** NEWS OUT **
Company Press Release
SOURCE: USA Video Interactive
USA Video Interactive Introduces World's First Linux-Wavelet Set-Top Box To Open the World of Video-On-Demand(TM) to Millions
MYSTIC, Conn., Jan. 18 /PRNewswire/ -- Further to the December 23 announcement of their intention to collaborate on developing a next-generation set-top box incorporating the Linux operating system and USA Video Interactive's Wavelet and Video-on-Demand technologies, the three companies signed a contract last week to produce the world's first Linux-Wavelet set-top box by the Spring of 2000. In signing this landmark contract, USA Video Interactive ''USA Video Interactive (OTC Bulletin Board: USVO; Alberta: US) (http://www.usvo.com), Eagle Wireless (OTC Bulletin Board: EGLW - news; eglw.com), and Urbana.ca (OTC Bulletin Board: URBA - news) will produce an enhanced set-top box that makes true Video-on-Demand and the advantages of rapidly growing Linux-accessed Internet accessible to millions of people who can not yet get costly and sparsely available broadband service.
''Especially in light of the recent merger of AOL and TimeWarner, it is clear that Video-on-Demand is a high priority in the marketplace, but its availability has been limited by bandwidth restrictions,'' said Dr. H. Dean Cubley, president and chief executive officer of Eagle Wireless. ''Our new product, which incorporates some of the extraordinary technologies and capabilities of our strategic partners USA Video Interactive and Urbana, breaks through these barriers and makes Video-on-Demand a reality now.''
''Linux and Wavelet combined here let us offer all kinds of 'next-generation' services to our customers through these set-top boxes,'' said Jason Cassis, President of Urbana.ca. ''With IBM and other companies getting more and more involved with Linux, we believe its possibilities are expanded enormously by the addition of USA Video Interactive's Wavelet compression and Video-on-Demand technologies. I think we are setting a new standard for performance, reliability and flexibility in meeting the market-driven demands of our customers.''
The contract states that Eagle will embed the Linux operating system and USA Video Interactive's Wavelet and patented Video-on-Demand technologies into a new set-top box being developed for deployment by Urbana. The companies also will share technical expertise in research and development of this and other new products to be announced in the future such as Video Email, Video Conferencing and other technologies. As part of the contract, USA Video Interactive also will supply Wavelet-equipped video servers and other equipment to Urbana for its upcoming deployments.
''This is an exciting partnership with endless possibilities,'' said Edwin Molina, President of USA Video Interactive. ''It is part of our strategic activities to provide true Video-on-Demand and high quality streaming Internet video to people around the world in a whole variety of applications from entertainment and education to corporate training and interpersonal communications. It's bringing tomorrow one step closer to today.''
About Linux
The Linux operating system is available from a number of companies including Red Hat and others. Linux is a free Unix-type operating system that includes true multitasking, virtual memory, shared libraries, demand loading, proper memory management, TCP/IP networking, and other features consistent with Unix-type systems. Due to the nature of Linux's functionality and availability, it has become increasingly popular worldwide.
About Eagle Wireless
Eagle Wireless International, Inc., and subsidiaries, is a leading supplier of broadband wired and wireless equipment and services for the Internet, Multimedia Set-Top-Box, one- and two-way wireless messaging, specialized mobile radio (SMR), remote data acquisition and meter reading, and Integrated Wired and Wireless Convergence product markets. The Company is headquartered in League City, Texas, south of Houston. Further news updates on Eagle and its products are available at eglw.com, otcfn.com and compasspointgroup.com.
About Urbana.ca, Inc.
Urbana.ca Inc. and its subsidiaries are e-commerce, transaction and content companies that create Intranet and Internet-based systems in conjunction with local area governments and high profile corporations. Delivered through a set-top-box, local communities can be provided with community-based entertainment and information services widely used in all facets of everyday life. The Company's headquarters are located in Ontario, Canada.
About USA Video Interactive
USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand(TM) systems, services and solutions. 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. Its Wavelet technology 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 near-broadcast quality. More information on USA Video Interactive, visit usvo.com.
Corporate Headquarters 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 3N6. Trading symbol on the US NASD OTC BB: USVO; SEC 12g3-2(b) Exemption: #82-1601. Trading symbol on The Canadian Venture Exchange: US. Standard & Poors Listed. CUSIP 902924208; USA Video, USA Video Interactive, Video-On-Demand and Video Yellow Pages are trademarks of USA Video Interactive. The Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, possible changes in cost of materials, expense items, capital expenditures, capital structure, and other financial items; introduction of new products and possible acquisitions of assets or businesses; possible actions by customers, suppliers, competitors, regulatory authorities; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
###
SOURCE: USA Video Interactive
--------------------------------------------------------------------------------
More Quotes
and News: Eagle Wireless International Inc (OTC BB:EGLW.OB - news)
Urbana.Ca Inc (OTC BB:URBA.OB - news)
USA VIDEO INTER (Vancouver:US.V - news)
|
