DALLAS, Jan 03, 2012 (BUSINESS
WIRE) -- Raystream Inc. , a global HD video compression services company, announces a
variable use license agreement with Grencomm, a company that develops, produces
and delivers news, sports and cultural entertainment globally. Grencomm will
use Raystream's proprietary compression technology to drastically reduce the
size of HD video files it streams through its video-on--demand platform, RUSH
TV -- Grenada's first online television station -- that has an audience
spanning across more than 35 countries. Raystream's unique compression tools
will greatly reduce Grencomm's bandwidth costs and eliminate the buffering
issues, while maintaining the crisp, clear images and vibrant colors associated
with high definition video.
"We
are delighted to announce that Grencomm will be using Raysteam's HD video
compression solution. Not only will Grencomm be able to significantly decrease
bandwidth costs while delivering a far better viewing experience to its large
and rapidly growing international RUSH TV audience, but the clarity of the HD
video images will remain exceptionally clear," said Brian Petersen,
Raystream's CEO.
"Discovering
Raystream was a godsend to us. We look forward to utilizing Raystream's HD
video compression technology to deliver high quality streaming video content to
our viewers," said Garvey Lousion, Grencomm's Chief Financial Officer.
"We actually derive two benefits from using Raystream's HD video
compression technology. First, we expect Raystream's compression ability to
greatly decrease our storage and bandwidth costs. Second, we are excited that
we will be able to provide a more efficient stream to our viewers, especially
in countries that have a low level of Internet capacity."
Raystream's
innovative approach to HD video compression, which reduces the size of HD
videos up to 90 percent with an average of approximately 70 percent, with no
loss in clarity or quality, works with previously recorded HD video files, as
well as for live streaming of HD video. The live streaming service enables HD
video to be compressed in real-time, as it is generated, prior to streaming
over the Internet. Additionally, Raystream's cloud-based compression tools even
work with full HD 3D videos, allowing users to instantly view the compressed
video on any 3D video-enabled device, including home theatres, set-top boxes,
tablets, game consoles, laptops, and mobile phones.
"This
contract with Grencomm, negotiated by Raystream's Business Development Manager,
Chad Munce, is another opportunity for Raystream to showcase and deliver on our
promise to reduce bandwidth expense, as well as deliver exceptional hi-def
content to the end user," said Michael Seay, Raystream's EVP of Sales and
Strategic Implementation.
About
Grencomm
Grencomm
develops, produces and delivers news, sports and cultural entertainment
globally. Among Grencomm's many products and services is RUSH TV, Grenada's
first online television station that is now streaming around the world in over
35 countries.
About
Raystream
Raystream
Inc. is bringing its proprietary video compression technology to businesses and
consumers worldwide. This technology drastically decreases bandwidth costs by
reducing the file size of HD videos up to 90 percent, with an average of
approximately 70 percent, and with no loss in clarity or quality -- so they can
be streamed online without buffering or stopping. Raystream's technology puts
high definition video in the reach of nearly every Internet user on the globe.
Click here to see the future of online video.
Raystream
is a public company quoted on the OTC BB under the symbol RAYS. For more
information, please visit us at www.raystream.com .
Forward-Looking
Statements
Except for
the historical information contained herein, the matters discussed in this
press release are forward-looking statements. Actual results may differ
materially from those described in forward-looking statements and are subject
to risks and uncertainties. See Raystream Inc.'s filings with the Securities
and Exchange Commission which identify specific factors that may cause actual
results or events to differ materially from those described in the
forward-looking statements.
SOURCE:
Raystream Inc.
No comments:
Post a Comment