USA Video receives orders from Inetcable.com
USA Video Interactive Corp US
Shares issued 73,466,089 2000-09-12 close $4.75
Wednesday Sep 13 2000 News Release
Mr. Edwin Molina reports
Inetcable.com has placed the first in a series of orders with USA Video Interactive for the North American deployment of its video application service. The North American deployment is the first step by Inetcable.com in an aggressive worldwide plan that includes at least 4,500 satellite downlink units and 100 satellite uplink units over the next three years. This initial order is for eight encoding suites equipped with one-gigahertz processors and for upgrades of 10 previously supplied encoders. The order is worth approximately $0.5-million.
In recent testing, USA Video Interactive and Inetcable.com engineers achieved broadcast-quality results at the 200k level (DSL and cable modems) and one-megabyte level (high-speed DSL), and very high-quality, 30-frames-per-second video at the 56k level (home modems). "In this joint venture with USA Video Interactive, we believe we are the first in the world to achieve such high frame rates over the Internet," said Ted Boyle, president of Inetcable.com. "Now we need to speed up our schedule for deployment to bring this product to a ready and anxiously waiting market.
"The technical results are especially significant because we are getting good-quality, full-motion video at 56k -- the best I've seen, This is very good news indeed to the more than 100 million people in North America with 56k dial-up modems. But at the 200k and one-megahertz levels, the quality is absolutely astounding, like cable TV through the Internet and improving all the time.
"With a worldwide market in excess of 200 million, and with Inetcable.com's worldwide satellite distribution capabilities, we are embarking on a landmark project of almost limitless proportions. Tbe faster we can deploy our systems, the better. We are first to market with this innovative system, and there is strong demand for it from ISPs and search engines."
"This is further confirmation that true convergence of Internet and broadcast TV is here today and we have the technology and the technical experts to bring it to reality now," said Edwin Molina, president and chief executive officer of USA Video Interactive. The companies have a technology partnership for design and delivery of streaming broadcast video and live TV via the Internet. USA Video Interactive and Inetcable.com have designed a system that incorporates multicast video encoding, archiving and delivery as well as unicast video-on-demand using USA Video Interactive technology and equipment via Inetcable.com's satellite network platform to Internet service providers and other users around the world.
The systems are based on a system demonstrated earlier this year at the North American Broadcaster's Association annual meeting in Florida. The concept behind the system is to avoid latency and other problems inherent in the Internet network itself by bypassing the backbone and delivering signals directly to ISPs. Live TV broadcast signals are routed to USA Video Interactive's WebcasterLive encoding engines where they are compressed using the latest state-of-the-art technologies, coupled with Inetcable.com's broadband viewer and caching software, then routed through USA Video Interactive Hurricane Mediacaster video servers to be broadcast via Inetcable's satellite distribution system.
About Inetcable.com
Inetcable.com is a video application service provider whose convergence backbone and portal delivers content via satellite in high-quality, full-motion video, to the worldwide population of Internet users. Inetcable.com delivers cable broadcast, cable specialty and pay-per-view services for broadband users in an effort to create the world's first Internet cable television service. The company's unique technology solution, industry relationships and strategic partnerships will give it first-mover advantage and put Inetcable.com in position to capture a significant portion of both North American and international market for streaming media. Though not publicly traded at this time, Inetcable plans an initial public offering later this year. For more information about Inetcable.com, visit www.inetcable.com.
WARNING: The company relies upon litigation protection for "forward-looking" statements. |
