Hey, Murphy--
Here are the full details, in case you (or anybody else) wasn't able to find it yet:
>>MYSTIC, CONN. (May 12) BUSINESS WIRE -May 12, 1999--USA Video Interactive (NASD: USVO; ASE: US;www.usvo.com) and UUNET (www.uu.net), an MCI WorldCom Company (NASDAQ: WCOM), have agreed to collaborate in providing an overall package of Internet services as part of USA Video Interactive's "turnkey" system.
USA Video Interactive will begin offering UUNET's Direct Subscriber Line (DSL) technology and various other high-speed lines to its clients whose Video-on-Demand(tm) requirements include Internet access and transmission.
The companies also have entered into a non-binding Memorandum of Understanding that could lead to USA Video Interactive's establishing co-location space with the UUNET network. The companies will explore establishing USA Video Interactive as a "channel partner" of UUNET whereby USA Video Interactive would provide UUNET's customers with its patented Video-on-Demand services.
USA Video Interactive is an international designer and supplier of high-tech Video-on-Demand(TM) systems and services. The USA Video Interactive technology allows users to view streaming video or to access digitized video libraries, including movies, sports, other entertainment, educational resources, corporate training seminars and other archives. The USA Video Interactive technology gives users full-motion video; the unique flexibility of standard, VCR-like controls of play, fast forward, reverse and pause; and it uses a standard internet-browser format for access.
USA Video Interactive can utilize MPEG-1, MPEG-2 or MPEG-4 compression techniques but prefers its Wavelet technology. The USA Video Interactive Wavelet technology allows direct streaming and download & play options; provides video images significantly faster and at a higher degree of resolution than previously available methods; significantly overcomes bandwidth restrictions; and eliminates the blockiness and slowness of current technologies, all at a lower cost. It allows extremely high compression ratios while retaining broadcast quality, an essential feature of the USA Video Interactive technology. USA Video Interactive Corp. US Office: 70 Essex Street;Mystic, CT 06355; (800) 625-2200; (860) 572-1560.<<
IMHO, an excellent release, one pointing to a bright future, while containing precious few details of the ramifications. We are left to draw our own conclusions, and my conclusion is simple:
THIS IS HUGE!!! <ggg> USVO is going places, and I am very glad to be on board!
Cheers!
Rick |
