CenterSpan and Intel Execute Technology Transfer Agreement for Intel's Launch & Connect Technology.Business Editors, Technology Writers HILLSBORO, ORE--(BUSINESS WIRE)--April 24, 2000 Agreement positions CenterSpan as worldwide platform provider for Launch & Connect CenterSpan Communications (Nasdaq:CSCC CSCC Calgary Sports Car Club (Alberta, Canada) CSCC Clemson Sports Car Club CSCC Columbus State Community College (Ohio) CSCC Classic Sports Car Club (UK) ) and Intel Architecture Labs Intel Architecture Labs, also known as IAL, was the Personal Computer system research and development arm of Intel Corporation during the 1990s. IAL was created by Intel Vice-President Ron Whittier together with Craig Kinnie and Steven McGeady to develop the hardware and today signed a license agreement that gives CenterSpan exclusive worldwide rights to develop, use and sub-license Intel(R) Launch & Connect, a core technology of Socket, CenterSpan's new group activity hub software. Socket combines Launch & Connect with real-time text and voice communication capabilities, forming a powerful group activity hub that enables collaboration, content sharing and multi-player gaming. With Socket, CenterSpan addresses two of the fastest growing Internet segments, multi-player gaming and instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , in a way that existing instant messaging products can't match. "Intel Launch & Connect technology lets applications easily identify, launch and connect multi-person sessions across the Internet," said David P. Ryan, Director of Marketing for the Intel Architecture Labs. "Our work with CenterSpan is part of our continued commitment to greatly accelerate Internet industry innovation." "This agreement empowers CenterSpan to sub-license Launch & Connect as well as Socket, and lays the groundwork for exciting new and complimentary business opportunities," said Frank G. Hausmann, CenterSpan's 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. . "Launch & Connect, with the complementary Compare & Share feature, has many different applications, serving as an engine that drives e-commerce by harnessing the natural dynamics of group interaction. It enables casual and experienced Internet users to engage in multi-person collaborative activities over the Internet easier than ever before." The terms of the agreement are confidential and are subject to CenterSpan performance obligations related to the Socket product and sub-licensing of the Launch & Connect technology. Visit www.get-socket.com/beta to download the beta version A pre-shipping release of hardware or software that has gone through alpha test. A beta version of software is supposed to be very close to the final product, but, in practice, it is more a way of getting users to test the software in the first place under real conditions. of Socket. About CenterSpan Communications Corporation CenterSpan Communications Corp. is a developer of software applications for PC-to-PC text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length. and multi-point voice conferencing over the Internet enabling communication and collaborative information sharing See data conferencing. . The company is focusing on next generation PC-to-PC communication and collaboration technologies that enable real-time small group multimedia interaction over the Internet. This press release includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The Company's Internet communications and collaboration initiative is a new business in a rapidly evolving market. Specific statements regarding the timely release of new products, new business opportunities, potential earnings leverage, accelerated delivery of new product and distribution leverage are forward-looking statements. Historically, the ThrustMaster game controller hardware business has accounted for substantially all of the Company's assets, liabilities, revenues and expenses. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission, including the Company's 1999 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. , which are available from the Company without charge, for a further description of the risks and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc forward-looking statements made by the Company, as well as to other aspects of the Company's business. |
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