FAST Electronic announces OEM agreement with Panasonic broadcast and television systems; agreements provide Panasonic Dealer Channel with Video Machine Lite Technology for Desktop Video Editing Systems.FOSTER CITY, Calif.--(BUSINESS WIRE)--Nov. 22, 1995--FAST Electronic U.S. Inc. announced today it has entered into an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement with Panasonic Broadcast & Industrial Television Systems to incorporate FAST's desktop video editing board/software -- Video Machine Lite -- into Panasonic's new line of turnkey, A/B A/B Airborne A/B Afterburner (jet engines) A/B Air Blast A/B Answerback A/B Auto-brake A/B Air Bus A/B Afterburning roll computer/video editing systems. Called FASTEDIT, Panasonic's all-in-one integrated editing suite includes: three Panasonic AG-1970 VTRs; three Panasonic 13-inch monitors; and FAST's Video Machine Lite in a 486DX/66 PC. Marketed as a turnkey solution, FASTEDIT is fully integrated and includes all cables and free technical support. Central to the OEM agreement is FAST's machine edit-control technology which automates VTR (VideoTape Recorder) A videotape recording and playback machine. VTR may refer to consumer MiniDV and DV recorders or to professional machines such as Betacam, DVCPRO and DVCAM. functions through the computer. This expands the market for Panasonic monitors/VTRs packaged with the new system. Editing capabilities of FASTEDIT include six video inputs, A/B roll editing; real-time DVEs; hundreds of prebuilt digital video effects Visual effects created in the computer that provide interesting transitions from one scene to another rather than just switching frames. They include fading or dissolving the frame, wiping one frame over another and flipping the frame. See wipe, morphing and digital effects. such as zooms, picture-in-picture, tumbles, shrinks, strobes, mosaic, curtains and posterize; audio mixer/fader; edit-control; framegrabbing; luma/chroma keying; TrueType/PostScript title generator; SMPTE (Society of Motion Picture and Television Engineers, White Plains, NY, www.smpte.org) A professional society for motion picture and TV engineers with more than 9,000 members worldwide. It prepares standards and documentation for TV production. timecode; NTSC (National TV Standards Committee) The committee that developed the television standards for the U.S, which are also used in Canada, Japan, South Korea and several Central and South American countries. Both the committee and the standard are called "NTSC. , PAL, input/output; and Windows compatibility for easy import/export of CD images, graphics, titles, logos and animation files. Modular architecture provides an upgrade path to any FAST option, such as the Studio Control Box, Component YUV The color encoding system used for analog television worldwide (NTSC, PAL and SECAM). The YUV color space (color model) differs from RGB, which is what the camera captures and what humans view. Interface and the hybrid nonlinear editor-Digital Player/Recorder. FASTEDIT is designed for event videography, education/training productions, corporate video and other applications where high resolution S-Video throughput, upgradeability and price/performance are important requirements. Selectra Corp. of Walnut Creek, Calif., a Value Added Distributor/Reseller of desktop video products, has been contracted to handle system integration and technical support. FASTEDIT will be distributed by Panasonic Professional/Industrial Video dealers beginning November 1995, with a suggested retail price of $11,329. FAST Electronic designs, develops and markets PC-based video editing solutions for teleproduction, corporate, and business multimedia editing markets. FAST's products integrate proprietary software hardware and ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. technology to offer cost-effective video editing solutions that provide the benefits of both linear tape-based and nonlinear digital technology. CONTACT: FAST Electronic U.S., Foster City Bob Hatton, 415/345-3400 |
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