Convera Partners With Media Leaders EMC and Grass Valley Group to Deliver Comprehensive Digital Content Management Solution.

Business Editors/Hi-Tech Writers

LAS VEGAS--(BUSINESS WIRE)--April 23, 2001

Key Milestone Reached in Delivering Industry's First

Fully-Integrated Digital Broadcasting Solution

NAB Booth M10263, Sands Expo 

Convera (Nasdaq:CNVR) announced that it has completed the integration of its Screening Room(R) video content management solution with EMC's Avalon Archive Manager (AAM) technology and the Grass Valley Group's Profile(R) XP Media Platform, two market-leading systems already in use by hundreds of television stations and video production houses around the world.

By doing so, Convera's video content management capability becomes a fully integrated element of the broadcast environment, from content creation throughout its lifecycle, ultimately enabling broadcasters to streamline workflow and reduce the duplication of effort.

With this integration, Convera has completed the first and most significant phase of delivering the industry's first fully-integrated digital content management solution for broadcasters.

Designed to consolidate all the functional capabilities currently used in the video broadcast production process, Convera is uniting its Screening Room video content management capability with separate heterogeneous solutions for video encoding, editing, storage and syndication.

The combined integration provides broadcasters and video producers with an open architecture solution for the seamless indexing, management, production, manipulation, storage, distribution and syndication of digital video assets.

EMC and the Grass Valley Group join Anystream and Context Media as part of the first phase of Convera's new digital broadcasting solution.

Designed to provide alternate distribution capability via the Internet, Convera Screening Room also has been integrated with the Anystream Agility Enterprise encoding platform that automates the creation and distribution of top-quality Internet streaming media to any platform or device, regardless of connection speed or media format, and the Context Media Interchange Platform(TM) that enables digital assets to be shared, licensed and syndicated to all relevant partners.

"As broadcasters make strategic and operational changes to support their entry into and success in the digital media arena, Convera's solution provides them with the integrated infrastructure and capabilities needed to accelerate their transition from analog to digital television formats," said Pat Condo, president and chief executive officer, Convera. "Through collaborative partnerships with industry leaders such as EMC and the Grass Valley Group, we will continue to enhance the Screening Room product and help the broadcast community improve operational effectiveness."

Convera's digital broadcasting solution, available today, is being demonstrated for the first time at NAB 2001, the world's largest trade event covering the convergence of broadcasting, multimedia and the Internet, audio and video communications, and telecommunications.

"EMC is pleased to be working with Convera in providing information storage systems and storage management software for digital broadcasting solutions," said Doron Kempel, Vice President and General Manager of EMC's Media Solutions Group. "As broadcasters implement digital archive management solutions, we believe that highly scalable and extensible architectures will enable them to achieve new levels of operational efficiency and revenue growth."

"More than ever, broadcasters are driving for greater workflow efficiency. As they transition to centralized models, they want to be guaranteed that the assets and applications their users need are available across an enterprise," said Mike Cronk, Vice President of Marketing for the Grass Valley Group. "The combination of the Convera Digital Broadcasting Solution, the Profile XP Media Platform and the ContentShare(TM) software platform delivers finger-tip accessibility to these video professionals."

The Grass Valley Group's Profile line, with more broadcast content on it than any other server, offers the industry's most open platform, supporting both the high-quality standards required for broadcast television, including SD and HD, and low-resolution required for the Internet, as well as MPEG, DVCPRO, MPEG Transport Streams (MTS) formats and Windows Media and RealVideo streaming formats.

The Grass Valley Group's XML (eXtensible Mark-up Language)-based ContentShare software platform provides an open framework for information access and exchange that any application can use.

Enhancements planned during 2001 for Convera's digital broadcasting solution include tighter integration with non-linear editors and the addition of broadcast automation systems and newsroom computer systems.

About The Grass Valley Group

The Grass Valley Group knows more about high-quality video than anybody else-especially as video goes digital. The Internet. Digital cinema. Data-enhanced broadcasting. Interactive television. It's a world of Digicasting - one that demands Media Without Bounds(TM) solutions.

Whether online or on the air, the Emmy(R) award-winning Grass Valley Group, a privately held digital media leader, has the hardware, software, and new media technologies to get content wherever it needs to go. For the latest Grass Valley Group product information, visit www.grassvalleygroup.com.

About Convera

Convera, the new company formed when Excalibur Technologies combined with Intel's Interactive Media Services division, is a leading provider of content management solutions that unlock the value of digital content.

Convera's advanced technologies, products, services and solutions empower content owners to extract value from their high-worth digital content--text, images and video--over the Internet, intranets, set top boxes and wireless devices.

Convera serves nearly 700 customers in 29 countries from its offices throughout the U.S. and Europe. Convera customers and partners include ABC News, BG Technology, British Telecom, chicagotribune.com, CSC, Digital Island, Discovery Communications, Encyclopedia Britannica, Exodus, FOXSPORTS.com, latimes.com, Loudeye, Microsoft, the National Basketball Association, NCR, Nortel Networks, Parametric Technologies, QXL.com, Raytheon, RealNetworks, Reuters, Sony, StorageTek, Sun Microsystems, UCLA, United Airlines, Warner Bros. Online and The World Bank.

For more information, contact Convera at 800/788-7758, via e-mail at [e-mail] or on the Web at www.convera.com.

The following are worldwide trademarks of Convera Corporation or its subsidiary Convera Technologies, Inc.: Convera(TM), RetrievalWare(R), ScreeningRoom(R), WebExpress(TM) and their respective logos.

This release contains comments about Convera's future expectations, performance, plans and prospects as well as assumptions about future events.

The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions, continued success in technological advances, and the risk that the businesses that were merged to create Convera, the Interactive Media Services Division of Intel Corporation and Excalibur Technologies, Inc., will not be integrated successfully. Actual results may differ materially from our expectations as the result of these and other important factors relating to Convera's business and product development efforts, which are further described in Excalibur's filings with the Securities and Exchange Commission.

These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements.