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Technology Stocks : GraphOn / Unity First Acquisition Corp (GOJO)

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To: D. K. G. who wrote (68)10/25/1999 1:20:00 PM
From: Zed  Read Replies (1) of 255
 
Corel to License GraphOn
October 25, 1999 09:21 AM
CAMPBELL, Calif.--(BUSINESS WIRE)--Oct. 25, 1999--

Technology provides a ready-made solution for ASPs and network managers

GraphOn Corporation GOJO and Corel Corporation CA:COR CORL today announced they have entered into a licensing agreement that will see GraphOn's WinBridge(tm) Web-enabling software included in Corel applications.

Corel has licensed the right to include the WinBridge technology (formerly codenamed jBridge(tm)) with any of its applications, beginning with the popular WordPerfect(r) Office 2000 suite.

By adding WinBridge to its applications, Corel can provide an instant deployment solution that will allow users to access Corel's Windows(r) applications over any network connection, including the Internet, regardless of the operating system on their desktop. Once a user accesses the applications over a network, the applications appear the same as they would if they were being run locally, and do not require any additional hardware.

Under the non-exclusive agreement, Corel will bundle GraphOn WinBridge software into certain Corel applications, and, in the future, will fully integrate the software into those applications. Corel will also market the Web-enabled applications to application service providers (ASP) and customers in enterprises, education and other environments where the efficiencies of Web-enabled deployment help save money. In addition, Corel will centralize control of the Web-enabled applications and ensure that the latest version of the software is available on every connected desktop.

Earlier in 1999, GraphOn and Corel signed a deal, which saw Corel receive a 20 percent stake in GraphOn Corporation in exchange for jBridge software. GraphOn took jBridge, then in its early development, and transformed it into the WinBridge technology.

"This is the vision we first saw when we started developing jBridge," said Dr. Michael Cowpland, president and chief executive officer of Corel Corporation. "We are thrilled that GraphOn has successfully been able to take our technology and turn it into a complete thin client connectivity solution. GraphOn WinBridge enables Corel to be one of the first large independent software vendors to offer a complete, ready-made, out-of-the-box solution that enables deployment of its popular mass market applications over the Internet."

GraphOn president and chief executive officer, Walt Keller, said, "Web-enabling Corel's Windows applications gives us an excellent showcase to demonstrate that the most sophisticated and popular applications can be Web-enabled instantly and presented just as they were developed and without any XML or Java(tm) front end or extra hardware."

Corel will first use the GraphOn WinBridge technology to Web-enable WordPerfect Office 2000, which includes the following core applications:

-- WordPerfect(r) 9, the powerful word-processing package

-- Quattro(r) Pro 9, the spreadsheet package

-- Corel(r) Presentations(tm) 9 for use in creating high-quality

slide shows and drawings

-- CorelCENTRAL(tm) 9, the personal information manager

-- Paradox(r) 9 database software

Corel will make further announcements about when WinBridge will be available with WordPerfect Office 2000 at a later date. Corel may web-enable its other applications, including its CorelDRAW(r) graphics suite, with GraphOn WinBridge in the future.

Corel Corporation

Corel Corporation is an internationally recognized developer of award-winning graphics and business productivity applications. Development of market-leading products such as the CorelDRAW(r) line of graphics applications and the Corel(r) WordPerfect(r) Suite of business tools is continually evolving to meet the demands of the corporate, retail and academic markets. Committed to performance, compatibility, value and open standards, Corel develops products for the Windows(r), Macintosh(r), UNIX(r), Linux(r) and Java(tm) platforms. Corel's common stock trades on The NASDAQ Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR. For more information visit Corel's Web site at www.corel.com.

About GraphOn

GraphOn Corporation develops and markets thin, server-based software to speed, centralize and simplify enterprise computing and enable efficient network deployment of applications to a wide variety of devices and platforms. GraphOn products include GO-Global, the first thin client X server for PCs running Microsoft Windows; GO-Joe, the first thin client X server for Java; and GO-Between(tm), the first thin client X server for multi-user NT (such as Microsoft Terminal Server and Citrix WinFrame). GraphOn's WinBridge technology enables deployment of 32-bit Windows applications over the Internet (scheduled for release late 1999). Fully functional demos of GraphOn's products are available from the company's Web site at graphon.com. GraphOn is headquartered in Campbell, Calif. and has offices in Seattle, Wash., Concord, N.H., and Reading, UK. Investors can obtain financial and corporate information at www.sec.gov under GraphOn Corporation's CIK no. 0001021435.

This press release contains statements that are forward looking as that term is defined by the United States Private Securities Litigation Reform Act of 1995. These statements are based on current expectations that are subject to risks and uncertainties. Actual results will differ due to factors such as shifts in customer demand, product shipment schedules, product mix, competitive products and pricing, technological shifts and other variables. Readers are referred to GraphOn's most recent reports filed with the Securities and Exchange Commission.

GraphOn, GO-Joe, GO-Global, GO-Between, Bridges, WinBridge and jBridge are trademarks or registered trademarks of GraphOn Corp. Corel, WordPerfect, CorelDRAW and the Go Further logo are trademarks or registered trademarks of Corel Corporation or Corel Corporation Limited. Linux is a registered trademark of Linus Torvalds. UNIX is a registered trademark of The Open Group. All other product names are trademarks of their respective companies. All other brands and products referenced herein are the trademarks or registered trademarks of their respective holders.




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