Convera and WordWave Partner to Deliver Searchable Streaming Media Solution; WordWave to Integrate Convera Screening Room into its Video Indexing Service.

Business Editors/Hi-Tech Writers

BOSTON & VIENNA, Va.--(BUSINESS WIRE)--Feb. 5, 2001

Convera (Nasdaq:CNVR), a leading provider of advanced technologies, products and solutions for unlocking the value in digital content, and WordWave, Inc., a global leader in digitized information transcription and searchable multimedia for the Internet, today announced that they have entered into a strategic licensing agreement to support WordWave's new searchable closed-captioned streaming media service.

In October 2000, WordWave announced a new Communications Division dedicated to providing content owners with a complete outsourced solution for captioning streaming media and making it easily searchable on the Web.

WordWave's new service will use Convera Screening Room to capture, archive and index digital video assets, then automate the process of synchronizing the video clips with the closed captions produced by WordWave's VITAC closed captioning division.

Screening Room's unique concept searching capability will be used to enable end users to search across the closed captioned text associated with each video clip. Unlike other offerings that generate closed-captioning automatically with speech-to-text technology, WordWave uses humans to produce the closed-captioned transcripts, providing greater accuracy for searching.

"After evaluating potential digital asset management partners to make our Video Indexing service possible, Screening Room was the clear choice for us," said Lisa Censullo, chief technology officer, WordWave.

"We needed a technology that is easy to use and learn, can process searches quickly over multiple servers, and, most importantly, can quickly synchronize video with our captioning. Screening Room makes it possible for us to provide a quick service to our clients."

WordWave is targeting television networks and business-to-business markets like corporate communications, investor relations, conferences and distance learning. WordWave currently provides closed-captioning for six major television networks, including such events as the Super Bowl, the Academy Awards and dozens of hours of weekly television programming.

For example, producers of a television cooking show, aiming to expand its audience by using the Internet as a delivery vehicle, can now makes their video archives available to all Internet users, including the hearing impaired.

By offering indexed, searchable programming, a viewer can go to the show's Web site, search for a specific recipe by typing in a keyword or concept such as "butterscotch pie," quickly retrieve the video clip, then view the recipe being prepared online while the associated closed-caption text appears on screen.

About WordWave

WordWave, Inc. is a leading solutions provider for making online digital media searchable. WordWave was founded in 1997 as LegaLink and through a series of 19 acquisitions, quickly became the leader in court reporting, transcriptioning and videography. WordWave acquired VITAC in January 2000, becoming the global leader in broadcast captioning.

Through its 20 acquisitions, WordWave has become an international conglomerate with 19 domestic offices and 6 international offices in Europe, Asia and Australia. WordWave is privately held with venture backing from Highland Capital Partners and Berkshire Partners. WordWave is available on the Web at www.wordwave.com. For information call 800/662-1466.

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 innovations 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 more than 650 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 Convera logo and the following are worldwide trademarks of Convera Corporation: Convera Corporation(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.