VNCI Announces $1.2 Million Initial Purchase of Video Systems by Global Healthcare Products Company
PORTSMOUTH, N.H.--(BUSINESS WIRE)--Jan. 17, 2001--
Video Network Enhances International Collaboration Among Senior
Executives and R&D Staff
Video Network Communications, Inc. (VNCI) (NASDAQ:VNCI - news), a leader in enterprise video networking, today released details of an initial order of $1.2 million for VNCI video systems by a Fortune 50 healthcare products company. Building on its success in clinical healthcare and military R&D applications, VNCI is providing a fully integrated solution that enables bi-directional, decision-quality video communications for R&D collaboration, executive communications and training at four US and three international customer sites.
Early collaboration among VNCI sales and engineering and the customer's senior management and IT staff, resulted in a plan that identified key individuals at each of the seven sites who required ongoing, face-to-face communication - and heavy travel - to move projects forward and make critical decisions. This ``due diligence'' resulted in a video network design at each site that delivers on-demand video communications to the desktops of these key contributors, so they can collaborate spontaneously across sites, either one-on-one or as a group.
Jack Semiao, Director of Healthcare Sales at VNCI, described the project: ``Our customer's IT/Operations Group had a clear agenda and strict criteria for this solution: find a user-friendly video system that would reduce travel by allowing researchers and executives to ''meet`` whenever they needed - without sacrificing visual quality or disrupting the data network. VNCI worked closely with end users and IT staff at each customer site to ensure our technology met their criteria for quality, reliability, and ease-of-use.''
Several of the business improvement criteria identified early in the project, such as acceleration of research cycles and knowledge transfer, are expected to show immediate results.
VNCI Vice President of Sales and Marketing Stephen LaMarche concluded: ``We are extremely encouraged by the efficiencies this customer will achieve using VNCI video networking systems. It's both exciting and enlightening to collaborate across disciplines in an environment like this and to realize that our technology is impacting not only the company, but also the recipients of their healthcare products and services around the world. VNCI's networking approach and specialized knowledge in this vertical market uniquely positions us to provide the superior quality and robust capacity that global healthcare organizations demand in a video solution.''
This customer order was originally disclosed in a filing with the Securities and Exchange Commission on Form 8-K on December 7, 2000. At that time, the approximate size of the order was $1 million. For further details on this and other VNCI filings, investors may access the SEC archives at www.sec.gov.
About Video Network Communications, Inc.
Video Network Communications designs, develops, and markets video distribution systems that provide full-motion, high-resolution video networking, enabling video broadcast distribution, retrieval of stored video-on-demand and interpersonal video communications. Patented technology allows the VNCI system to use the same wiring as the telephone to bring TV-quality video anywhere there is a phone line. The ISDN/IP and ATM Gateway solutions extend the reach of the VNCI Video System from enterprise desktops out to the worldwide web and other wide-area-networks. The Company's common stock and warrants are listed on The Nasdaq SmallCap Market under the symbols ``VNCI'' and ``VNCIW'' respectively. VNCI can be found at www.vnci.net.
Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results and future events may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the Company's most recent filings with the Securities and Exchange Commission.
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Contact:
Collaborative Communications, Inc.
Billie Jo Weiss, 617/520-9138
bjweiss@collaborative.com
or
Video Network Communications, Inc.
Colleen Seachrist, 603/334-6725
colleen_seachrist@vnci.net
or
Lippert/Heilshorn & Associates, Inc.
William A. Walkowiak (Investor Relations)
212/838-3777
william@lhai.com |
