RealNetworks Chief Engineer Joins ISEE3D Internet Board
May 28, 1999 08:30 AM
BURNABY, British Columbia--(BUSINESS WIRE)--May 28, 1999--ISEE3D Inc. formerly International Telepresence (Canada) Inc., is pleased to announce the addition of Alan Lippman, current Chief Engineer of RealNetworks Inc., to its Internet Advisory Board.
Mr. Lippman will replace Gary Oberman who has become President and C.O.O. of the company.
"The addition of Alan Lippman to our Advisory Board represents the acceptance and validation of our Internet product and is a significant achievement for ISEE3D," said Oberman. "Mr. Lippman's desire to work closely with us to launch and mass market the world's first streaming 3D product is not only confirmation of the viability of our technology, but also puts us well ahead of schedule in that process," concluded Oberman.
Mr. Lippman, Chief Engineer of RealNetworks Inc., has been with RealNetworks, the world leader in streaming media, since the first beta of Real Audio 1.0 in 1995. Since leading development of the RealAudio 1.0(r) and RealAudio 2.0 codecs he has been constantly involved with improving the quality of streamed audio and video over the web. His most recent work has been on Scalable Video technology, available in the latest release of the RealProducer(tm) Plus G2.
Mr. Lippman graduated in 1986 from Brown University, with a Ph.D. in Applied Mathematics. His academic papers ranged from work on speech recognition and image processing to his 1995 co-authored paper, "Non-parametric multivariate density estimation: A comparative study," which received the IEEE signal processing society best paper award. He is currently a member of the IEEE Signal Processing Society Technical Committee on Multimedia Signal Processing.
"I am extremely excited to join the Advisory Board of ISEE3D Inc., I feel that the technology is leading edge and has excellent prospects to provide a powerful enhancement of the streaming video experience on the Internet," said Mr. Lippman.
ISEE3D Inc. is a leading pioneer in 3D imaging over the Internet with proprietary technology and multiple applications in the medical, scientific and entertainment fields. RealNetworks, Inc. RNWK , based in Seattle, is the pioneer and established market leader in streaming media technology on the Internet. RealNetworks software systems have become by far the most pervasive method of streaming media on the Internet. There are now more than 60 million registered unique users of RealPlayer(r), allowing the RealPlayer to enjoy the largest absolute growth of any consumer desktop application in 1998, according to Media Metrix.
The company also announced that it has authorized a compensation package to the Advisory Board members for their critical role in having successfully launched and directed the company's Internet business, and for their continued commitment and guidance. The package in total is valued at 1.2 million shares and 1.5 million options ranging from $2.00-$6.00 per share exercisable over a number of years.
The common shares of the Company are available for trading through the facilities of the Canadian Dealing Network, Inc. The trading symbol is 'ITLP'. The number of issued and outstanding shares, as of May 26, 1999, was 53,240,047.
RealNetworks and RealPlayer are trademarks or registered trademarks of RealNetworks, Inc. All other companies or products listed herein are trademarks or registered trademarks of their respective owners.
The Canadian Dealing Network, Inc. has neither approved nor disapproved the contents of this news release.
|
