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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: roy whitt who wrote (6236)	12/8/1999 7:50:00 AM
From: Buckfa	Read Replies (1) \| Respond to of 6297

News with at least SOME substance! I wonder if this was the reason for the recent spike in volume the last couple of days....probably not. BTW is MPEG a "leader in MPEG compression systems"? LOL! Buckfa Korea's New Inchon International Airport Purchases InnovaCom's TransPEG System Passenger Terminals to Install Video Transmission System SANTA CLARA, Calif.--(BUSINESS WIRE)--December 8, 1999-- InnovaCom, Inc. (OTCBB:MPEG - news), a leader in MPEG compression systems technology, announced today that authorities at Korea's Inchon International Airport have purchased the company's TransPEG(TM) 500TM video transmission system -- running over ATM. InnovaCom's system was chosen by airport officials to enable the expansion of the airport's General Public Communications System (GPCS) and will be installed in the main passenger terminal. InnovaCom's TransPEG equipment provides the state-of-the-art facility with advanced video communications designed to deliver the highest quality output. Video is delivered via the Satellite Communication System (SATCOM) to TransPEG and is then fed, in MPEG-2 format, to the ATM network from the Airport Information Communication Center (AICC) to the CATV head-ends located in the passenger terminal buildings. Inchon International Airport's main passenger terminal building, scheduled for completion in June 2000, will be the world's largest airport passenger terminal -- 60 times larger than a U.S. football field. The new airport will contain two passenger terminal buildings and four concourses. InnovaCom utilizes standards-based technologies that have met the airport's rigorous demands for quality, reliability and value. Seven competitive systems were tested and InnovaCom's TransPEG was selected because it represented the best overall quality and value, according to Inchon International Airport authorities. ''InnovaCom focuses on providing reliable video solutions that allow users to cost-effectively implement new services across broad geographic areas. Our innovative designs, using highly-integrated hardware and software, enable video networking solutions that solve both equipment and implementation cost problems for mass market deployments,'' comments Frank Alioto, President and CEO of InnovaCom. ''We are extremely pleased to extend our relationship with Inchon International Airport and look forward to providing leading video compression equipment solutions for the airport's expanding service offerings. In addition, we anticipate an extremely fruitful and long-term relationship with the new Inchon International Airport.'' Inchon International Airport will commence initial operations in January 2001. As the new airport is being built on reclaimed tidal land, construction costs are relatively lower than other airports. Therefore, the new airport will provide the highest quality services at lower landing fees. Inchon International Airport, located in Seoul, will be positioned as one of the world's leading airports with cutting-edge facilities. InnovaCom, Inc. is a Silicon Valley manufacturer of video compression based transmission and DVD PreMastering Systems, and was recently nominated for AV Video's prestigious 2000 Platinum Award. The company's MPEG-2 based product line targets the digital television, communications and DVD production marketplaces. InnovaCom, Inc. is located at 3400 Garrett Drive, Santa Clara, California, 95054. For more information, please call 408/727-2447 or fax 408/727-6625 or visit the company's website at www.transpeg.com or www.dvdimpact.com. For Investor Relations information, call 888/464-6734 or email investorinfo@transpeg.com. This press release contains forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statement. Factors that might cause such a difference include, but are not limited to, the factors set forth under ''Risk Factors'' in the company*s registration statement on Form SB-2. Readers should not place undue reliance on forward-looking statements, which only reflect the view of management as of the date hereof. The Company does not undertake the obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission.