Avistar Communications Corporation and TANDBERG Partner to Offer Joint Product Solutions.Business Editors/High-Tech Writers REDWOOD SHORES, Calif. & OSLO, Norway--(BUSINESS WIRE)--Nov. 27, 2000 Avistar Communications Corporation ("Avistar")(Nasdaq:AVSR (Audio Visual Speech Recognition) Using lip reading software to enhance speech recognition. In noisy environments where a camera can be included, AVSR improves the computer's ability to recognize the speaker's words by visually tracking lip movement and ), the enterprise video company, and TANDBERG (Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. :TAA TAA - Track Average Amplitude ), a leading global provider of videoconferencing, today announced a partnership to enable customers of Avistar's networked video collaboration system to incorporate TANDBERG's premier videoconferencing endpoint hardware into their Avistar networks. The two companies have each committed development resources to deliver new networked solutions to the market. TANDBERG intends to add support for control capabilities for the Avistar VOS An operating system used in Stratus computers. FTX is Stratus' Unix operating system. (TM) video operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , which will allow TANDBERG endpoints to be an integrated extension of the Avistar networked video system. Avistar intends to extend its VOS software to manage TANDBERG end-user products. The first product to be delivered under this agreement is based on the recently announced TANDBERG 500, an all in one, easy to install videoconferencing system that can be used with any standard TV display. Avistar believes this product will complement its existing platform of networked video products that deliver high quality, interactive video calling, content creation and publishing, broadcast origination, video-on-demand and integrated data sharing The ability to share the same data resource with multiple applications or users. It implies that the data are stored in one or more servers in the network and that there is some software locking mechanism that prevents the same set of data from being changed by two people at the same time. , all from networked desktop and conference room endpoints. "This is the first use of our Avistar VOS platform software to control partner endpoints on the Avistar network, and partnering with hardware leaders such as TANDBERG is an important step in making our video operating system available as the standard for enterprise video communication," said Jerry Burnett, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Avistar Communications. "We have chosen to work with TANDBERG because we have a long, successful history of joint collaboration in developing our networking products, and we share mutual quality and reliability goals." "We are pleased that Avistar will be further extending the integration of our videoconferencing solutions into their networked video solution," said Bengt Thuresson, president and CEO of TANDBERG. "The Avistar VOS operating system already integrates TANDBERG codecs The following is a list of codecs. Audio codecs Non-compression formats
This bundled PC-based hardware and software solution is expected to be available from Avistar in the first quarter of 2001. Avistar Communications Corporation Avistar develops, markets and supports video-enabled communications networks, which are helping transform how people collaborate. The Avistar product line includes a seamless, integrated suite of video and data collaboration applications, all managed by the Avistar VOS(TM) video operating system. From a desktop, the system delivers high quality interactive video calling, content creation and publishing, broadcast video, video-on-demand, and integrated data sharing. Based on an open software platform and leveraging video, telephony and Internet networking standards, the Avistar network is scalable, reliable, cost effective, easy to use and designed to evolve with changing technologies. Avistar Communications Corporation is headquartered in Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. , with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Dallas and London. Avistar Systems Corporation and Collaboration Properties, Inc Collaboration Properties, Inc. (CPI) is a wholly owned subsidiary of Avistar Communications Corporation. It holds US and foreign patents in the primary areas of presence-based interactions, desktop video, recorded and live media at the desktop, multimedia documents, data sharing, . are wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Avistar Communications Corporation. Collaboration Properties develops and holds patents on a wide range of networked video software and hardware. For more information on Avistar, visit www.avistar.com. About TANDBERG TANDBERG is a leading global provider of videoconferencing solutions. The company designs, develops and manufactures videoconferencing systems and offers sales, support and value-added services in more than 50 countries worldwide. TANDBERG has its headquarters in Oslo, Norway and major offices in the United States, the United Kingdom, Canada, and China. TANDBERG is publicly traded on the Oslo Stock Exchange under the symbol TAA. For more information, please visit www.tandberg.net. Forward Looking Statements This news release contains forward-looking statements, including statements concerning product development plans and the availability of collaborative products. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including such factors, among others, as the impact of competitive products and pricing, the timely development and market acceptance of new products, the ability to raise capital, the mix between domestic and international sales, manufacturing and cost of Avistar's products, dependence on collaborative partners, the enforcement of intellectual property rights, and uncertainties relating to sole source suppliers, production efficiencies and technological approaches. Additional risk factors are discussed in Avistar's Registration Statement on Form S-1 and the Report on Form 10-Q Form 10-Q See 10-Q. filed on November 1, 2000, each of which have been filed with the Securities and Exchange Commission. Note to Editors: Avistar, Avistar VOS, the Avistar logo and Avistar Systems are trademarks or registered trademarks of Avistar Communications Corporation. All other names used are the trademarks of their respective owners. |
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