Big news today, and Wavephore is soaring:
HARRISON, N.Y., and PHOENIX, Sept. 17 /PRNewswire/ -- Standard & Poor's
ComStock, a leading provider of real-time quotes and financial data, signed an
agreement with WavePhore, Inc. (Nasdaq: WAVO), a world leader in data
broadcasting, to provide a high-speed satellite network solution for Standard
& Poor's ComStock customers. Using WavePhore's advanced satellite technology,
Standard & Poor's ComStock will increase the capacity of its satellite network
from 19.2 kbps (kilobits per second) to 384 kbps, with a future option of up
to 512 kbps.
Microspace Communications of Raleigh, NC, whose uplink facilities feature
a state-of-the-art infrastructure, full fault recovery systems, network
redundancy and a dedicated backup uplink site, will act as a subcontractor to
WavePhore, providing space segment and uplink services. WavePhore will
provide advanced digital satellite receivers, network management, installation
and maintenance services, and overall management for the new network.
Standard & Poor's ComStock's enhanced satellite network will provide
customers with the ability to receive an even greater volume of data at a
faster speed than the currently operating system. In addition, the new
network features delivery via 9 channels or "ports," which allows for flexible
data delivery. With this enhanced satellite network, customers will be able
to receive new data products and services without any service interruption,
equipment change or technician visit. All future enhancements to customers'
services will be made by Standard & Poor's ComStock over this network.
Standard & Poor's ComStock selected WavePhore because of its proven track
record of providing state-of-the-art, reliable data broadcasting services.
Under the terms of the agreement, WavePhore will be responsible for providing
their new state-of-the-art variable bit rate SCPC satellite receiver, as well
as installation, maintenance, and ongoing support of the satellite service.
Together, ComStock, WavePhore and Microspace will provide 24-hour network
monitoring and management of the satellite service. This service includes a
customer ticket tracking service and permissioning system on site at Standard
& Poor's ComStock, which guarantees the best possible customer service, and
improved response times.
"WavePhore's satellite network is enabling us to take a significant step
forward in our data delivery operations," said Daniel Connell, president of
Standard & Poor's ComStock. "Through this powerful, flexible and reliable
network, we intend to provide our customers with the best possible support,
and lead them into the next generation of our products and services.
"We are very pleased that Standard & Poor's ComStock has chosen WavePhore
as its communications partner in building its new, state-of-the-art satellite
network," said David E. Deeds, Chairman and CEO of WavePhore, Inc. "We
consider this a validation of the technology leadership WavePhore has attained
in the data broadcasting marketplace."
Standard & Poor's ComStock's conversion to the new satellite system will
begin this November. Currently more than 60 percent of Standard & Poor's
ComStock's customers receive real-time data via satellite. Delivery of
Standard & Poor's ComStock's real-time financial data is available to
customers through satellite, dedicated phone line, cable TV, or the Internet.
WavePhore (Nasdaq: WAVO) provides data broadcasting services and equipment
to leading companies in the information industry using small-dish satellite,
television vertical blanking interval (VBI), FM subcarrier, and TVT 1/4 in-
band technologies. WavePhore also provides continuing support and enhancement
of the Intercast medium offered by Intel and the Intercast Industry Group, and
is an associate member of that group. Additional information about these
products and WavePhore is available on the Internet at
wavephore.com, as well as directly from the company.
Standard & Poor's ComStock is a premier real-time market data provider and
leading data redistributor, delivering information from more than 125 sources
and exchanges worldwide. Standard & Poor's ComStock's extensive data
coverage includes equities, options, futures, commodities, foreign exchange,
analysis and news. Standard & Poor's ComStock can be found on the Internet at
spcomstock.com.
Standard & Poor's ComStock is a unit of Standard and Poor's, which is a
division of The McGraw-Hill Companies (NYSE: MHP). ComStock has been
providing service to the global financial community for more than 35 years. |
