FVCX
better take a long hard look at this one,
China's Largest Commercial Bank Selects FVC.COM Products for Interactive Video Network
SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 5, 1999--FVC.COM (Nasdaq:FVCX), the leading provider of networked video applications, today announced that the Industrial and Commercial Bank of China (ICBC) has installed and deployed an interactive video network that uses FVC.COM equipment to integrate voice, video and data.
The initial installation is in the Bank's worldwide headquarters building in Beijing, where it is being used for video conferencing and MPEG-2 video-on-demand applications. The network will be expanded to the main ICBC branch in Beijing, where a new state-of-the-art building is nearing completion. ICBC is the largest commercial bank in China and one of the ten largest banks in the world.
The two ICBC buildings are equipped with an IBM ATM backbone network to support the Bank's heavy use of video networking for decision support, remote meetings and distance training. More than 100 users at the headquarters building are video-enabled and up to 40 people can participate in one or more group videoconferences simultaneously.
The Bank's training staff can capture lectures or demonstrations, store them efficiently and access them later for instructional purposes. MPEG-2 video-on-demand allows employees to access these training materials at their desktops with guaranteed Quality of Service (QoS).
"Our customers recognize the benefits of leading-edge video networking solutions to enhance business performance," said Ralph Ungermann, Chairman of FVC.COM. "By leveraging FVC.COM equipment, ICBC will be able to substantially improve business communications and employee training."
ICBC will consider further expansion of its network once the new Beijing office has been completed.
About the Next Generation Internet (NGI)
The Next Generation Internet (NGI) is the new broadband Internet, being deployed by service providers and enterprises for the integrated delivery of voice, video, and data applications. A key characteristic of the NGI (http://www.ngi.gov) is the ability to handle multimedia applications such as real-time interactive video, as well as stored and live video-on-demand. FVC.COM utilizes its expertise in Internet application integration, Quality of Service (QoS), and video technology to deliver networked video over the NGI.
About FVC.COM
FVC.COM is the leader in video applications over the Next Generation Internet (NGI) and other types of networks. FVC.COM's products enable end-to-end video in a wide range of room and desktop environments for video applications such as distance learning, distance meetings, and distance medicine. Founded in 1993 by technology pioneer Ralph Ungermann, FVC.COM designs, manufactures and supports a full video networking product family that includes NGI Access devices, adapters, gateways and video storage servers.
FVC.COM's distribution and system integration partners include leading telecommunication and networking companies throughout the world, such as Ascend Communications (Nasdaq:ASND), Bell Atlantic Network Integration (NYSE:BEL), British Telecommunications plc (NYSE:BTY), EDS (NYSE:EDS), IBM (NYSE:IBM), Lucent Technologies (NYSE:LU), NEC (Nasdaq:NIPNY), and Nortel (NYSE:NT). Further information about the company is available at fvc.com.
Cautionary Statement
Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, "believes," "anticipates," "expects" and words of similar import. Such forward-looking statements will have known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of FVC.COM, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: FVC.COM's limited operating history and variability of operating results, market acceptance of video technology, dependence on ATM backbone technology and the Next Generation Internet, potential inability to maintain business relationships with distributors and suppliers, rapid technological changes, competition in the video networking industry, the importance of attracting and retaining personnel, management of FVC.COM's growth, consolidation and cost pressures in the video networking industry, dependence on key employees and other risk factors referenced in FVC.COM's Registration Statement on Form S-1, File No. 333-38755, declared effective on April 29, 1998.
CONTACT:
FVC.COM
Mindy Howe, 408/567-7200
mhowe@fvc.com
or
Fleishman-Hillard
Aaron Feigin, 415/356-1033
feigina@fleishman.com
KEYWORD: CALIFORNIA
BW1092 JAN 05,1999
5:21 PACIFIC
08:21 EASTERN
|
