What will this mean in terms of revenues to Cyberstar?
RAW Communications Taps Loral CyberStar To Provide Worldwide Distribution of Financial Content Via Satellite
CyberStar and RAW Overcome Internet Limitations to Deliver Secure, High-Quality Video and Media-Rich Financial Content to Brokers, Fund Managers and Institutional Investors
ROCKVILLE, Md. & LONDON--(BUSINESS WIRE)--March 27, 2001-- Loral CyberStar, a global provider of high-quality data, voice, video, content and Internet services, announced today that it has been awarded a three-year, multimillion-dollar contract by RAW Communications.
RAW will use CyberStar's ClearStream(TM) service, a satellite-based global Internet Protocol (IP) multicast service, to deliver RAW Financial, its premier broadband service, directly to the desktops of thousands of leading fund managers across Europe and the United States. RAW plans to take advantage of CyberStar's global reach and introduce its full range of services to the Asian market later this year. CyberStar is a subsidiary of Loral Space & Communications (NYSE:LOR - news).
RAW's services offer the convenience of live or on-demand video, saving financial professionals the time, expense, and inconvenience of traveling to company financial presentations and meetings. CyberStar's satellite-based ClearStream allows RAW to stream high-quality, fully indexed, financial-related video directly to institutional and retail investors' desktops over its unique broadband Internet network and the public Internet.
``Working with CyberStar since January 1998, we have found that it is flexible, responsive, and always provides top-quality products and exemplary customer service,'' said RAW Communications Chief Executive Officer Ab Banerjee. ``When it came to selecting a single global partner to help us expand the broadband IP service for RAW Financial, it made sense to use a company we knew and trusted, both commercially and technically.''
RAW Financial is an Internet financial media content delivery network that disseminates messages, including analyst presentations, special announcements such as bids or mergers, and IPO road shows, from corporations and brokers to the financial marketplace. Using CyberStar's ClearStream service, RAW can bypass the usual congestion and bandwidth constraints associated with the public Internet, and guarantee high-quality video in a secure format to RAW's users worldwide.
``RAW serves the global investment community and is committed to providing exceptional service and quality to all of its customers, wherever they are located,'' said CyberStar President Neil Bauer. ``By taking advantage of the multicasting efficiency of video-streaming via satellite, RAW can deliver high-quality video and media-rich content straight to a broker's computer where it can be viewed live or on-demand. With the globalization of trading, RAW's service finally offers global traders the ability to track their portfolios in an efficient and cost-effective manner.''
The anytime, anywhere capability of CyberStar's global network allows companies like RAW to provide fast and cost-effective distance learning, corporate news and events, distribution channel communications, employee orientations and briefings, crisis management and video/audio archiving to employees, partners and clients around the world. RAW is using CyberStar's technology and global availability to reach customers more quickly, reliably and with higher quality than via purely terrestrial solutions. CyberStar's IP multicast network overcomes Internet limitations, including network congestion, buffering and security.
About RAW Communications
RAW was founded in January 1998, and is now the leader in its field, with about half of the FTSE and the NASDAQ 100 using RAW's services. RAW has established its products as the standard Web platforms for the leading European brokerage houses. RAW Communications' institutional shareholders include 3i Group plc (Europe's leading venture capital firm), Providence Equity Partners and Intel Corporation of the US. For more information, visit RAW's Web site at www.rawcommunications.com.
About CyberStar
Loral CyberStar, based in Rockville, MD, USA, is a leading global Internet and infomedia business that provides IP broadband data, Internet and multimedia services to businesses and Internet service providers. Applications include virtual multicast networks, data networking, high-speed file transfer, distance learning, and audio and video streaming services. The company combines service and marketing expertise from resources and operations in every major region of the world. For more information, visit CyberStar's Web site at www.cyberstar.com.
About Loral Space & Communications
Loral Space & Communications (NYSE: LOR - news) is a high-technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, Internet services, and broadband data services including business television, distance learning and video to the desktop. For more information, visit Loral's Web site at www.loral.com. |
