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Technology Stocks : Bitstream (BITS)

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To: phil who wrote (62)12/15/1999 2:08:00 PM
From: phil  Read Replies (1) of 108
 
Corel Partners With Bitstream To ProvideNext-Generation Font Support For Linux: Bitstream to providefont server use and management for industry standard fonts for Linux

December 15, 1999 12:21 PM
CAMBRIDGE, Mass. & OTTAWA--(BUSINESS WIRE)--Dec. 15, 1999-- Bitstream Inc. BITS and Corel Corporation CORL CA:COR announced today that Corel has licensed a Linux(r) font server currently being developed by Bitstream. Corel will integrate this font server into the office and graphics suites that it is currently developing for Linux.

Bitstream's new Linux font server can render PostScript(r) Type 1 fonts, in addition to TrueType(r) and other industry standard font formats. It also succeeds at making fonts on the Linux OS user friendly by providing robust and intuitive font management that is comparable to what is currently available for the Windows(r) or Macintosh(r) operating systems. The new Bitstream(r) technology will help the Linux platform overcome one of its most significant barriers to acceptance in the desktop market.

Corel recently released its first Linux operating system, Corel(r) LINUX(r) OS and is currently developing office and graphics suites for Linux. Corel(r) WordPerfect(r) 8 for Linux(r) has been hugely successful as a free download: the office suite for Linux will be available in early 2000. The CorelDRAW(r) graphics suite for Linux will be available in the summer of 2000. Corel is currently integrating the Bitstream font server into both of these suites.

With a long history of delivering technology that makes fonts easy to use anywhere, Bitstream is uniquely positioned to introduce a font rendering and font management solution for Linux. Built on technology acquired from Gallium Software, Inc. in 1996, this solution will provide Linux developers with an essential font technology for future product considerations.

"Bitstream is excited about introducing one of the most user-friendly Linux font subsystems for TrueType and PostScript," said Paul Trevithick, president of Bitstream Inc. "This will be a critical technological step towards the commercial success of Linux. We are confident that other Linux developers like Corel will recognize its value, and that many will adopt it as the technology of choice for providing font fidelity and ease-of-use for their customers."

"The Bitstream font technology will give us the highest-quality font subsystem for Linux," said Rene Schmidt, vice president of software development for Linux at Corel Corporation. "This technology moves us closer to our goal of having high functionality and true cross-platform compatibility between Windows and Linux."

About Bitstream, the Internet Font Company

Bitstream Inc. BITS , headquartered in Cambridge, Massachusetts, is a leading developer of type technology, digital typefaces, and type customization services for the graphics communications industry. Bitstream licenses its WebFont(tm), Font Fusion(tm), and FontTastic font portability and rendering technology to hundreds of industry-leading Internet, Web, and publishing software applications developers, as well as to manufacturers of computers, printers, set-top boxes, and other devices. Bitstream has been awarded several patents that cover aspects of creating subsetted fonts, managing and rendering portable font objects, and using portable fonts for Web publishing. Bitstream also offers on-demand marketing software through its wholly-owned subsidiary, Pageflex Inc. For more information on Bitstream and its products, visit the company on the World Wide Web at www.bitstream.com.

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(sm) 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.

Bitstream is a registered trademark, and FontTastic, WebFont, and Font Fusion are trademarks of Bitstream Inc. 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.

CONTACT: Bitstream Inc. Dan McDermott, 617/520-8387 E-mail: dmcdermott@bitstream.com or Corel Corporation Judith O'Brien (US), 613/728-0826 ext. 5405 E-mail: juditho@corel.com Web Site: www.corel.com or Corel Corporation Stefania Allevato (Canada), 613/728-0826 ext. 5003 E-mail: stefaniaa@corel.com




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