InnovaCom Inc. Awarded Singapore's Capital Tower Contract; TransPEG Selected to Deploy Videoconferencing for One of the World's Tallest Buildings Business Editors, High-Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--May 10, 2000--InnovaCom, Inc., (OTCBB:MPEG) a leading manufacturer of high quality broadband video transmission solutions, announced today that it has been awarded a contract through Singapore's Pidemco Land Limited to provide its TransPEG(R) 500 transceivers for videoconferencing over ATM. Full-scale deployment of the project has already begun with completion expected before the end of June 2000. Under the terms of the contract, InnovaCom will manufacture and install TransPEG 500 transceivers, which are used to transmit, receive and process video over ATM networks. The systems will be installed in Singapore's Capital Tower building. Among the world's tallest buildings, the Capital Tower stands 52 stories high and is being built in Singapore's prime financial and commercial district. "We are pleased to have been selected to provide videoconferencing over ATM for the prestigious Capital Tower in Singapore. InnovaCom's TransPEG won the contract for quality video and ease of use over several other contenders. This contract award represents an example of InnovaCom's unique blend of broadcast video and MPEG compression expertise playing an integral role in separating itself from the competition," said Frank Alioto, President and Chief Executive Officer of InnovaCom, Inc. "We look forward to expanding this relationship in the future, as we provide a growing number of technically superior products." InnovaCom's TransPEG 500 delivers a robust 24/7 transmission of MPEG-2 video over native ATM (AAL5). The TransPEG 500 can also revert back to LANE (LAN Emulation) protocols for Classical IP (CLIP) based transmission. Other models in the family are available using 10/100 BaseT Ethernet or T1/E1 (B8ZS or AMI). Video data rates range from 1 Mb/s to 15 Mb/s. About InnovaCom, Inc. InnovaCom, Inc. is a Silicon Valley manufacturer of video compression based transmission and DVD Pre-Mastering Systems. The company's MPEG-2 based product line targets the digital television, communications and DVD production marketplaces. InnovaCom, Inc. is located at 3400 Garrett Drive, Santa Clara, California, 95054. For more information, please call 408/727-2447 or fax 408/727-6625 or visit the company's website at transpeg.com or dvdimpact.com. For Investor Relations information, call 888/464-6734 or email: investorinfo@transpeg.com. This press release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statement. Factors that might cause such a difference include, but are not limited to, the factors set forth under "Risk Factors" in the company's registration statement on Form SB-2. Readers should not place undue reliance on forward-looking statements, which only reflect the view of management as of the date hereof. The Company does not undertake the obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission. --30--RYG/se* CONTACT: Chan & Associates, Inc. Robin Schnug, 714/447-4993 Fax, 714/578-0284 or InnovaCom, Inc. Frank Alioto, 408/727-2447 Fax, 408/727-6625 |