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Presently trading at 7/8 by 31/32...all SEC filings and add'l releases avail at Yahoo. Nice release today. Do your own dd: Strategic Alliance Between Tektronix/Accom Provides Total Production Solution Pact Integrates Award-Winning Accom Digital Video Effects, Award-Winning Grass Valley Switchers BEAVERTON, Ore. and MENLO PARK, Calif., June 23 /PRNewswire/ -- Two world leaders in digital video technology, Tektronix, Inc. (NYSE: TEK - news) and Accom, Inc. (OTC Bulletin Board: ACMM - news), today announced an OEM alliance that will provide customers a robust choice of high-quality effects systems from Grass Valley(TM) Products. The alliance includes an OEM agreement under which Tektronix will integrate Accom's DVE products with market-leading Grass Valley switchers for a total production solution. The pact also includes the marketing, distribution, and service of Accom DVEs through Grass Valley Products sales and service organizations. Beginning June 28, Grass Valley Products will brand and sell Accom Dveous(TM) products as part of a worldwide, non-exclusive distribution agreement. The DVE products join the existing Grass Valley Krystal(TM) line, providing customers a robust choice of high-quality effects products. ''In an industry such as ours, the availability of a total production solution is key. Grass Valley Products recognizes that, for logistical and support reasons, many customers prefer to buy certain groups of products from a single source -- and that a switcher/DVE combination is one of them. Accom and Grass Valley product lines have a natural synergy that will provide a strategic competitive advantage to our customers,'' said Tim Thorsteinson, president of the Tektronix Video and Networking business unit. ''We are very pleased that Grass Valley Products has chosen to incorporate the Dveous DVEs in their product line,'' said Junaid Sheikh, president and CEO of Accom. ''Our customers win because they get the best of breed in switchers and DVEs from a single source. This alliance also strengthens Accom's position in the industry as the premier manufacturer of DVEs. We are extremely excited about developing and bringing new DTV effects products to the market in the future.'' Under terms of the alliance announced today, Grass Valley Products will market the Dveous product under the GVeous(TM) brand name. The Dveous DVE is the de facto standard for production and broadcast facilities and is widely used on many broadcast remote trucks. Dveous usage includes ABC, NBC, CBS, CNN and FOX networks. The GVeous DVE is a twin channel product that can function as either two videos, or a video plus key plus full-bandwidth SuperShadow. Grass Valley Products will also offer Accom's Brutus option to the GVeous product. The Brutus option is a quad twin-channel DVE which uses an innovative combiner chassis to control two complete DVEs through a compact control panel. It has the power/performance characteristics needed for achieving today's top levels of live and post-production creativity. Users can easily upgrade the GVeous product to the Brutus DVE using an additional GVeous chassis and a Brutus combiner chassis. GVeous systems may be ordered through the Grass Valley Products sales force and are available for immediate delivery. As part of the agreement with Accom, Grass Valley Products will also provide all the after sales service and support just like other Grass Valley products. Advanced Production Switcher Technology Many customers have already taken advantage of the recent engineering advances produced by Tektronix and Accom. The Grass Valley Control Point Language (CPL) links Accom DVEs to the Grass Valley(TM) 4000 and 2200 production switcher lines. The interface integrates the DVE effect into the switcher's effect timelines for automated or manual control of the effect, with the ability to align effects easily using the switcher's Time Align feature. About the Companies Accom, headquartered in Menlo Park, California, designs, manufactures, sells and supports a complete line of digital video production, recording and editing tools, and the ELSET virtual set systems, for the worldwide professional television production, post production, broadcasting, and computer video marketplace. Whether it's distributing video over the air, through digital broadcast facilities and across standard data networks, or providing the industry's best video storage or production products, Tektronix has the digital solution. Tektronix continues its video industry leadership with new Profile® and Grass Valley products to enable video professionals to realize the full potential of going digital. Tektronix is a portfolio of measurement, color printing and video and networking businesses dedicated to applying technology excellence to customer challenges. Tektronix is headquartered in Wilsonville, Oregon, and has operations in 26 countries outside the United States. Founded in 1946, the company had revenues of $2.1 billion in fiscal 1998. NOTE: Tektronix and Profile are registered trademarks and Grass Valley, GVeous and Krystal are trademarks of Tektronix, Inc. Accom and Dveous are registered trademarks of Accom, Inc. Brutus is a trademark of Accom, Inc. All other trade names referenced are the service marks, trademarks, or registered trademarks of their respective companies. SOURCE: Accom, Inc. Accom(R) Attache(TM) Goes on the Road for NBA MENLO PARK, Calif., June 11 /PRNewswire/ -- Accom, Inc. (OTC Bulletin Board: ACMM - news) announced that Turner Sports chose Accom's