SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 29, 2001--e-VideoTV Inc. (OTC BB: EVTV), Friday announced that it has entered into an exclusive agreement with USA Video Interactive Corp. to license its digital video delivery patent for all applications involving Set-Top-Boxes with hard drive content storage used in the United States.
Charlie Weber, president and chief executive officer, (past president of Lucas Films) stated, "Our exclusive licensing of the USA Video patent covers the downloading (caching) models for compressed content delivered to a Set-Top-Box. This patent complements our exclusive Macrovision (NASDAQ:MVSN) copy protection license for the USA."
Operations and products involving cable, satellite, DSL and broadband transmissions are eligible for licensing through e-VideoTV. All Set-Top-Box makers currently developing home receivers with caching hard drives are targets for licensing. Current industry research indicates Set-Top-Boxes with hard drive storage is expected to rapidly expand for VOD applications.
"This U.S. patent is considered a pioneer patent in the field of video-on-demand and Internet video, and has been cited by at least 145 other patents," stated Ed Molina, CEO, USA Video Interactive.
e-VideoTV Inc. has the exclusive rights to license Macrovision analog copy protection for all US VOD operators transmitting content to digital Set-Top-Boxes in Faster-Than-Real-Time (FTRT). The company believes that both technology licenses will be required to effectively deliver and protect content for VOD operations throughout the United States.
e-VideoTV Inc. will market to both operators and Set-Top-Box makers to jointly license both technologies for all caching VOD operations. Current industry information indicates that there will be approximately 1 million caching Set-Top-Boxes deployed by the end of 2001.
The company fully expects the caching model to dominate all future VOD operations in the United States and believes it has placed itself in a valuable strategic position to enhance the industry.
About e-VideoTV Inc.
e-VideoTV Inc. is a licensor of VOD technologies including copy protection and its own pre-caching VOD delivery technology currently under patent-pending.
As the exclusive licensor of Macrovision Corp.'s copy protection technology for all FTRT applications, the company owns the sole exclusive license to turn on Macrovision's copy protection circuit used and embedded in all set-top-boxes in the United States for video received in Faster-Than-Real-Time (FTRT) and stored for future viewing.
The company licenses the use of FTRT copy protection to both manufacturers and system operators. Macrovision owns an equity interest in e-VideoTV Inc. The company believes that its electronic entertainment distribution methodology is the future of entertainment on request. Please visit our Web site at www.e-videotv.com.
About USA Video Interactive Corp.
USA Video Interactive (OTC BB: USVO) is an international designer and supplier of high-tech Internet streaming video and video-on-demand systems, services and innovative end-to-end solutions. Its StreamHQ(TM) media delivery services are focused on creating revenues for customers and reducing their Internet costs.
StreamHQ(TM) encompasses the entire media experience from source to viewing, including content production; content encoding; asset management; media and application hosting; multi-mode content distribution; and transaction data capture, reporting and analysis. StreamHQ(TM)'s design leverages the capabilities of the Internet while bypassing its latencies, with high availability, reliability, flexibility, scalability and cost-effectiveness.
USVO holds the pioneering patent for store-and-forward video, filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992. It has been cited by at least 145 other patents. USVO holds similar patents in England, France, Spain, Italy and Germany, and has patents pending in Canada and Japan.
The USVO patented video technology gives users full-motion video; the flexibility of standard, VCR-like controls; and the convenience of a standard Internet-browser format for access.
It provides video images significantly faster and at a higher degree of resolution than with previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies.
USVO is developing patented Wavelet compression technology that will further enhance the company's ability to deliver unique capabilities as part of StreamHQ(TM). For more information, visit www.usvo.com
Safe Harbor Statement
All statements contained herein, as well as oral statements that may be made by the company or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, constitute "forward-looking statements" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.
Such risks and uncertainties are outlined in the company's Annual Report on Form 10-K for 1999 as filed with the Securities and Exchange Commission. The company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
CONTACT:
e-VideoTV Inc., Scottsdale
Andrew Saksa, 480/778-1499
E-mail: info@e-videotv.com |
