Today's news--
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>>(BSNS WIRE) Fraunhofer CRCG and USA Video Interactive Establish Joint Ma
Fraunhofer CRCG and USA Video Interactive Establish Joint Marketing Agreement; CRCG International Experts in Distance Learning
Business/Technology Editors
MYSTIC, Conn.--(BUSINESS WIRE)--July 21, 1999--The Fraunhofer
Center for Research in Computer Graphics, Inc. (www.crcg.edu) and USA
Video Interactive (NASD:USVO)(ASE:US) (www.usvo.com) have agreed to
jointly develop and market "distance learning systems" for use in
higher education and other applications. CRCG is a division of
Fraunhofer-Gesellschaft, an international leader of research and
development in education, telecommunications technology, electronics
and computer technology. The globalization of market and society
increases the importance of distance and life-long learning
technologies and solutions. This will affect both the cross-media and
international development of learning materials as well as the
delivery of these educational materials to students and company
employees in a highly effective and cost-efficient manner anywhere in
the world.
The agreement provides that Fraunhofer's Modular Training System
and USA Video Interactive's Video-on-Demand(tm) and Wavelet
compression technologies will be integrated for Intranet, Internet and
other applications for distance education, career development,
life-long learning, and corporate training. With its parent company,
Fraunhofer IGD, CRCG already is participating in a European project
that supports authoring and learning by anticipating future learning
scenarios with distributed, user adapted, on-demand and cooperative
training environments. Integrating the USA Video Interactive
technology adds Video-on-Demand(tm) and additional flexibility to
these and future deployments. Currently, Fraunhofer has two programs
under way, one involving three universities from Germany, Finland and
Portugal creating and delivering courseware for the Institutes of
Higher Education; and seven courseware providers from Greece, the
Netherlands, Germany and Portugal developing materials for 20
companies. An additional deployment is planned in Singapore. CRCG also
is affiliated with several universities in the United States.
"USA Video Interactive's technology and servers provide a
quantum-level jump in what we can now offer through our Modular
Training System in Europe, North America and Asia," said Lars B.
Karle, Vice President of Fraunhofer CRCG in Providence, Rhode Island.
"This should be the start of a long and productive relationship where
the ones who ultimately benefit are the students and workforce of the
next millennium."
"Working with one of the Fraunhofer Institutes helps both of us
provide the very best cutting edge technology and services to the
education market worldwide," said Edwin Molina, president of USA Video
Interactive. "Fraunhofer's international reputation, the breadth of
their research, and their clearly focused vision for education and
science today and in the future are extraordinary. This is an
exceptional partnering."
Fraunhofer CRCG primarily conducts research and development in
the combined fields of computer graphics and telecommunications, with
over 30 full-time and part time scientists and research staff. CRCG
has close cooperative relationships with institutions such as Brown
University, Johnson & Whales, and the University of Rhode Island, and
currently has ongoing projects with government and international
industrial partners. CRCG has several patents and awards in the
application areas of medical visualization and telemedicine, digital
security, and 3D interaction.
USA Video Interactive is an international designer and supplierof high-tech Video-on-Demand(tm) systems, services and solutions. The
USA Video Interactive technology allows users to view streaming video
or to access digitized video libraries, including movies, sports,
other entertainment, educational resources, corporate training
seminars and other archives. 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. USA
Video Interactive can utilize MPEG-1, MPEG-2 or MPEG-4 compression
techniques but prefers its Wavelet compression technology, which
allows direct streaming and download & play options; 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. An essential feature of the USA
Video Interactive technology is that it allows extremely high
compression ratios while retaining broadcast quality.
USA Video Interactive Corp. US Office: 70 Essex Street; Mystic,
CT 06355; (800) 625-2200; (860) 572-1560; Canada Office: 837 West
Hastings Street; Suite #507; Vancouver, B.C. V6C 1B2; Trading symbol
on the US NASD OTC BB: USVO; SEC 12g3-2(b) Exemption: #82-1601.
Trading symbol on The Alberta Stock Exchange: US. Standard & Poors
Listed. CUSIP 902924208 Video-On-Demand(tm) and Video Yellow Pages(tm)
are trademarks of USA Video.
The Alberta Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
USA Video Interactive Contact - Media Relations: Tony Castagno;Investor Relations: Kevin Yorio 860-572-1560 Fraunhofer CRCG, Inc. 321 South Main Street, Providence, RI 02903, (401) 453 6363. The
Fraunhofer Center for Research in Computer Graphics, Inc. is a not-for-profit, tax-exempt 501(c)3 corporation, located near Brown
University in Providence, Rhode Island. The Fraunhofer CRCG is owned
by the Fraunhofer Gesellschaft (Munich, Germany) and began operations
at the beginning of 1994. The President, Prof. Dr. Jose L. Encarnacao,
is Director of the Fraunhofer Institute for Computer Graphics in
Darmstadt, Germany. Chief Operating Officer, Dr. Bertram Herzog, Vice
President for Business Development, Mr. Lars Karle.
--30--mm/bos*
CONTACT: USA Video Interactive
Tony Castagno
Kevin Yorio, 860/572-1560
KEYWORD: CONNECTICUT MASSACHUSETTS
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
EDUCATION
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