Long awaited news coming in. TPWR technoligy the 1st of its kind will insure it as a global player.
TrackPower Broadcast Update TrackPower's broadcast partner Inetcable teams with BroadLogic to deliver high-quality streamed IP video and data to subscribers across America
NEW YORK, Oct 2, 2000 (BUSINESS WIRE) -- TrackPower, Inc. (OTCBB: TPWR)
announced today that its broadcast partner Inetcable.com "Inetcable"
(www.inetcable.com), a leading application services provider and BroadLogic
Network Technologies (www.broadlogic.com), the world's leading supplier of
satellite broadband networking equipment, have signed an agreement to supply
Inetcable with its Satellite Express(TM) USB desktop satellite receiver.
Inetcable will use BroadLogic receivers to enable the delivery of high-quality
streamed IP video and data to TrackPower's subscribers across North America.
The first deployment of Inetcable's satellite network will deliver TrackPower's
live horse racing streaming media to the PCs of thousands of racing enthusiasts.
TrackPower subscribers will have a whole new level of service with all tracks
being broadcast in real-time, as many as 20 simultaneously, and with interactive
services including wagering also available.
"We're integrating the BroadLogic technology into our Inetcable delivery system
to bring an almost limitless array of delivery options to our content suppliers
such as Trackpower," said Ted Boyle, president and CEO of Inetcable. "By adding
BroadLogic's Satellite Express USB desktop receiver to our network, Inetcable
can now offer high-quality live video, pre-recorded event files, and data
directly to our subscribers PCs."
"We believe that with the addition of Inetcable's advanced technology,
TrackPower can offer the horseracing industry the highest quality service for
distributing product to the home," said J. Graham Simmonds, Vice President and
General Manager of TrackPower. "This new high-quality broadcast service will
give racing fans an affordable interactive video service with full card
simulcasting capabilities."
"The delivery of Multimedia services via satellite to ISPs and to end users is a
rapidly developing market. It is exciting to see both business-to-business and
business-to-consumer services moving from concept to deployment," said Toby
Farrand, president and CEO of BroadLogic Network Technologies. "This is another
example of how delivering IP over satellite is the most effective solution to
meet the cost and quality demands of the customer."
"Inetcable gives its subscribers the opportunity to receive a full set of
interactive streaming media channels on their computers if they have high-speed
DSL or cable modems. With the addition of the BroadLogic Satellite Express USB
receiver, almost all end users can now have access to Inetcable's web portal,"
said Boyle.
Inetcable's system was demonstrated earlier this year at the North American
Broadcaster's Association annual meeting in Florida. The system avoids latency
and other problems inherent in the Internet by bypassing the Internet backbone
and delivering signals directly to ISPs, who deliver the signal to end users via
set top boxes or high-speed modems.
About Inetcable.com
Inetcable is an application services provider (ASP) that provides a convergence
backbone and website to ISPs delivering high quality, full motion video to the
worldwide population of Internet users. Inetcable delivers 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 give it
first mover advantage and puts Inetcable in position to capture a significant
portion of both the North American and the international market for streaming
media. For more information about Inetcable.com, please visit www.inetcable.com.
About BroadLogic
BroadLogic Network Technologies is the leading provider of broadband networking
equipment for sending and receiving high-speed video and data. BroadLogic's
products connect satellite and terrestrial networks to desktop PC's, LAN and
infrastructure equipment used by ISPs and the telecommunications industry. The
company is focused on providing innovative products for data broadcasting and
two-way satellite applications that bring media-rich content to large
corporations, Internet infrastructure providers and DTV broadcasters and their
customers.
About TrackPower
TrackPower, Inc. is currently preparing to launch an enhanced interactive video
and information service for horseracing in conjunction with Inetcable.com, Inc.
The company has an agreement allowing its new and existing customers to wager on
horse races through Telebet(TM)/Dial-a-Bet(TM), a licensed telephone wagering
service operated by Penn National Gaming, Inc.
All trademarks are the property of their respective owners.
This release contains forward-looking statements, which are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that all forward-looking statements involve risk and
uncertainties, which may cause actual results to differ from those described.
CONTACT: TrackPower, Inc.
Graham Simmonds
905/833-3838
simmonds@trackpower.com
URL: businesswire.com |
