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Technology Stocks : Spyglass

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To: Art Bechhoefer who wrote (1062)8/23/1999 6:13:00 PM
From: Bruce Cullen  Read Replies (1) of 1412
 
Monday August 23, 10:03 am Eastern Time
Company Press Release
SOURCE: Spyglass Inc.
Seiko Epson and Spyglass Collaborate on New Wireless Communications And Computing Device
New Handheld Innovation Will Use Spyglass Prism to Deliver Custom Content Services to Japanese Consumers
NAPERVILLE, Ill., Aug. 23 /PRNewswire/ -- Spyglass® Inc. (Nasdaq: SPYG - news) announced today it has licensed Spyglass Prism to Seiko Epson for use with a new wireless device. The handheld product was specifically designed to target the Japanese market and includes several built-in features that set it apart from traditional mobile phones and handheld computers. Each unit will serve as a cellular phone, but will include additions such as a Web browser, information directory, driving direction service, and other personal applications.

(Photo: newscom.com )
To add value to the device, Seiko Epson is also rolling out its own Global Positioning Satellite (GPS) system and network. Spyglass Prism will work in conjunction with the device and the service to deliver content that has been specifically adapted to display appropriately and quickly on the handheld device. Spyglass Prism is an Internet content delivery platform that acts as a proxy server, identifying the device calling up information and dynamically conditioning and optimizing the data from its source before delivering to the device. As an example, Spyglass Prism will condition and resize the map image data that is sent to the GPS function. This greatly reduces the bandwidth requirements of the network, and also makes the detailed maps legible on the small screen devices.

''In order for a wireless device to be widely accepted by Japanese consumers, it needs to be a turnkey solution with access to the Internet and to other services built into the device,'' said Kesamitsu Koiki, Seiko Epson general manager. ''To make that access as useful as possible to our customers, we will be using Spyglass Prism, to deliver content that is appropriately formatted for our handheld device.''

''By bundling a valuable service package with a cutting-edge device, the innovation is a breakthrough product for Seiko Epson and for Japanese consumers,'' said Kazumi Tagami, Spyglass general manager, professional services. ''This is an important win for Spyglass in Japan and demonstrates how Spyglass Prism enables the creation of services that deliver Internet content to wireless devices.''

About Seiko Epson

Japan-based Seiko Epson Corporation is a global manufacturer and supplier of high-quality technology products that most customers demand for increased functionality, compactness, systems integration, and energy efficiency.

About Spyglass

Spyglass (Nasdaq: SPYG - news) provides Internet expertise, software and services for making devices work with the Web. Particularly active in the mobile data and interactive television markets, Spyglass solutions are used by market-leading companies including GTE, General Instrument, Microsoft, Motorola, NEC, Nokia, Sony, Thomson Consumer Electronics (RCA) and Xerox. Spyglass headquarters are located at 1240 East Diehl Rd., Naperville, Ill., 60563; phone: 630-245.6512; fax: 630-245-6693; press e-mail inquiries: aingalls@spyglass.com ; Web site: www.spyglass.com .

Spyglass and the Spyglass logo are trademarks or registered trademarks of Spyglass, Inc., in the United States and other countries. Mosaic is a trademark of the University of Illinois. (Other technologies and brand names are trademarks or registered trademarks of their respective companies.) This release contains information about management's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors that are discussed in the company's annual report on Form 10-K for the year ended September 30, 1998, which is on file with the SEC.

SOURCE: Spyglass Inc.
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