APR.Attache Digital Disk Recorder (DDR) as their travel remote digital disk graphics device for use on their 1999 National Basketball Association (NBA) regular season and Playoff telecasts. Turner Sports presently utilizes five Attache systems for their remote NBA broadcasts. ''Video and Key elements are grouped together when items are recalled, which makes the Attache very user friendly,'' said Dave Laba, Technical Administrator for Turner Studios Engineering. ''For live sports coverage on the road, it is essential that we utilize a quick setup, easy to use DDR system that will offer video, linear key with audio graphics. We also chose Attache because of its excellent reliability record. For each of our games, the Attache arrives, plugs in, powers up and is ready for pre-production and on-air. We are extremely pleased with its performance.'' Synchronized Video (V) + Key (K) + Audio (A) opens bumpers and transition clips using linear keys with soft edges and transparencies or ''see-throughs'' provide, a look not possible with old style ''video-over-superblack'' elements usually played from tape or other video-only clip devices used on remotes. Attache is the first DDR to offer a real VTR-Style operator's control panel. For the broadcaster, the Attache provides a versatile, uncompressed Video+Key+Audio playout device that provides ultra-high quality playback for on-air station logo and graphics applications -- all at the lowest price possible. According to Tom Cox, Senior Director of Remote Operations for Turner Sports, ''We've taken the Attache through all of the tests for the NBA and it performed well. We've been satisfied with its reliability and it has certainly done what we expected.'' Turner Sports also uses Attache for their Atlanta Braves remote series broadcasts. ''We chose the Attache because of its fully uncompressed, 601 input/output as well as its compact chassis which travels well. No one else offered this. The Attache has proven to be very user friendly, said Tom Sahara, Senior Technical Manager for Turner Sports. ''The Attache allows us to stay consistent with our unique graphics approach from telecast to telecast. It gives us linear key and digital picture right from the truck without any degradation. As far as we are concerned, the Attache is presently the best tool for the job,'' commented Skot Linder, Design Director for Turner Sports. NBC is also using APR.Attache for their NBA playoff coverage as they did last year. APR.Attache offers a choice of either 8-bit or 10-bit video recording resolutions, PostRead for confidence record and real time program delay recording, along with the availability of Accom's unique KeyTrack(TM) option. With over half an hour of uncompressed digital video and audio storage, Attache delivers the most features with the highest performance of any DDR. About Accom Accom Receives Three Awards at NAB '99 MENLO PARK, Calif., May 11 /PRNewswire/ -- Accom, Inc. (OTC Bulletin Board: ACMM - news) today announced that it was selected for three awards at NAB '99. The first award from Television Broadcast Editors' Pick of Show award recognized Accom's recently launched ELSET®Live-NT(TM) Virtual Set System, which was shown running on the new Silicon Graphics® NT visual workstation. The second award from Post Magazine recognized the Abekas Dveous V. 6.0 with Orbital Effects. The third award from Film & Video recognized Accom in their Post Production survey as Quality Leader for 1998. The Television Broadcast Editors' Pick of Show award is selected by a team of magazine staff and contributing editors. Only professionals in the field served by a product or technology can vote for a product or technology to be Pick of Show. ELSETLive-NT, the newest edition to Accom's ELSET family, is a 3D virtual set solution with robust features such as live video I/O, Distance Key, Infinite Blue Box(TM) and of course, ELSET picture quality available for under $100,000. ''Accom and SGI have teamed up to bring the cost of virtual set technology within the reach of more potential users through the ELSETLive-NT Virtual Set System,'' said Michael Silbergleid, Editor-in-Chief of Television Broadcast magazine and the head of the Pick of Show team. The Post Awards, now in their eighth year, are voted on by the readers of Post magazine who are involved in using these various products as part of their livelihood. The products nominated by the readers are either new or newly upgraded and are actually in use. Abekas Dveous V. 6.0 with Orbital Effects is the latest technological advancement in Digital Video Effects (DVEs). Version 6.0 Orbital Effects software provides new methodologies in the creation of digital effects with the addition of internal software oscillators that automatically determine coordinates of smooth orbital effects. ''The Abekas Dveous V. 6.0 with Orbital Effects won because a majority of our readership has been using it in a real-world atmosphere and feel it's the strongest product in the category,'' said Randi Altman, editor-in-chief of Post magazine. The Film & Video 1999 Quality Leader award is based on manufacturer ratings supplied by over 200 top post-production facilities. Scenic Wonders, Inc., an industry business information firm located in Madison, WI. was commissioned by Film & Video magazine to conduct the 1999 post-production survey. This prestigious award is based on a company's performance in product or service quality ratings. Accom was rated #2 in service quality and has won this award three years in a row. ''It is a testament to Accom's consistent focus on