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Technology Stocks : Front Porch Digital (FPDI)

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To: leigh aulper who started this subject12/10/2002 9:34:38 AM
From: leigh aulper   of 20
 
Front Porch Digital Signs Development Contract with Microsoft Corporation; VAST Expands Presence in Broadcast Market
Tuesday December 10, 8:05 am ET

NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- Front Porch Digital Inc. (OTC Bulletin Board: FPDI - News) today announced that it has signed a technology development contract with Microsoft Corporation to enhance the utility of the Windows Media 9 format for Broadcast applications. The agreement, which will involve considerable extensions to the Windows Media 9 format, is a direct result of Front Porch Digital's expertise in the area of digital video for Broadcast Production and Workflow.
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Broadcast feature augmentations connected to the WM9 codec are the focus of the contract. The embellishments are expected to result in increased utilization of the format for the capture, storage, editing, repurposing and delivery of video. Applications range from Air Check, Broadcast Productions, Backhaul Delivery, Editing, On-air Playout and Digital Dailies.

FPDI's proprietary VAST(TM) technology will be greatly enhanced by the addition of Windows Media 9 features. The VAST architecture currently features a single capture, multi-repurpose process that simplifies digital content archiving. The VAST integrated workflow incorporates BitStorm® and BitScream®, the Company's core technologies for ingest and transcoding, with best-of-breed indexing, storage and asset management.

"Front Porch Digital is an established leader in the world of combined Digital Video Storage Management and Format Interoperability," said Don Maggi, CEO of Front Porch Digital. "Exploiting the rich video feature set within Windows Media 9 and addressing format specific pain points for broadcasters will help us solidify this position. This program will boost the acceptance of VAST in the Broadcast space, and add significant interoperability, editing, delivery options and functionality to Front Porch Digital's proprietary technology."

"We are excited to apply our expertise to the further development of Windows Media 9 Video," said Dr. Jay Yogeshwar, CTO of Front Porch Digital. "We believe such market specific feature and interoperability enhancements will accelerate the possibility of a single video format to power the Broadcast value chain."

About Front Porch Digital: Front Porch Digital Inc. (www.fpdigital.com) is transforming the digital world by developing unique software and services that convert audio, video, images, text and data into digital formats that enable searching, browsing, editing, storage and on-demand delivery of content in nearly any other digital format through a single capture. To join Front Porch Digital's investor e-mail list, please complete the form found at fpdigital.com.
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