City of New York Selects FVC.COM For Interactive Video Applications; Human Resources Administration Installation will Enable Distance Meetings and Distance Learning.SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 10, 1998--FVC.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. (Nasdaq:FVCX), the leader in Next Generation Internet See Internet2. (NGI (Next Generation Internet) A project of the U.S. government for researching high-speed network technologies for use by federal agencies. See Internet2. ) video applications, today announced that it has been chosen by the City of New York to build a NGI video network for installation at the City's Human Resources Administration (HRA HRA Health Reimbursement Arrangement HRA Health Risk Assessment HRA Housing and Redevelopment Authority HRA Human Resources Administration HRA Health Reimbursement Account HRA Housing Revenue Account ). By leveraging FVC FVC forced vital capacity. FVC abbr. forced vital capacity FVC, n See forced vital capacity. FVC forced vital capacity. .COM voice, video and data networking equipment, the HRA will be able to reduce travel time and costs of executives and managers by enabling them to participate in video conferences and receive multimedia broadcasts at their individual PCs. In addition, employees and clients can take advantage of distance learning programs by accessing both live and archived video course materials. There is potential for future expansion into other agency functions which can be enhanced by high-quality video. According to FVC.COM, similar investments made by other companies in this type of video application have proven to increase efficiency and improve service delivery. FVC.COM's multimedia hardware and software provides high-quality voice, video and data with guaranteed Quality of Service (QoS) over local and wide area networks. Over the course of the next year, the video network will be deployed at the new HRA building in stages over the ATM broadband infrastructure installed by Bay Networks. End-point products will be provided by Zydacron. About the Next Generation Internet (NGI) The NGI is the new broadband Internet, being deployed by service providers and enterprises for the integrated delivery of voice, video and data applications. A key characteristic of the NGI (www.ngi.gov) is the ability to handle multimedia applications such as real-time interactive video, as well as stored and live video-on-demand. FVC.COM utilizes its expertise in Internet application integration, QoS, and video technology to deliver networked video over the NGI for applications such as distance learning, distance meetings and electronic commerce. About FVC.COM FVC.COM is the leader in video applications over the Next Generation Internet (NGI). FVC.COM's products enable end-to-end video in a wide range of room and desktop environments for video applications such as distance learning, distance meetings, and distance medicine. Founded in 1993 by technology pioneer Ralph Ungermann, FVC.COM designs, manufactures and supports a full video networking product family that includes NGI access devices, adapters, gateways and video storage servers. FVC.COM's distribution and system integration partners include leading telecommunication and networking companies throughout the world, such as Ascend Communications (Nasdaq:ASND ASND A Streetcar Named Desire (play) ), Bell Atlantic Network Integration (NYSE NYSE See: New York Stock Exchange :BEL), British Telecommunications (NYSE:BTY BTY Battery BTY Betty BTY Back To You BTY Better Than You BTY Blessings to You ), EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. (NYSE:EDS), France Telecom (NYSE:FTE FTE Full-Time Equivalent FTE Full-Time Employee FTE Full-Time Equivalency FTE Full Time Employment FTE Foundation for Teaching Economics FTE Full Time Enrollment FTE For the Enterprise (SQL) FTE Fund for Theological Education ), IBM (NYSE:IBM), Lucent Technologies (NYSE:LU), NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. (Nasdaq:NIPNY), and Nortel (NYSE:NT). Cautionary Statement Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, "believes," "anticipates," "expects" and words of similar import. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the Company's limited operating history and variability of operating results, market acceptance of video technology, dependence on ATM backbone technology and the Next Generation Internet, potential inability to maintain business relationships with distributors and suppliers, rapid technological changes, competition in the video networking industry, the importance of attracting and retaining personnel, management of the Company's growth, consolidation and cost pressures in the video networking industry, dependence on key employees and other risk factors referenced in the Company's Registration Statement on Form S-1, File No. 333-38755, declared effective on April 29, 1998. |
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