USA Video receives orders from Inetcable.com
USA Video Interactive Corp US
Shares issued 73,466,089 Sep 12 close $4.75
Wed 13 Sept 2000 News Release
Mr. Edwin Molina reports
Inetcable.com has placed the first in a series of orders with USA Video
Interactive for the North American deployment of its video application
service. The North American deployment is the first step by Inetcable.com
in an aggressive worldwide plan that includes at least 4,500 satellite
downlink units and 100 satellite uplink units over the next three years.
This initial order is for eight encoding suites equipped with one-gigahertz
processors and for upgrades of 10 previously supplied encoders. The order
is worth approximately $0.5-million.
In recent testing, USA Video Interactive and Inetcable.com engineers
achieved broadcast-quality results at the 200k level (DSL and cable modems)
and one-megabyte level (high-speed DSL), and very high-quality,
30-frames-per-second video at the 56k level (home modems). "In this joint
venture with USA Video Interactive, we believe we are the first in the
world to achieve such high frame rates over the Internet," said Ted Boyle,
president of Inetcable.com. "Now we need to speed up our schedule for
deployment to bring this product to a ready and anxiously waiting market.
"The technical results are especially significant because we are getting
good-quality, full-motion video at 56k -- the best I've seen, This is very
good news indeed to the more than 100 million people in North America with
56k dial-up modems. But at the 200k and one-megahertz levels, the quality
is absolutely astounding, like cable TV through the Internet and improving
all the time.
"With a worldwide market in excess of 200 million, and with Inetcable.com's
worldwide satellite distribution capabilities, we are embarking on a
landmark project of almost limitless proportions. Tbe faster we can deploy
our systems, the better. We are first to market with this innovative
system, and there is strong demand for it from ISPs and search engines."
"This is further confirmation that true convergence of Internet and
broadcast TV is here today and we have the technology and the technical
experts to bring it to reality now," said Edwin Molina, president and chief
executive officer of USA Video Interactive. The companies have a technology
partnership for design and delivery of streaming broadcast video and live
TV via the Internet. USA Video Interactive and Inetcable.com have designed
a system that incorporates multicast video encoding, archiving and delivery
as well as unicast video-on-demand using USA Video Interactive technology
and equipment via Inetcable.com's satellite network platform to Internet
service providers and other users around the world.
The systems are based on a system demonstrated earlier this year at the
North American Broadcaster's Association annual meeting in Florida. The
concept behind the system is to avoid latency and other problems inherent
in the Internet network itself by bypassing the backbone and delivering
signals directly to ISPs. Live TV broadcast signals are routed to USA Video
Interactive's WebcasterLive encoding engines where they are compressed
using the latest state-of-the-art technologies, coupled with
Inetcable.com's broadband viewer and caching software, then routed through
USA Video Interactive Hurricane Mediacaster video servers to be broadcast
via Inetcable's satellite distribution system.
About Inetcable.com
Inetcable.com is a video application service provider whose convergence
backbone and portal delivers content via satellite in high-quality,
full-motion video, to the worldwide population of Internet users.
Inetcable.com delivers cable broadcast, cable specialty and pay-per-view
services for broadband users in an effort to create the world's first
Internet cable television service. The company's unique technology
solution, industry relationships and strategic partnerships will give it
first-mover advantage and put Inetcable.com in position to capture a
significant portion of both North American and international market for
streaming media. Though not publicly traded at this time, Inetcable plans
an initial public offering later this year. For more information about
Inetcable.com, visit www.inetcable.com.
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com |
