OBAS Up 90% today. Sure feels good when you have been looking at these type of companies for awhile but have your CUBE blinders on and never jump in. Argghh!!!
Optibase Inks Agreement with Cisco Systems to Bring High Quality Video
Streaming to Enterprise Customers
Parties Sign OEM Agreement for Integration and Supply of Optibase's MPEG MovieMaker (TM) 200 MPEG-2 Encoder with
Cisco's IP/TV(TM) Solution
SAN JOSE, Calif., Nov. 15 /PRNewswire/ -- Optibase (Nasdaq: OBAS - news) today announced an OEM agreement with Cisco Systems (Nasdaq: CSCO -
news) under which Optibase will supply its MPEG MovieMaker 200 MPEG-1 and -2 encoding solutions for Cisco Systems' IP/TV solution. According to the terms
of the agreement, Cisco will integrate Optibase's MPEG digital video hardware using Optibase's Progression(TM) Software Development Kit (SDK) with Cisco's
IP/TV 3400 Broadcast Servers and will retain nonexclusive rights to promote, market, resell and distribute the technology. In addition, Optibase's Videoplex
XPress(TM) is used as the MPEG hardware decoder for Cisco's IP/TV 3.0.
IP/TV is a complete network video solution that combines a family of high performance servers with client-server software. It transmits live and pre-recorded video
to desktop PCs over IP networks. Integrating Optibase's digital video products with Cisco's IP/TV 3400 Broadcast Servers allows efficient streaming of high quality
video over networks while conserving bandwidth. IP/TV distinguishes itself by offering TV-quality video, built-in scalability, comprehensive management, personal
program listings, and network-friendly technologies such as IP Multicast. News and information are available at cisco.com.
Bob DeFeo, President of Optibase, Inc., said ``We are very excited to have Cisco as an OEM partner. The combination of Optibase's MPEG digital video
technology and Cisco's IP/TV is the ideal solution for business customers who wish to deliver high quality video across the enterprise. Our work with Cisco
showcases Optibase's competence in the digital video networking arena, and demonstrates our commitment to becoming the premier provider of media streaming
solutions for the network infrastructure.'
The Optibase MPEG MovieMaker 200 is a single-board MPEG-1 and MPEG-2 real-time encoder which supports the entire spectrum of video and audio
encoding, from MPEG-1 through high-end MPEG-2 encoding. By using Progression(TM), Optibase's software toolkit, developers can easily integrate and
customize Optibase products to fit applications requiring transmission of high quality video at low to medium bandwidths, such as streaming video over intranets,
video networking and medical imaging.
About Optibase
Optibase provides high-quality, cost-effective solutions that enable the preparation and delivery of MPEG-based digital video over ATM and IP-based networks.
Based on the company's expertise in both MPEG and network technologies, Optibase has created a suite of products used in applications such as digital video
archiving, distance learning, business television and content creation
For more information contact: Optibase, Inc., 3031 Tisch Way, Plaza West, Suite 1, San Jose, CA 95128, or call 408/260-6760, 408/244-0545, fax, or visit
www.optibase.com.
Certain matters discussed in this news release are forward-looking statements regarding the integration of Optibase's products with those of Cisco and the future of
the Optibase-Cisco relationship. These forward looking statements involve a number of risks and uncertainties including, but not limited to, risks in product
development plans and schedules, risks related to dependence on third-party distribution and marketing channels, rapid technological change, changes and delays in
product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales
cycle, dependence on third parties to manufacture products, general economic conditions and other risk factors. For a more detailed discussion of these and other
risks facing Optibase, please refer to our Optibase's Registration Statement on Form F-1 filed with the United States Securities and Exchange Commission.
NOTE: MPEG MovieMaker and Progression are trademarks of Optibase. Cisco Systems and IP/TV are registered trademarks of Cisco Systems, Inc. All other
products are trademarks of their respective owners
SOURCE: Optibase, Inc. |
