And here's the news - 3D MPEG for G2
TELEPRESENCE(R) AND DIGITAL BITCASTING CORPORATION TO CO-DEVELOP
WORLD'S FIRST STREAMING "LIVE 3D" MPEG VIDEO APPLICATION FOR
REALNETWORK'S REALPLAYER(TM) G2
RealNetworks Conference and Exhibition '99 - International
Telepresence (Canada) Inc. (ITLP) today announced a major
agreement in its effort to make live streamed "3D MPEG video" a
mainstream application over the Internet.
ITLP announced at the RealNetworks Conference and Exhibition in
San Francisco, its co-development and co-promotion agreement with
Digital Bitcasting Corporation (Bitcasting) for a standard
plug-in and server module to support streaming "3D MPEG VIDEO" in
RealSystem(TM) G2. RealNetwork's RealPlayer(R) has been
downloaded by more than 60 million registered users.
According to Dataquest's Sujata Ramnaryan, "the expected market
for streaming video is to grow to $1.4 billion worldwide in 2002.
As of 1998, 9% of U.S. organizations are using streaming video
and audio on their Web sites for various applications. This is
expected to grow to 25% to 30% in the next two years."
Bitcasting, located in Salem, Massachusetts, is the established
provider of MPEG streaming solutions for RealSystem(TM) G2.
Bitcasting's product solutions include MPEG by Bitcasting
client-server software that enables streaming of MPEG-1, MPEG-2
and MP3 audio over the RealSystem(TM) G2 architecture.
Applications include corporate communications, distance learning
as well as news and entertainment for high-speed Internet and
corporate Intranet networks.
"Our mission is to produce mainstream MPEG solutions which make
high quality multimedia easy to create, distribute and play" says
Bitcasting president Peter Dougherty.
William Henry, ITLP's Chief Technical Officer notes, "The demand
for streaming media and the exponential growth of high speed
Internet access underlines the need for companies like ITLP to
produce alternative media formats. This positions ITLP to become
the de-facto standard for 3D streaming of all video content on
the Internet, and we believe that there is a tremendous demand
and a variety of applications for our high quality 3D video."
concluded Henry.
When released, the 3D Display Application will employ ITLP's
patented 3DConverter to facilitate direct Internet access to live
and on demand streamed real 3D video applications.
ITLP is a leading 3D imaging company with proprietary medical,
scientific, entertainment and Internet applications.
Digital Bitcasting Corporation is the emerging leader in MPEG
solutions for networked multimedia applications. Its Web site,
www.bitcasting.com offers online demonstrations of streaming MP3
audio and MPEG video.
RealNetworks, Inc., based in Seattle, WA, is the recognized
leader in the streaming media market.
ITLP's common shares are available for trading through the
facilities of the Canadian Dealing Network Inc. There are
37,294,721 shares issued as of April 28, 1999.
The Canadian Dealing Network Inc. has neither approved nor
disapproved the contents of this release.
Contact: Nigel Horsley (604) 444-4222 nigel@telepresence.ca
8607 Commerce Court,
Burnaby, British Columbia
Canada V5A 4N6
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