Avistar and IPC Enable Trading Floors With Presence-based Video Collaboration; Integrated Voice, Video and Data at the Trading Desk Will Broaden Collaborative Possibilities.Business Editors/High-Tech Writers REDWOOD SHORES, Calif., and NEW YORK--(BUSINESS WIRE)--June 16, 2003 Avistar Communications Corporation (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 ), a provider of business video collaboration solutions -- vBusiness, today announced the availability of its video trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. , jointly developed with IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Information Systems Inc., the specialist that the global financial community depends on for world-class trading floor solutions. By integrating IPC's Alliance MX(TM) switching platform's voice capabilities, and Avistar's video solutions, powered by the AvistarVOS(TM) software, a seamless and simultaneous access to voice and video calls from a single interface is possible. Users at an IPC trading desktop enhanced with Avistar's vBusiness solution can receive the audio portion of voice and video calls, video clips, and live video feeds at a single handset or headset. They can make one-click video connections, aided by a presence-based view of all video community members, both within and outside the firm. In addition, the integration permits a greater number of participants to connect to a video conference call using a trading system handset, a conventional or mobile phone, or video terminal. "By integrating video into traders' day-to-day workflow, IPC and Avistar enable the next generation of collaboration technology on the trading floor," 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. Avistar. "We create a dynamic collaborative environment in which people can work together face-to-face and easily access media-rich information whenever they need it, which is critical for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry." "In the fast-paced trading environment, traders need to react immediately to market news," said Stefanie Sovak, IPC senior vice president of Business Development and Product Management. "Avistar and IPC put the tools traders need at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. to be more effective." The Avistar video trading system for IPC is scheduled to be available in July 2003. Forward Looking Statements Statements made in this press release regarding the availability, capabilities and expected benefits of the proposed Avistar enhanced IPC trading system are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including such factors, among others, as technical difficulties and delays in integrating Avistar's technology with IPC's platform, difficulties and delays in the manufacture and distribution of the integrated system and market acceptance of video enabled trading systems. These and other risk factors are discussed in Avistar's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission from time to time. Avistar disclaims any intent or obligation to update these forward-looking statements. About Avistar Communications Corporation Avistar develops, markets and supports video collaboration solutions for the enterprise, all powered by the AvistarVOS software. From the desktop, Avistar delivers TV-quality video calling, recording, publishing to web and emails, video-on-demand, broadcast, and document sharing See data conferencing. . Avistar delivers on vBusiness -- video-enabling business -- by integrating visual communications into the daily workflow and connecting communities of users within and across enterprises. Founded in 1993, 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 sales 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 and London. Avistar's technology is used in more than 35 countries. 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, ., a wholly owned subsidiary 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, holds a broad portfolio of patents covering the AvistarVOS platform as well as multiple software and hardware video collaboration products. For more information, visit www.avistar.com. About IPC IPC Acquisition Corp. (Bloomberg: IPCACQ), through its wholly owned subsidiary IPC Information Systems, Inc., is the specialist the global financial community depends on for world class trading floor solutions. For nearly 30 years, IPC's trading systems have been a mainstay on the desktops of 100,000+ traders worldwide. IPC's extensive portfolio includes Internet Protocol-based solutions like the IQMX(TM) trading desktop, the first trading system to integrate voice and data using Voice over Internet Protocol (VoIP), TraderVision(TM) Desktop Video which enables traders to view select broadcast content directly at their desktops, and the ICMX(TM) Intercom Module which connects the trading floor with the middle and back offices, eliminating the need for a separate, dedicated network. IPC has offices throughout the Americas, Europe, and the Asia Pacific region. For more information, visit www.ipc.com. Avistar, AvistarVOS, and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation |
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