Excalibur and StorageTek Demonstrate Industry's First Plug-and-Play Media Management Appliance.ORLANDO, Fla.--(BUSINESS WIRE)--Oct. 19, 1998-- Powered by Excalibur Screening Room(TM), Excalibur's Advanced New Video Asset Management Product Establishes Leading Position in Growing Market Excalibur Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EXCA EXCA Exchangeable Card Architecture EXCA European Expanded Clay Association (Brussels, Belgium) ), a leading provider of knowledge retrieval and media asset management solutions, and StorageTek(R) (Storage Technology Corp.)(NYSE NYSE See: New York Stock Exchange :STK), the preeminent provider of network storage, today demonstrated the industry's first network-ready "Media Management Appliance," an integrated software Separate software components or applications that have been combined into one package. See integrated software package. , tape and disk solution that enables fast, easy and intelligent management of corporate video assets. Previewed at StorageTek's annual customer conference, the demonstration showed how a typical customer could use the Media Management Appliance to capture, catalogue, archive, search, retrieve and view corporate videos from a standard, web-enabled browser in a 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. environment. The Media Management Appliance combines Excalibur Screening Room(TM), an advanced and highly scalable solution for managing video over corporate intranets and extranets, with StorageTek's Application Storage Manager(TM) (ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. ) software, Timberwolf 9714 tape library and OPENstorage Disk family. It is the first technology demonstration resulting from the recently-announced licensing, development and distribution agreement between StorageTek and Excalibur (announced separately August 24, 1998). Under that agreement, the two companies have established a Joint Development Lab dedicated to creating a new class of solutions for managing enterprise digital assets. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent market study by Frost and Sullivan, a leading industry consultant, the potential market for Digital Media Management (DMM See multimeter. DMM - Digital Multimeter ) is expected to grow significantly. Revenue forecasts (U.S.) for the DMM market is projected by Frost and Sullivan to grow from $152.1 million in 1998 to more than $2.5 billion by 2004. "The approach of the digital age is unstoppable, and soon virtually all media will have digital form, " said John McCormick Noun 1. John McCormick - United States operatic tenor (born in Ireland) (1884-1945) McCormick , senior analyst with Frost and Sullivan. "DMM solutions are rapidly becoming popular as companies find themselves swamped with digital assets. Systems to capture, store, index, access and distribute those assets will be in great demand." Products such as the Media Management Appliance directly address corporate users' need to manage the explosion of digital information throughout the enterprise. For example, television, video, computers and the Internet are rapidly compounding the amount of information that corporations need to store, access and manage. During today's demonstrations, StorageTek and Excalibur pointed to future Information Management solutions tailored to address the specific needs of customers in a spectrum of industries, from broadcast to telecommunications, government, education and more. "Excalibur's advanced text and retrieval applications are the perfect complement to StorageTek's end-to-end storage solutions," said Jean Reiczyk, vice president and general manager of StorageTek's solutions business group. "Today's demonstration provides a glimpse of the innovative information management solutions that StorageTek and Excalibur will soon bring to market." About Excalibur Screening Room Excalibur Screening Room(TM) is an advanced end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for real-time capturing, analyzing, cataloguing, browsing, searching, and retrieving video and text over corporate intranets and extranets. It enables video rich organizations to easily capture analog or digital video, automatically create an intelligent video storyboard A sequence of images and annotations for a cartoon, animation or video. Storyboards are previews of the final version and typically contain mockups rather than final art and images. Before computers, storyboards were drawn with pen and ink on lightweight cardboard. , and play it back in any of the industry's standard video file formats. Screening Room users can then automatically browse, search, and retrieve precisely what video clips they are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. without having to play or watch the video in its entirety. About StorageTek StorageTek is the preeminent provider of network storage. The company's products and services are used to store, transport and secure more than 100 petabytes of the world's information, ranging from mainframe data to client/server applications to video, audio and still images. The company, based in Louisville, Colo., reported earnings of $232 million on revenue of $2.1 billion in 1997. Information on StorageTek is available on the World Wide Web at http://www.storagetek.com or phone StorageTek at (1-800-STORTEK). About Excalibur Technologies Corp. Founded in 1980, Excalibur Technologies Corp. (NASDAQ:EXCA) is the pioneer of innovative Knowledge Retrieval software solutions that empower people and enable organizations to transform information into knowledge. As the world's leading developer of high-performance software products for search and retrieval of knowledge assets over all media types -- paper documents, text, images, video, and other multi-media data types, throughout intranets, LANs/WANs, Xtranets and the Internet -- Excalibur gives comprehensive access to find the precise information people need, no matter where it is stored, in whatever form. This release contains comments about Excalibur's future expectations, performance, plans and prospects which might constitute forward-looking statements within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Actual results may differ materially from our expectations as the result of various important factors including, but not limited to, the success of our relationships with strategic partners, Excalibur's ability to continue to develop competitive products and make timely product releases, effects of competition, and the rapidly changing marketplace. These and other risks relating to Excalibur's business and product development efforts are set forth in the Company's respective 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. and Form 10-Qs as filed with the Securities and Exchange Commission. Contact Excalibur in North America at 800/788-7758 or 703/761-3700, in the United Kingdom at 44-1344-893-444, via e-mail at info@excalib.com or visit our web site at www.excalib.com. The Excalibur logo and the following are worldwide registered trademarks of Excalibur Technologies Corp.: Excalibur Technologies Corp.(R), RetrievalWare(R), Excalibur Visual RetrievalWare(R), EFS EFS Encrypted File System (Microsoft Windows 2000) EFS Event Free Survival (survival rates in clinical trials) EFS Evangeliska Fosterlandsstiftelsen (Sweden) (R), and APRP APRP Adaptive Pattern Recognition Processing (Convera) APrP A Priori Probability (R). Excalibur Internet Spider(TM), Excalibur Video Analysis Engine(TM), Excalibur Screening Room(TM), The Excalibur Edge(TM) partners program, and their respective logos are trademarks of Excalibur Technologies Corp. StorageTek is a registered trademark of Storage Technology Corp. All other names or marks may be registered trademarks or trademarks of their respective owners. |
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