This is BIG news->
MYSTIC, Connecticut, July 20, 2000 – USA Video Interactive Corp. (US NBQ: USVO: CDNX: US; www.usvo.com) today announced it has begun the process of patenting its new wavelet compression technology with the U.S. Trademark and Patent Office. Also, agreements between USA Video Interactive and Vianet Technologies are ending by mutual agreement of both companies.
"We have some of the top wavelet experts in the world working with us now in a team headed by Dr. Albert Gerheim, and we are making faster progress than expected on a completely unique wavelet that is designed to be a significant improvement over competitors," said Edwin Molina, President and CEO of USA Video Interactive. "To protect this technological advance, we are starting the patent process."
"The relationship with Vianet did not develop as either of us had hoped and it is time for both of us to move on," said Molina. "We’ve increasingly been relying on MPEG4 as a compression technique for a variety of reasons, but we firmly believe that the wavelet we are developing will be even better in specific applications. It will result in a clearer, higher quality image that requires less bandwidth than other compression technologies," said Molina. "As always, we will continue offering our customers a choice of compression technologies as part of the overall end-to-end package of video services we provide."
Molina stated that an advantage of the USA Video Interactive systems is that they are fully scalable and can easily add or substitute new technologies as they are developed, keeping customers provided with the latest developments in streaming Internet video. He predicted the new wavelet will be unveiled in the fourth quarter.
Molina also noted that USA Video Interactive’s researchers are progressing with the development of additional technologies including the development of a wavelet codec for the Unix platform widely used in education and in corporate America. "An additional advantage of designing our own patentable proprietary product is that we will be able to guarantee the quality and operability of this Unix codec when we turn it over to Sun Microsystems as contracted for use in its Solaris operating environment in Sun™ and Sun Ray™ servers," said Molina. (See USA Video Interactive Press Release of March 9, 2000: "USA Video Interactive to Port its Wavelet Streaming Video Technology to Sun Microsystems' Solaris™ Operating Environment for Education, Corporate Training Markets.")
About USA Video Interactive
USA Video Interactive is an international designer and supplier of high-tech Internet streaming video and Video-on-Demand™ systems, services and innovative end-to-end solutions. The USA Video Interactive technology gives users full-motion video; the unique flexibility of standard, VCR-like controls of play, fast-forward, reverse and pause; and the convenience of a standard internet-browser format for access. Its provides video images significantly faster and at a higher degree of resolution than with previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies -- all at a lower cost and at or near broadcast quality. |
