Wavelet codecs making waves at CES.....
Summus Ports Dynamic Wavelet Video Codec to Samsung Motionyepp Platform
Summus and High Speed to Demonstrate Product at
CES Show in Las Vegas on Jan. 6th-9th
RALEIGH, N.C., Jan. 4 /PRNewswire/ -- Summus Ltd., which has signed a conditional agreement to merge with High Speed Net Solutions (OTC Pink Sheets: HSNS) has announced the successful port of their Dynamic Wavelet video codec to Samsung's MotionYepp Platform. This completes a prerequisite for a technology porting license agreement with Samsung. The resultant technology demonstration will be shown at the Consumer Electronic Show in the Samsung booth (#941) on January 6th - 9th. The demonstration will show high quality, full screen wavelet video on the handheld DSP-based device.
"Our engineers managed to complete this challenging port in a very short time frame over the holidays, with very impressive results," said Dr. Bjorn Jawerth, Founder & Chairman of Summus Ltd. "I am looking forward to moving both our talks and collaboration with Samsung forward."
About Summus, Ltd.
Summus, headquartered in Raleigh, North Carolina, is a leading digital media technology company. Through extensive custom project work for the government and the pioneering efforts of its founder, renowned mathematician Dr. Bjorn Jawerth, Summus has developed a series of innovative Dynamic Wavelet compression solutions for encoding, managing and distributing digital media content. These solutions enable OEMs as well as Internet retailers and advisors to optimize the delivery of rich media via the Internet while simultaneously allowing their customers to unleash the potential of imaging and video technology. More information on Summus can be found at www.summus.com.
About High Speed Net Solutions
High Speed Net Solutions (OTC Pink Sheets: HSNS) is a leading service provider enabling companies to conduct online rich media advertising and direct marketing campaigns targeting specific customer demographics through applications such as email. High Speed and Summus have signed a conditional agreement to merge their respective companies. High Speed is located in Raleigh, North Carolina. More information on High Speed can be found at www.hsns.com. For additional information, contact Laurel Moody at Vision Corporate Consulting at 212-509-4565 or at laurel@visioncc.net. If you would like to be added the Company's email list to receive future press releases and shareholder correspondence, please email us at hsns@visioncc.net.
The statements contained in this release contain forward-looking statements relating to Summus Ltd., High Speed Net Solutions and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Companies note that a variety of factors could cause the actual results to differ materially from the anticipated results expressed in the Companies' forward-looking statements. Some of these factors include that the parties may not reach agreement on terms, that the necessary approvals may not be obtained, that Summus Ltd. may not be able to repay the loan or that High Speed may not obtain the funding required for the combined companies. Other factors are described in the Company's documents on file with the Securities and Exchange Commission. Both Companies hereby disclaim any obligation to update the information provided above, including forward-looking statements.
[I guess that BG wrapped up those X-boxes that the kiddies unwrapped a little early. I'll have to wait for CES to see the photos.] |