quality that they have been recognized by the post-production community as a service Quality Leader for each of the three years that we have offered these awards,'' said Matt Peterson, President of Scenic Wonders, Inc. ''We are thrilled to have been the recipient of so many prestigious and meaningful awards this year at NAB '99. It comes at a very important time for Accom,'' commented Junaid Sheikh, President and CEO of Accom. About Accom Accom's ELSET(R) Purchased by MBC - Seoul, Korea MENLO PARK, Calif., May 11 /PRNewswire/ -- Accom, Inc. (OTC Bulletin Board: ACMM - news) today announced that MBC in Seoul, Korea recently purchased an ELSETLive(TM) virtual set system. MBC, the largest broadcaster in Korea, used their newly purchased ELSETLive for the Korean regional elections. Mr. Kim, Jong-Yoon, Director of Election Broadcast Planning stated: ''I greatly appreciate Accom's dedication and development support that allowed us to utilize our real-time three dimensional Korean character and chart animation tools in the ideal virtual set during the last election in Korea. I look forward to continuing this friendly and cooperative relationship between MBC and Accom.'' MBC has also used ELSETLive for various news and sporting events. Mr. Kim, Jong-Yoon continues, ''In my opinion, the ELSET package has been built on a concrete system architecture. The system has high-quality video output and allows the user to integrate various effect sequences and user-developed applications because of its open architecture. MBC extensively evaluated competitive virtual set systems and concluded that ELSET had greater features and is of better quality than those that are currently on the market today.'' About Accom's ELSET ELSET, Accom's flagship virtual set system, is known for its high image quality, open architecture and ease in ability to integrate with other products, including Accom's own WSD/2Xtreme(TM) and Axess(TM). ELSETLive is a set creation and real-time display system that uses a Silicon Graphics Onyx computer to provide a seamless link between the virtual world and the real world. By blending live images with computer-generated objects and backgrounds, ELSET produces a realistic environment that comes to life in all aspects of texture, depth and perspective. In addition to ELSETLive, Accom offers an ELSETLive-NT(TM) package for running live productions on a PC/Windows® NT platform with the new Silicon Graphics 320 visual workstation. In addition, Accom's ELSETPost(TM) system provides advanced virtual set production with the highest degree of realism running on low-cost SGI systems for off-line program production. ELSETPost is currently available for MAYA and Alias PowerAnimator. About Accom Accom Announces Record Revenue and Return to Profitability MENLO PARK, Calif., April 15 /PRNewswire/ -- Accom, Inc. (OTC Bulletin Board: ACMM), today reported results for its first quarter ended March 31, 1999. Revenues totaled $9.5 million versus $3.1 million for the quarter ended March 31, 1998, and the Company reported net income of $514,000 or $0.05 per share for the quarter ended March 31, 1999, versus net loss of $576,000 or $0.09 per share for the quarter ended March 31, 1998. As previously announced, Accom acquired substantially all of the assets of Scitex Digital Video (SDV) on December 10, 1998. Accom also reported results for the transition period from October 1, 1998, to December 31, 1998, resulting from the change in its fiscal year from a September 30 to December 31 year end. For the transition period, revenues totaled $3.4 million versus $4.1 million for the quarter ended December 31, 1997. Net loss for the transition period was $3.9 million or $0.52 per share versus net income of $142,000 or $0.02 per share for the quarter ended December 31, 1997. During the transition period, $2.2 million of the net loss resulted from the write-off of in-process R&D. Results from the operations of SDV's business were included in the transition period results for the period following the acquisition on December 11, 1998. ''We are very pleased with the results of the first quarter of combined operations,'' commented Junaid Sheikh, Chairman, President and CEO of Accom, Inc. ''We had two goals for the first quarter: to integrate the SDV operations as quickly as possible enabling us to operate as one company, and to achieve solid profitability, thereby demonstrating the effectiveness of our plan. I am happy to say that we accomplished both these goals. Now we are looking ahead to our largest trade show, NAB, next week in Las Vegas where we will be introducing important new products.'' Sheikh continued, ''With the SDV acquisition, Accom has significantly expanded its scope in the video industry. Today, Accom offers its customers a broad product line of non-linear video editing, on-line video editing, digital video effects, and digital disk recording systems, as well as our Elset virtual set software. We are investing heavily in the development of new products which should enable us to further serve the needs of our customers, grow the company profitably and improve shareholder value.'' Sheikh added, ''As previously announced on March 12, 1999, the Company completed the private placement of $3.5 million in senior convertible subordinated notes with American Bankers Insurance Group and other investors. With this financing, we have substantially strengthened our financial base, positioning the company for continued investment in new product development.'' | ||||||||||||||
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