Elsacom and the Fantastic Corporation Partner to Develop Italian Market for Broadband Multimedia Services.CANNES, France--(BUSINESS WIRE)--February 9, 1998-- Elsacom to expand its service offering with The Fantastic Corporation's software solution Elsacom and The Fantastic Corporation(TM) announced a strategic partnership to develop the Italian market for broadband multimedia services. Elsacom will become Fantastic's preferred supplier in Italy for the distribution of Fantastic's broadband multimedia software solution to content providers and corporations. Fantastic's software technology enables the distribution of rich multimedia content (audio, video, data streams, software, etc.) over high-speed networks (e.g. satellite, cable, etc.) to PC's and next-generation set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. and set-top computers. The software technology enables a range of business-to-business applications to enhance communication while reducing costs and leveraging existing infrastructures. Soon entire multimedia annual reports, video presentations featuring CEOs or presidents or distance learning videos will appear on people's desktops without the agony agony, n severe pain or extreme suffering. agony 1. death struggle. 2. extreme suffering. of waiting for long downloads. Corporations will also be able to effectively and cost efficiently distribute software updates or synchronize See synchronization. databases among employees in any location. Elsacom, which is fast becoming a leading supplier of network services for broadband multimedia in the Italian market, will be able to further expand its service offering and further benefit from its cooperation with Astra-Net. With Fantastic's software technology, Elsacom is poised to further strengthen its position as a key player in the field of satellite communications and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. throughout Italy and potentially in other European countries. "The Italian market has one of the strongest economies in Europe based on both a large business sector and a diversified diversified (di·verˑ·s small business sector, and we are very excited about the synergies we will achieve with Elsacom in the fast-growing Italian market. We are looking forward to showing Italian business customers how they can exploit both the cost and speed advantages of Fantastic's software technology. For example, the banking, finance, insurance, pharmaceuticals, automotive and retail sectors are among the leading areas to benefit from our combined services. We are currently installing a system in Italy to support the first business customers," says Frank Ewald, Senior Vice President, Sales and Marketing. About Elsacom Elsacom is a Finmeccanica/Elsag Bailey company that offers mobile and fixed telecommunication satellite services. Elsacom is a strategic partner of Globalstar whose satellite system is based on a constellation Constellation, ship Constellation (kŏnstĭlā`shən), U.S. frigate, launched in 1797. It was named by President Washington for the constellation of 15 stars in the U.S. flag of that time. of 48 satellites in low orbit and it will be commercially available with mobile services from the first quarter of next year. Elsacom, based in Italy, operates also through its affiliates Elsacom Malta and Elsacom Ukraine in more than 20 European countries offering value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. fixed and mobile telecommunications, including multimedia and broadband services See broadband and broadband service provider. . The Fantastic Corporation(TM) The Fantastic Corporation was founded in February 1996 by the team who developed the first commercial data broadcasting system for PCs. Fantastic's end-to-end software solution for multimedia distribution works over satellite, cable, wireline, as well as terrestrial and other wireless networks. The Swiss American Swiss Americans are Americans of Swiss descent. There are several ethnic/linguistic subgroups among Swiss Americans, including Swiss German-speaking, Swiss French-speaking, and Swiss Italian-speaking. company has offices in Zug, Lugano, 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 , London and Singapore. The company's home page on the World Wide Web is: www.fantastic.ch. CONTACT: Elsacom Mario Sforza tel. +39-6-80 77 83 11 sforza@elsacom.finmeccanica.it or The Fantastic Corporation(TM) Candace Cheng tel. +41-41-728 8844 candace.cheng@fantastic.ch |
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