DiskOnChip Integrated Into New Wireless Internet Application; Captivate Networks Takes the Internet to High-Rise Elevators.Business Editors & High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--May 18, 2000 M-Systems Flash Disk Pioneers Ltd. (Nasdaq:FLSH), a leader in flash disk data storage products for the Internet appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. and network infrastructure markets, Thursday announced that Captivate Network Inc., the first new media company to bring the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the into elevators, has integrated DiskOnChip into its wireless digital screens delivering Internet content. Using DiskOnChip's technology, Captivate's 10- and 12-inch flat-panel screens are linked to the Internet and deliver demographically tailored news, weather, sports, travel and entertainment to office and hotel elevators. Captivate's screens are designed to inform and entertain elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, passengers by providing timely and useful information to passengers. "As the wireless Internet market grows, devices such as Captivate's Internet display will continue to find new innovative applications," said Chuck Schouw, president of M-Systems Inc. "It is visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. companies like Captivate which see the value of integrating DiskOnChip technology into cutting-edge communication tools that contribute to the success of the company." Captivate Network has been selected by more than a dozen of the nation's leading real estate companies as the exclusive provider of programming to nearly 500 high-rise office buildings. In the first year Captivate will install screens and provide customized media feeds in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, Boston, Dallas, Houston, Atlanta and Washington, D.C., and other cities. In 2001, Captivate's reach will extend to Denver, Miami, Philadelphia, Seattle, Austin, Texas and several other major cities. "DiskOnChip was selected as the optimal data storage solution for our wireless Internet programming device," said Raymond Pineau, Captivate's vice president, engineering and manufacturing. "The cost-efficient technology provides us with a highly reliable, rugged solution that withstands the various levels of shock and vibration, and temperature change associated with an elevator's environment -- an advantage over traditional storage solutions." DiskOnChip is quickly becoming the de-facto standard flash disk solution for Internet appliances because it provides a cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. , low power, plug-n-play, easy-to-integrate flash disk with a wide range in capacities, from 8 to 288MB. About M-Systems Flash Disk Pioneers Ltd. M-Systems Flash Disk Pioneers Ltd. is a leading developer, manufacturer and marketer of innovative data storage products, known as flash disks, that are primarily used in Internet appliances, network infrastructure equipment and other embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. . The company's flash disks provide the functionality of a mechanical hard drive on a solid-state silicon chip. M-Systems was first to bring to market a complete flash disk in a single die using breakthrough DiskOnChip Millennium technology. The company's products are based on its patented TrueFFS technology, and include the DiskOnChip and Fast Flash Disk (FFD FFD film-focal distance. ) families. For more information, contact M-Systems at 8371 Central Ave., Suite A, Newark, Calif. 94560. Telephone: 510/494-2090, e-mail: info@m-sys.com and on the Internet: http://www.m-sys.com. Captivate Network Captivate Network (www.captivatenetwork.com) was founded in October 1997 by Michael DiFranza, Todd Newville and Ray Pineau and is privately held. Current venture capital investors include ABS (Automatic Backup System) See backup program. Capital Partners, Advent International Advent International - a long-established and leading global private equity investor Background Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. , Olympic Venture Partners and Primus Venture Partners Inc. The company has headquarters in Westford, Mass. and currently employs 80 people, with plans to expand to 155 by year-end. For more information, contact Captivate at 133 Littleton Rd., Westford, Mass., 01886. Telephone: 888/383-3737 and on the Internet at: http://www.captivatenetwork.com. The matters discussed in this news release include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties that may cause actual results to vary significantly. These risks include market and competitive factors, and other risks described in the company's most recent prospectuses and other periodic reports filed with the Securities and Exchange Commission. The company assumes no obligation to update the information in this release. |
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