DG Systems Grants Limited License to Mitsui for CoolCast Technology.Business/High Tech Editors TOKYO and DALLAS--(BUSINESS WIRE)--Oct. 11, 2001 Mitsui & Co., Ltd. (Nasdaq:MITSY) and DG Systems' (Nasdaq:DGIT), StarGuide Digital Networks announced today that they have entered into a licensing agreement whereby Mitsui will evaluate the commercial viability of launching StarGuide's CoolCast(R) multicasting technology in Japan. This initiative follows Mitsui's testing of CoolCast in its laboratories as well as Mitsui's on-site evaluation of CoolCast's Internet broadcasting Internet Broadcasting (formerly Internet Broadcasting Systems), or IBS, is a provider of television station web sites. IBS hosts over 70 local stations' sites, and co-produced NBCOlympics. offering at Broadwing Inc.'s (NYSE NYSE See: New York Stock Exchange :BRW BRW Business Review Weekly (business magazine; Melbourne, Victoria, Australia) BRW Business Report Writer BRW Barrow, AK, USA - Barrow (Airport Code) BRW Business Requirement Worksheet ) ZoomTown.com ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line service in Cincinnati, Ohio “Cincinnati” redirects here. For other uses, see Cincinnati (disambiguation). Cincinnati is a city in the U.S. state of Ohio and the county seat of Hamilton County. . StarGuide Digital Networks is a domestic and international leader in proprietary satellite and Internet transmission technology and solutions for the broadcasting industry. Mitsui's Media Business Division is deploying satellite, cable broadcasting and Internet technology through strategic investments in JSAT Corporation JSAT Corporation (JSAT) is satellite operator with a fleet of 8 satellites in orbit. According to a 2004 report, JSAT was the fifth largest satellite operator in the world, ranked by 2003 fiscal year revenue. , Sky PerfecTV!, various cable operators and, recently, digital satellite TV stations. CoolCast (www.coolcast.com), a division of DG Systems, is a patented Internet broadcasting platform that aggregates and delivers live, TV-quality video and CD-quality digital audio to broadband PC users, bypassing the congested con·gest·ed adj. Affected with or characterized by congestion. congested ENT adjective Referring to a boggy blood-filled tissue. See Nasal congestion. Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. using satellite and terrestrial multicast technology. CoolCast delivers branded media and entertainment from both well-known and niche content providers. Mr. Ken Oka, Manager of Mitsui's Media Business Division Satellite Project Department, commented, "Through StarGuide, DG Systems has provided us and our customers with many fine professional media distribution solutions over the years. We are pleased to enter into this additional agreement to test DG Systems' unique and innovative CoolCast technology for possible deployment in Japan." Jeff Dankworth, President of DG Systems and StarGuide, explained, "Mitsui is an outstanding company, long recognized for providing reliable and innovative products, services, and solutions for its customers. We are very pleased to be working together with the team at Mitsui toward delivering Japanese and Asian consumers a new high quality efficient entertainment medium for TV quality video and CD quality audio." Mitsui has been distributing StarGuide's audio and satellite equipment and systems to broadcasters in Japan and Asia for five years. The CoolCast technology is patented under U.S. Patent Nos. 6,101,180, 6,226,339, and 6,262,982 and Australian Patent 727,421. The technology also is the subject of patents pending in Japan and elsewhere. About Mitsui & Co., Ltd.: Mitsui & Co. is one of Japan's leading sogo shosha Sogo shosha (総合商社 sōgō shōsha , or general trading companies, with total trading transaction of Yen 13,200.7 billion for the fiscal year ended March 31, 2000. Mitsui's Media Business Division has been engaged in focusing on satellite and cable broadcasting, Internet and content for this media through strategic investment in key players in the media business field such as JSAT Corporation, Sky PerfecTV!, various cable operators and recently some digital satellite TV stations. Mitsui will continue to pioneer the future of communications and broadcasting by introducing leading technologies and services from overseas. More information is available at www.mitsui.co.jp. About DG Systems: DG Systems and the Company's StarGuide division provide the standard in Digital Media Exchange services for the advertising and broadcast industries, featuring innovative satellite and Internet transmission technology solutions and a suite of digital media asset management tools. DG's extensive delivery network is the largest in the advertising and broadcasting industries, reaching more than 5,000 advertisers and agencies, 7,500 radio stations, and 850 television broadcast facilities with innovative delivery and management solutions for short- and long-form audio and video content. For more information, please contact the Company at 972/581-2000 or at www.dgsystems.com. This release contains forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc DG Systems, including the expansion of its digital distribution network, and the demand among certain clients for digital audio and video delivery services. These forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to DG Systems' business are set forth in the company's 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. filed with the Securities and Exchange Commission on August 14, 2001, and the company's proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. dated May 18, 2001. |
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