station. Multiple signal processing of the video portion of the combined signals can cause this video delay. The Simlatus' SyncPal has been specifically designed to allow the broadcaster to make this video-to-audio adjustment. At the input to the unit, the audio is decoded from the video, manually adjusted up to a maximum of 49.9 frames of delay in increments of 0.1 frames using the selector adjustments on the front panel of the unit, and then re-encoded back into the composite signal. The unit will simultaneously delay up to 16 channels of audio (in 4 groups). No processing of the video signal occurs. The SyncPal unit is housed in a 6 1/2"x5"x1 1/2" aluminum enclosure and is powered by an external 5VDC source. It can be positioned alone, or mounted in an optional RT-2, 19" rack mounting tray. The Video Input is 800mV Peak-Peak, Cable Equalization is 120 Meters at 3Ghz, Input impedance is 75 ohms coaxial, Video Formats are SMPTE 425M (2.97Gb/s), 292M (1.485Gb/s), 259M(270Mb/s), the Number of Outputs are 2, the Video Output is 800mV Peak-Peak and the Delay resolution is 0.1 frames."

Mike Schatz, COO, stated, "We are about 90% complete in the final design of SyncPal. There is no competition with our specific product as it is designed for commercial use with the large broadcast networks. With our focus on expanding our existing broadcast product line, we have about 50 products in our catalog at this time, and will continue to design and build newer products. Our entire product line is manufactured and assembled in the USA. I guess you can say that we sell our products to Asia, but we don't manufacture there."

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

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