MAXVU SIGNS 20th CENTURY FOX TO VIDEO STREAMING PROJECT APPLICATION.
Hyperdynamics to be exclusive fulfillment Center for hosted services
(HOUSTON, TX)--Jan. 7, 2002-HYPERDYNAMICS CORPORATION, (OTC BB: HYPD), the premier Integrated Technology Service Provider (ITSP(TM)), today announced that it has been chosen as the exclusive video streaming fulfillment center for the MaxVU video streaming project with 20th Century Fox.
MaxVU was recently awarded a contract to stream 79,000 minutes per month of video content for Fox SearchLabs. MaxVU will utilize its’ "Plug-n-Stream" product with "Allband™" Optimization to enable Fox to deliver high quality video content over both broadband and narrow band communications. As the exclusive hosting center for this content streaming, HyperDynamics will allow Fox SearchLabs to quickly benefit from MaxVU’s cost effective and integrated solution.
The contract with 20th Century Fox represents the first major client for MaxVU’s state-of-the-art video streaming products and the first large win for the MaxVU and Hyper Dynamics alliance. It validates the technology of the MaxVU offerings to a market for streaming media services that are projected to grow to $2.5 billion by 2004 with an annual growth rate (AGR) of 138% according to Jupiter Research.
"MaxVU's Plug-n-StreamTM product line combining both hardware and software optimization is a significant departure from existing products in the market. Our AllbandTM Optimization allows superior quality audio and video images to be streamed over very narrow bandwidths. The alliance with HyperDynamics gives us the capability to deliver premium hosting and broadband services to our clients. The combination of MaxVU’s products with HyperDynamics' hosting services represents a powerful solution that can be immediately utilized by the entertainment, distance education, medical, video conferencing and video surveillance industries," said Gregory Demetriades, CEO of MaxVU, Inc.
"I am not aware of any products in the market that can match MaxVU's capabilities at such narrow bandwidths. We are very excited about servicing a market with such high potential for fast growth. HyperDynamics' outsourced hosting services allow MaxVU to concentrate on their core competencies, ultimately maximizing revenues for both companies." said Bob Hill, senior vice president of HyperDynamics. Mr. Hill further stated that… "The Fox/MaxVu relationship is expected to significantly enhance the fulfillment of our previously stated revenue goals with MaxVu of $250,000 annually. This milestone is scratching the surface of a huge multi-million dollar revenue potential for integrated video streaming services." |
