Boca Research and Liberate Technologies Announce Strategic Software Development and Licensing Agreement.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Nov. 23, 1999-- Software Customization Enables Unique Customer Solutions; Provides New Business Opportunity for Boca BOCA Building Officials and Code Administrators International, Inc. BOCA Bird Observers Club of Australia BOCA Business Object Component Architecture BOCA Borland Object Component Architecture (Borland) Research Boca Research, Inc.(R) (Nasdaq:BOCI BOCI Bank of China International BOCI Buckner Orphan Care International ) and Liberate Technologies (Nasdaq:LBRT LBRT Little Black Rubber Thingy LBRT Low Buck Racing Team ) today announced a five-year strategic software development and licensing agreement enabling third party deployment of custom Internet-related entertainment and infotainment systems. Under the terms of the agreement, Boca Research will license source code and development kits from Liberate Technologies for Liberate TV Navigator(TM) for ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. (analog client software) and Liberate TV Navigator for DTV (Digital TeleVision) Transmitting TV using digital signals. The major DTV standards are ATSC (North America), DVB (Europe) and ISDB (Japan). All three use MPEG-2 video compression and Dolby Digital audio compression. DVB and ISDB also include MPEG audio compression. (digital client software). Liberate Technologies has also granted Boca Research a right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. to provide porting and customization of software as defined in the agreement. Through the agreement, Boca Research will provide customized solutions for Boca Research and Liberate customers based on Boca's current ST2001 set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. reference platform, as well as follow-on derivatives. This new software customization service will help transition Boca Research to a software and systems solution- based company, able to provide unique customer Internet entertainment and infotainment solutions. With the strategic development and licensing agreement finalized, Boca Research is already working with two of Liberate Technologies' customers and has begun staffing a team of software engineers in both Boca Raton and Silicon Valley. A portion of the Silicon Valley division of Boca Research's engineering team will initially reside on Liberate Technologies' premises, enabling a close working relationship between the two companies and mutual customers. Joint business development efforts are ongoing, and Liberate Technologies is already using Boca Research's reference design for the purposes of marketing and promotion. Anthony F. Zalenski, Boca Research's president and chief executive officer, commented, "We are excited about expanding our relationship with Liberate Technologies. This agreement allows Boca Research to meet the increasing need of customers seeking specific Internet appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. software-related solutions and also exploits our strong knowledge base in this area. In addition, this creates a new business opportunity for Boca Research, and will help with our transition to a software and systems solution-based company." "We are pleased to expand our existing strategic relationship with Boca Research to provide customized information appliance solutions for mutual customers," stated Mitchell Kertzman, president and chief executive officer of Liberate Technologies. "Liberate Technologies is committed to expanding the pool of Liberate-enabled devices, customization options and services for network operators." About Liberate Liberate Technologies is a leading provider of a complete software platform for delivering Internet-enhanced content and applications to information appliances, such as television set-top boxes and game consoles. Liberate's Internet-based client and server software allows network operators, such as telecommunications companies, cable and satellite television operators and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. to provide consumers access to network operator-branded applications and services. Headquartered in San Carlos, California San Carlos is a city in San Mateo County, California, USA on the San Francisco Peninsula, about halfway between San Francisco and San Jose. It is an affluent small residential suburb located between Belmont to the north and Redwood City to the south. , the company has sales offices in the U.S. and the U.K. Information on Liberate Technologies is available at http://www.liberate.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 1995: Information in this release that involves Boca Research and Liberate Technologies' expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Boca Research and Liberate Technologies as of the date of the release, and the companies assume no obligation to update any such forward-looking statement. These statements are not guarantees of future performance, and actual results could differ materially from current expectations. Factors that could cause or contribute to such differences or risks associated with the two companies' businesses are discussed in Boca Research'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. for the year ended December 31, 1998, Liberate's registration statement on Form S-1 declared effective by the Securities and Exchange Commission ("SEC") on July 27, 1999, and in the other reports filed by both companies from time to time with the SEC. Boca Research Corporate Information Founded in 1985, Boca Research is in the process of transitioning to become a leading software and systems solutions-based enterprise enabling communications, as well as access to applications and information via the Internet or client/server networking. Boca Research is a U.S. corporation headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. with international operations and ventures worldwide. The Boca Global, Inc. subsidiary markets data communications and multiport products, as well as thin client/server computing devices and information appliances. The newly formed AppsCom(TM), Inc. subsidiary is focused on the applications rental market via a client/server-based network. Boca Research will also be providing a focused effort on their new emerging systems software and services business. Notes to Editors: For copies of recent press releases from Boca Research via fax, call 800-331-1323. For product or company information via the Internet, visit our Web sites at http://www.bocaresearch.com, http://www.globalvillage.com, and http://www.bocavision.com. Boca Research Inc., Boca, and Global Village are registered trademarks and AppsCom is a trademark of Boca Research, Inc. Liberate and Liberate TV Navigator are trademarks of Liberate Technologies. All other products and brand names are trademarks of their respective owners. |
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