Remember a while back when OBAS opened their office in Japan. Rumors were flying about which company they were doing that join project with? Well the answer, regardless of how incomplete, is out:
biz.yahoo.com
Tuesday September 26, 8:02 am Eastern Time
Press Release
SOURCE: Optibase Ltd.
TDK and Optibase Introduce MPEG-4-Based Streaming Server Software
TDK-Optibase Alliance Delivers Landmark Streaming Media Solution
TOKYO, Japan and HERZILYA, Israel, Sept. 26 /PRNewswire/ -- TDK Corp. and Optibase Ltd. (Nasdaq: OBAS - news) announced today that they have developed a streaming server based on the MPEG-4 ISO international multimedia standard. This project was launched as the first step in a development alliance, formed in July of 1999, between the two companies in the field of Internet-based applications built on MPEG-4 technology. Targeted at the broadband Internet and multimedia cellular telephone markets, the server is designed to provide a fully-defined multimedia streaming MPEG-4-based platform that allows the distribution of multi-object multimedia scenes over networks for use with PCs, PDAs, and set-top boxes.
The convergence of Internet and broadcast media has introduced a new form of customized content, turning end-users from passive content consumers to active ones. The MPEG-4 platform, based on technology developed in this project, enables end-users to easily access information as selected by service providers, taking user preference into account and allowing flexible interaction with the content. The platform targets applications ranging from business TV and distance learning to interactive advertising, gaming and more.
According to Shunjiro Saito, TDK Executive Vice President in charge of R&D, ``TDK is focusing on MPEG-4 technologies as solutions for streaming media under broadband Internet environments and next-generation mobile terminals, both of which are expected to develop greatly in the future. By joining forces with Optibase, which has a proven track record with MPEG technologies, we hope to respond to the needs of new and expanding markets.''
``Optibase is committed to lead the industry in delivering streaming media solutions for Internet-based applications,'' said Yehuda Elmaliach, Vice President and CTO of Optibase. ``Our MPEG-4 technologies will serve as the foundation for high quality, scalable and robust innovative solutions.''
About TDK
TDK has a portfolio of technologies originally developed for its business activities involving electronic materials, components, and devices, semiconductors, recording media, and data storage devices. TDK exercises technical leadership in fields including dielectric, organic, and semiconductor materials; process technologies for thick and thin films; high-density storage technologies including CD-R and DVD; and integration technologies. TDK technologies can be found in multimedia, audio, video, personal computers, mobile communications, components, and semiconductors.
About Optibase
Optibase is a publicly traded company (Nasdaq: OBAS - news) and a leader in broadband digital video streaming solutions. Optibase's powerful streaming media server platforms enable video streaming over broadband networks for applications such as distance learning, business TV and Interactive TV. Optibase is advancing into the next growth phase of the broadband Internet by developing media gateways servers, which will enable end-to-end, constraints free streaming of rich media over the Internet and broadband networks. Rich media applications vary from video-enhanced e-commerce, Internet TV, video on demand services, addressed advertising, advanced caching, streaming live events and more. Headquartered in Israel, Optibase operates through its fully owned subsidiary in San Jose, CA and offices in the UK, France, China and Japan, Optibase is set to provide streaming media solutions for the broadband Internet market. For more information please visit www.optibase.com .
This press release contains certain ``forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. Specifically, the statement regarding the application of MPEG-4 technologies is forward looking, and involves certain risks and uncertainties associated with products and services based on novel technologies. Actual results could differ materially from such forward-looking statement. For more information regarding business of Optibase, please see the discussions and risk factors in Optibase's Registration Statement (No.333-11396)(declared effective on March 8, 2000), and annual report on Form 20-F filed with the Securities and Exchange Commission for the 1999 fiscal year.
For more information, contact: Nobuyuki Koike, Manager of Corporate Communications Dept. of TDK Corporation, 81-3-5201-7102, or e-mail, nkoike@mb1.tdk.co.jp; or Yael Paz, 972-9-970-9255, or e-mail, yaelp@optibase.com, or Doug Stine, 408-260-6780, or e-mail, dougs@optibase.com, both of Optibase, Inc.; or Charlotte Gutman of CGP SA, 32-2-375-21-00, or e-mail, charlotte@cgp.be; or Michael Young of Porter Novelli Convergence Group, 312-938-3872, or e-mail, michael.young@pnich.com
SOURCE: Optibase Ltd.
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