Just recall that WAVO is not only a competitor to NewsEdge through its
WavePhore Newscast, but also delivers NewsEdge to subscribers with its
FM wireless hardware. WAVO has similar arrangements with other
providers of proprietary information. Here's another WAVO press
release:
WavePhore and Reuters Sign Satellite Network Agreement; WavePhore to
Provide Turnkey 256 kbps Multimedia Satellite Network
PR News Wire via Dow Jones
SALT LAKE CITY, Nov. 4 /PRNewswire/ -- WavePhore Networks, a division of
WavePhore, Inc. (Nasdaq: WAVO) announced today it has signed an agreement with
Reuters NewMedia Inc., to provide a new satellite network delivering digital
photographs, graphics and multimedia information to Reuters subscribers across
North America. The agreement calls for a 256 kilobit per second channel that
will provide the North American backbone for Reuters' worldwide Multimedia Data
Network. The contract extends through the year 2001 and will include uplink
services, satellite space segment, network management, installation and service,
as well as application software. WavePhore has provided network services for
Reuters since 1987.
"We are pleased to expand Reuters long-time relationship with WavePhore by
choosing them to deploy Reuters Global Multimedia Data Network in North
America," said Mitch Koppelman, Director of News Marketing, Reuters NewMedia
Inc. "We believe Reuters customers will derive significant benefits from the
improved technologies, faster network speeds and multimedia flexibility
WavePhore's networks provide us."
The Reuters network leverages WavePhore's new core network management and
receiver technology. Each endpoint of the network will be served by WavePhore's
IDR V1000 variable bit rate SCPC satellite receiver as well as application
software developed by WavePhore to capture news, digital photos, graphics and
multimedia content. The IDR V1000 will incorporate an Ethernet port to handle
data output, allowing it to be connected directly to the customer's LAN using
TCP/IP.
"Our great strength lies in our ability to expand the services we provide as
the sophisticated needs of our customers continue to grow," said Mo Gardner,
Executive Vice President and Chief Operating Officer of WavePhore Networks. "As
the need to disseminate both new kinds and larger amounts of information
continues, we will continue to provide enhanced distribution through new
compression technologies and innovative broadcast transmission methods,
including Internet-standard protocols such as TCP/IP."
About WavePhore
WavePhore Inc., the industry leader in data broadcasting, is comprised of
three divisions: WavePhore Networks, WavePhore Newscast, and WaveTop. WavePhore
Networks provides flexible high speed data broadcast services and equipment for
leading information providers to more than 80,000 end user sites worldwide.
WavePhore Newscast delivers real-time, customized business intelligence from
over 3,000 sources to more than 160,000 corporate knowledge workers across the
U.S., Canada, and Europe, providing a strategic information advantage
enterprise-wide. WaveTop will deliver multimedia information and entertainment
to data broadcast-ready home PCs. WaveTop has partnered with PBS National
Datacast to broadcast data through its 264 PBS member stations, covering more
than 99% of US television households. Additional information on WavePhore is
available via the Internet at www.wavephore.com, www.wavo.com, www.wavetop.net,
and www.newscast.com. Based in Phoenix, Arizona, WavePhore, Inc. is a publicly
traded company (Nasdaq: WAVO).
Certain of the above statements regarding WavePhore constitute forward-
looking statements which may involve risks and uncertainties. Actual results
could differ materially from such forward-looking statements as a result of a
variety of factors, including, but not limited to, technology changes,
competitive developments, industry and market acceptance of new products and
services, and risk factors listed from time to time in WavePhore's SEC filings.
/CONTACT: Mo Gardner, Executive Vice President of WavePhore Networks,
801-584-2800, or mgardner@wavo.com; or Leslie Nakajima, Corporate Relations,
602-952-5500 ext. 224, or lnakajim@wavephore.com, or Jennifer Schreier,
Investor Relations, 602-952-5500, ext. 239, or jschreier@wavephore.com, both of
WavePhore Inc.; or Wendy Zajack, External Relations of Reuters NewMedia,
212-603-3581/
09:01 EST |
