Avistar and RADVISION Announce Patent License Agreement.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. & TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel -- Avistar Communications Corp. (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 desktop video collaboration platform provider, and RADVISION([R]) Ltd. (Nasdaq:RVSN RVSN Radvision (stock symbol) RVSN Recorded Volume Serial Number (Veritas) RVSN Raketnye Voiska Strategicheskogo Naznacheniya (Russian strategic rocket forces) ), a leading provider of video network infrastructure and developer tools for unified visual communications, today announced that they have entered into an agreement to cross license their patent portfolios. Under the license agreement, Avistar UK, 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 Corp., has granted RADVISION a non-exclusive worldwide patent license to all of Avistar's patents for the field of videoconferencing according to Avistar's standard terms and conditions. RADVISION, in turn, has granted Avistar a license to all of RADVISION's patents in the same field. As part of the agreement, RADVISION will make a one-time payment to Avistar UK of approximately $4.0 million. "This agreement gives both RADVISION and Avistar the opportunity to leverage each other's intellectual property to further develop the usage and adoption of visual communications into the daily workflow, long a goal of Avistar," said Gerald J. Burnett, Chairman and 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. "Additionally, we welcome the opportunity to mutually explore the incorporation of RADVISION's infrastructure into our product offerings." Boaz Raviv, Chief Executive Officer of RADVISION, stated: "We are pleased that our licensing discussions with Avistar have opened the door to potential new opportunities for both of our companies." About Avistar Communications Corporation Avistar develops, markets, and supports a video collaboration platform for the enterprise, all powered by the AvistarVOS[TM] software. From the desktop, Avistar delivers business-quality video calling, recording, publishing to web and e-mails, video-on-demand, broadcast origination and distribution, and document sharing. Avistar video-enables business processes by integrating visual communications into the daily workflow and connecting communities of users within and across enterprises. Founded in 1993, Avistar is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. , 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 and London. Avistar's technology is used in more than 40 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, . (CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I ), a wholly owned subsidiary of Avistar Communications Corporation, holds a current portfolio of 76 patents for inventions in the primary areas of video and network technology. CPI pursues patents for presence-based interactions, desktop video, recorded and live media at the desktop, multimedia documents, data sharing, and a service-rich video network architecture to support Avistar's product suite and customers. CPI offers licenses to its patent portfolio and Avistar's video-enabling technologies to companies in the video conferencing, rich-media services, public networking, and related industries. Current licensees include Sony Corporation, Polycom, Inc., Tandberg ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and and Emblaze-VCON. For more information, visit www.avistar.com and www.collabprop.com. About RADVISION RADVISION (NASDAQ:RVSN) is the industry's leading provider of market-proven products and technologies for unified visual communications over IP, 3G and IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. networks. With its complete set of standards-based video networking infrastructure and developer toolkits for voice, video, data and wireless communications, RADVISION is driving the unified communications evolution by combining the power of video, voice, data and wireless - for high definition video conferencing systems, innovative converged mobile services, and highly scalable video-enabled desktop platforms on IP, 3G and emerging next-generation IMS networks. For more information about RADVISION, visit www.radvision.com. Forward-Looking Statements This press release contains forward-looking statements that are subject to risks and uncertainties, including statements regarding the usage and adoption of visual communications into the daily workflow, the incorporation of RADVISION's infrastructure into Avistar's product offerings and potential new opportunities for Avistar and RADVISION. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in demand for products, changes in the technology or business direction of the two companies, the timing and amount or cancellation of orders and other risks detailed from time to time in RADVISION's and Avistar's filings with the Securities Exchange Commission, including RADVISION's Form 20-F Annual Report and 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. . These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement. Copyright (c) 2007 Avistar Communications Corporation. All rights reserved. Avistar, AvistarVOS, and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation. Other company, product or service names may be trademarks or service marks of others. |
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