CBCI Telecom grants ImageCom technology license.MONTREAL--(BUSINESS WIRE)--April 29, 1997--CBCI TELECOM(ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). CAN. ) ImageCom Ltd. has signed a non-exclusive sub-license agreement with CBCI Telecom Inc. for the future exploration of CBCI Telecom's VI3000 codec (1) (enCOder/DECoder) A hardware circuit that performs analog-to-digital conversion (ADC) and digital-to-analog (DAC) conversion. When analog signals are entered into a computer, cellphone or other device via a microphone or video source such as VHS tape or analog TV, technology. This agreement further extends the partnership between Canvas Visual Communications, the visualconferencing division of CBCI Telecom, and ImageCom in the development and manufacturing of leading-edge, high quality, high performance video codec (1) A hardware circuit that converts analog video (NTSC, PAL, SECAM) into digital code and vice versa. The term may refer to only the A/D and D/A conversion, or it may include the compression technique for further reducing the signal (definition #2 below). See codec. technology. The codec compresses and decompresses audio and video signals so that they occupy less bandwidth during transmission. The initiative harnesses the complementary skills and abilities of these two companies and allows Canvas Visual to focus on development of software applications for leading vertical markets such as telemedicine, distance education and business-to-consumer interactive kiosks. Under this license agreement, ImageCom will onward develop the technology, capitalizing on an extensive installed base worldwide. "Our working with ImageCom on the codec development allows Canvas Visual Communications to concentrate on what it does best - applications development, sales and marketing of visualconferencing solutions for business, health care and education - while ImageCom focuses on its core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
ImageCom's Managing Director Ken Bayley said, "This license agreement is a major step forward for both companies allowing the partnership to evolve in the most innovative way with ImageCom proactively developing and even further enhancing the quality of the core codec technology at the heart of Canvas Visual's systems and applications." ImageCom Ltd., based in Maidenhead Maidenhead, city (1991 pop. 59,809), Windsor and Maidenhead, S central England, on the Thames River. It is a residential town with brewing and milling industries as well as a resort. The 13th-century stone bridge was rebuilt in the 1770s. , England, designs, manufactures and supports high quality videoconferencing codecs The following is a list of codecs. Audio codecs Non-compression formats
Canvas Visual Communications, a division of CBCI Telecom Inc., manufactures, markets and services a comprehensive portfolio of general purpose and application-specific visual communications systems for business, health care, education, and interactive kiosk markets. Canvas Visual Communications, with 155 employees and $31 million (US) in sales, ranks among the top visual communications providers worldwide. CBCI Telecom Inc. is headquartered at 175 Montpellier Blvd., Montreal, Quebec, Canada H4N 2G5. Additional information is available at its web site address: www.canvasvisual.com Editor's Note: CBCI Telecom Inc. is listed on the Montreal and Toronto Stock Exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. as CAN. CONTACT: Austin Lawrence Group Caitlin McConoughey, 203/ 961-8888, ext. 3011 or Austin Lawrence Group Jason Kannon, 203/ 961-8888, ext. 3002 |
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