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INTERACT DEVICES, INC. ANNOUNCES PARTNERSHIP WITH ELECTRICITE DE FRANCE
SACRAMENTO, Calif. - Feb. 26, 2003 /Send2Press Newswire/ -- Interact Devices, Inc., an
emerging leader in narrow bandwidth video and audio distribution solutions for
broadcast and communications, announced today that they have entered into a
cooperative project with Electricité de France (EdF), the world's largest
utility. EdF operates a diverse portfolio of 100,000+ megawatts of generation
capacity in Europe, and overseas, and serves 45 million customers worldwide.
The relationship is both an investment by EdF and a collaboration agreement
between the two companies. The investment was made in support of Interact
Devices' video compression flagship products that employ the company's Liquid
Intelligence(tm) technology. Under the terms of the agreement, EdF will
contribute resources from its 2,500 person Research & Development staff and its
experience of the European markets to develop applications and services using
Interact's Liquid Intelligence technology.
Liquid Intelligence marshals state-of-the-art computer processing to
continuously optimize compression and delivery of audio and video media using an
artificially intelligent compression control layer. Employing standard industry
compression / decompression algorithms (CODECs), Liquid Intelligence(tm)
delivers superior quality video over existing legacy communications channels.
Liquid Intelligence employs two key components: Liquid Compression(tm) and
Liquid Delivery(tm). Liquid Compression continuously iterates and optimizes
choices and settings of CODECs for each media segment. Liquid Delivery manages
all aspects of media delivery to the client platform, adjusting in real time for
changes in communications channel quality and client platform performance.
Interact Devices currently sells high quality, low bandwidth, low entry price,
video conferencing solutions powered by the Company's core technologies. The
first release of Liquid Intelligence based streaming products is planned for a
"Groupe Electricité de France is the perfect partner to assist Interact in the
development of new applications ", said Greg Kilgore, Chief Executive Officer of
Interact Devices. "EDF has a great deal of experience into the application of
technologies with their numerous customers, whether we are talking about video
surveillance, video conferencing, or IP video streaming over power lines. With
the support of EdF we will be able to reach a whole new level."
"The perspectives to apply such innovative technologies to new services, like
video-surveillance, are very exciting for the EDF Group in the context of
developing new solutions for its industrial and municipal customers" said Alain
Sarrazin, Senior Vice President, EDF Business & Innovation Division.
About Interact Devices, Inc.: Interact Devices, Inc.
(http://www.interactdevices.com) is a privately funded company based in Folsom,
California. Formed in 1999, the company has applied for patents covering its
media compression and delivery technologies. Interact Devices is currently
delivering its video conferencing products and projecting delivery of video
streaming systems in Spring 2003.
About EDF: EDF (http://www.edf.fr/htm/en) is the world's largest utility,
operating a diverse portfolio of 100,000+ megawatts of generation capacity
throughout Europe, Asia, Latin America and Mexico, Africa and the Middle East,
and serving about 45 million direct customers worldwide in Europe, Argentina,
and Brazil notably.
Source of news:
Interact Devices, Inc. and Electricité de France
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