DPS Announces Three Major New Product Initiatives; Company Enters New Market Segment And Expands Desktop Offerings.MARKHAM, ONTARIO--(BUSINESS WIRE)--Aug. 6, 1997--Digital Processing Systems Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : DPS Minicomputer series from Bull HN. 1. (language, text) DPS - Display PostScript. 2. (language) DPS - A real-time language with direct expression of timing requests. ["Language Constructs for Distributed Real-Time PRogramming", I. .) DPS Disk Recorder Technology to be Applied to Security Surveillance Market DPS Expands Desktop Offerings with its First Real-Time Video Editing Real-time video editing is a system of editing video where it takes no longer to render a video than the length of that video clip itself. For example, after a 30 minute length of video is edited it needs to be rendered, and should the system take more than 30 minutes to render the Product DPS Announces Non-Linear Video Editing See nonlinear video editing. Solution under US$1,000 Digital Processing Digital processing is the process of altering digital data in any form. The most common situations where digital processing is involved are computer graphics and digital audio processing. Systems Inc. (TSE - DPS) today announced three new major product initiatives that will see the Company capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its expertise in digital disk recording to enter a new market segment and expand its desktop video product offerings. DPS enters a new market segment with its disk recorder for the rapidly growing Closed Circuit Television (CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television ) market. The new product, in development since last year, will allow users to replace their current time-lapse tape machines with a cost-effective, quality-improved digital recording system. DPS will provide the disk recorder component to system integrators who will add cameras, monitors and cash register interfaces to provide a complete solution for use in retail stores, with ATM's and in other applications, such as casinos, that require continuous monitoring. Disk technology provides a number of important advantages in the surveillance application, including digital video quality and the ability to record selectively based on motion detection or other sensed conditions. Remote control, and the transmission of images over networks or via telephone modem adds flexibility and reduces false alarms. Previously too expensive for many applications, the technology developed by DPS has brought costs into a range comparable with existing analog tape solutions. The Company expects its first product to begin shipping by the end of the year, with live demonstrations this fall. DPS also announced its first foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my real-time video editing with its new dual-stream disk recorder and real-time 3D effects card for use in professional editing and effects creation. The disk recorder is targeted to the Post-Production market and optimized for Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. and DEC Alpha See Alpha. (processor) DEC Alpha - A RISC microprocessor from DEC. In November 1995, the Alpha was purportedly the fastest non-research chip used in commonly available workstations. It is superpipelined and superscalar. operating environments. The products were unveiled at the August 97 Siggraph trade show in Los Angeles and will begin shipping in the first quarter of 1998 in conjunction with software developed by the Company's recently acquired Star Media division. The real-time capability of the new product expands DPS's current hardware offerings, which already allow for off-line rendering of high quality video editing effects and transitions. In the Desktop Multimedia market segment, DPS has entered into a licensing agreement with Pennsylvania-based Quadrant International, Inc. ("QI") to introduce a professional non-linear video editing PC card solution. The EditBay product will be launched in September and will use the Video Action software package from recently acquired Star Media. DPS EditBay is a powerful yet affordable system than enables video professionals and enthusiasts to capture, edit and output quality video. The combination of the PCI bus live video capture card See video capture board. and Video Action software will be targeted at the rapidly growing industrial and "prosumer (PROfessional conSUMER) A person who is very knowledgeable about a subject and likes to purchase high-quality equipment. For example, many digital cameras fall into the prosumer category. " marketplace, and will be aggressively priced at below US$1,000. The product is DPS's second offering in the desktop multimedia segment and complements the recently introduced Spark card which is used for editing material created by the new digital video cameras. President of the Company Rui Luis said, "These developments allow DPS to expand opportunities in both existing business segments as well as new but related segments. The Company believes that the application of digital disk technology to the rapidly expanding surveillance market is a natural development, and the task well suited to DPS capabilities." 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. Dr. Keith Lucas said that the new products in the Desktop editing segment expand the DPS portfolio to all levels of the market. "We now supply video editing and effects products for the complete range of applications from multimedia presentations to the most advanced real-time post-production projects." About DPS - DPS is a leading designer and manufacturer of electronic hardware and software used for creating, editing and processing broadcast-quality video and audio material. The Company has four business segments, Studio Products, Desktop Professional Post-Production, Desktop Multimedia and Digital Security Systems. The Company's products are used throughout the world by the computer-based desktop video production industry, television broadcasters and by video production and post-production studios. Visit our web site at http://www.dps.com . About Quadrant International - Quadrant International (QI) is a leader in the convergence industry, where consumer electronics, telephony, entertainment and computer intersect. QI plays a major role in the development of convergence technologies and works with customers to develop convergence solutions. QI's host of convergence solutions includes product technology licensing, software design and implementation, systems engineering consulting, and technological support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Leveraging the management team's extensive experience in the digital video industry, QI has established a reputation for delivering superior technological advantages. CONTACT: Digital Processing Systems Inc. Dr. Keith Lucas, 905/ 944-4004 E-mail: keith.lucas@dps.com or Digital Processing Systems Inc. Ken MacKenzie, 905/ 944-4005 E-mail: ken.mackenzie@dps.com |
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