DSNY NEWS- BIG NEWS, DSNY goes wireles....
this NR also appears on all quote sites for all the companies mentioned, it will be read by a gazzillion investors :-))
Destiny Media Technologies Announces Clipstream Compatibility With Wireless Devices; Java Based Streaming Technology Successfully Tested On Symbian Epoc Platform
VANCOUVER, British Columbia, Jun 07, 2001 (BUSINESS WIRE) -- June 07, 2001
Destiny Media Technologies, Inc. (OTCBB: DSNY) is pleased to announce that the
Clipstream(TM) and VideoClipstream(TM) playerless, java streaming technology has
been successfully tested on the Symbian Epoc emulator. Symbian is owned by
Ericsson (ERICY-Nasdaq), Motorola (MOT-NYSE), Nokia (NOK-NYSE), Panasonic and
Psion (PON-TSE). Symbian's mission is to set the standard for mobile wireless
operating systems and to enable a mass market for wireless information devices.
Destiny VP Sales, Mark Toffoli sees a large market for Clipstream within java
based wireless devices. "Unlike a player based streaming solution which is tied
to a particular computer operating system, Clipstream is compatible with a wide
variety of java devices. The emerging wireless market is a large opportunity for
us."
Symbian believes more than 600 million people will have mobile
communication/information devices by 2002. These will either be smartphones,
combining communication and PIM functionality, or more fully-featured wireless
information devices that will combine today's notebook, mobile phone and PDA in
a single unit. According to Symbian, EPOC32 has a number of characteristics -
modularity, scaleability, low power consumption, compatibility with RISC chips
like the StrongARM - that make it ideal for these devices.
In addition to the partnerships that Symbian has with its shareholders, Symbian
has close partnerships with the major players in the wireless industry,
including Oracle, Sun, NTT DoCoMO, and Sybase.
"It is difficult to create a codec which will work on the limited resource
environment of a portable device," explains Destiny president Steve Vestergaard.
"Most streaming codecs are too CPU intensive to work well on a portable device.
This barrier to entry means that there are few competitors in this space."
Many companies are working towards making Java a standard for wireless devices.
Japanese electronic control components maker Omron Corp. announced recently that
it has developed a microprocessor for cell phones that is 10 times faster than
existing processors. The chip, designed to process the flexible Java programming
language, was developed for third-generation (3G) mobile phones, which can
download mini Java programs from the Internet at transmission speeds six to 40
times faster than existing services. Omron aims to ship 10 million chips in two
years for 3G cell phones.
A proprietary technology developed by Destiny, the Clipstream(TM) product suite
enables the delivery of streaming media directly from a banner, e-mail or web
page without the need for an external player or plug-in. As a java-based
technology, Clipstream(TM) can be viewed by approximately 93% of web users,
whereas Current player based solutions such as Real Player (RNWK-Nasdaq) or
Windows Media Player (MSFT-Nasdaq) require special servers and external players.
Media Metrix reports show that only 40% of web users actually use the Real or
Microsoft media players Clipstream (TM) is one of the only streaming formats to
be readily accessible through firewalls and is natively supported by standard
HTTP serving infrastructure.
Destiny Media Technologies, Inc. (http://www.dsny.com) is a leader in developing
easy-to-use tools and enabling technologies to distribute digital media through
the Internet. The company's suite of streaming and downloadable products
includes: MPE(TM) (http://www.destinympe.com), a complete, secure media
distribution system that provides e-commerce and digital rights management
directly from within an MP3-compatible multimedia file; Clipstream(TM)
(http://www.clipstream.com), a java-based tool which enables web pages, e-mail
and banners to stream audio without the use of a player; Video Clipstream(TM)
(http://www.videoclipstream.com), a technology for embedding streaming video
into a web page or e-mail; and the RadioDestiny Broadcaster(TM)
(http://www.radiodestiny.com), which allows a user to webcast live or scripted
internet radio from a computer to anyone on the Internet. Established in 1991,
the company is headquartered in Vancouver, Canada.
For more information, contact:
Destiny Media Technologies, Inc.
Media:
Ed Kolic
Chief Operating Officer
604-609-7736 ext. 224
ed@dsny.com
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: This release contains forward looking statements that are subject to risks
and uncertainties, including, but not limited to, the impact of competitive
products and pricing, product demand and market acceptance, new product
development, reliance on key strategic alliances, availability of raw materials,
the regulatory environment, fluctuations in operating results and other risks
detailed from time to time in the Company's filings with the Securities and
Exchange Commission.
CONTACT: Destiny Media Technologies, Inc.
Ed Kolic, 604/609-7736 ext. 224
ed@dsny.com
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