PictureTel Announces That Valeo Will Standardize Global Videoconferencing Infrastructure On iPower.Business Editors/Hi-Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--June 21, 2001 European Automotive Giant Selects the PictureTel 900 Series and the PictureTel 600 Series Integrated Collaboration Solutions PictureTel(R) Corporation (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 :PCTL PCTL Percentile PCTL Prioritized Candidate Target List ), the world leader in integrated collaboration, announced today that Valeo, one of the world's top 10 automotive suppliers, has selected the PictureTel 900 Series(TM) and the PictureTel 600 Series(TM) for its worldwide organization. Valeo, a long-time PictureTel customer with an installed base of more than 140 systems, will deploy approximately 200 state-of-the-art iPower(TM) systems. Headquartered in Paris with more than 75,000 employees in 24 countries, Valeo is an independent industrial group focused on the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . The Group designs, manufactures, and sells components, integrated systems, and modules for cars and trucks, both in the original equipment and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. segments. Valeo works with all of the major automakers from North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia. Valeo will harness the PictureTel 900 Series and PictureTel 600 Series videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems solutions to enable collaborative engineering, conduct business reviews, speed the product development process, and continue to enhance its project management infrastructure. "We know that our greatest asset is the knowledge of our staff," states Francois Blanc, Worldwide CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. of Valeo. "As other customers, Valeo is highly committed to recognizing individual skills, providing continuous training, and empowering employees throughout the organization to determine how they will manage the resources at their disposal. Videoconferencing is an important resource that enables the most knowledgeable individuals to participate in the decision-making process - regardless of their physical location. This, in turn, enables organizations to achieve the highest levels of efficiency and the fastest time to market. Equally important, videoconferencing reduces the requirement for corporate travel - which makes a positive contribution to our employees' quality of life." About iPower The PictureTel 900 Series and the PictureTel 600 Series products utilize the next-generation iPower integrated collaboration architecture, developed jointly by PictureTel and Intel. The iPower family represents a new category of integrated collaboration solutions - combining videoconferencing, the PC, and the Internet to deliver intuitive, media-rich remote communications (1) Communicating via long distances. (2) See remote control software. that provide the first real synonym synonym (sĭn`ənĭm) [Gr.,=having the same name], word having a meaning that is the same as or very similar to the meaning of another word of the same language. Some are alike in some meanings only, as live and dwell. for face-to-face interaction. In addition to the world's best audio and video quality, the solutions offer a familiar Windows interface, and simple, yet powerful information sharing See data conferencing. capabilities. The first two members of the iPower family are: -- The PictureTel 900 Series: The top-of-the-line iPower offering, the PictureTel 900 Series is optimized for the most demanding conference room environments. The solution boasts a Pentium III Processor that enables conference participants to harness even the most memory-intensive applications - delivering the highest level of data-sharing for mission-critical applications. The PictureTel 900 Series also offers the flexibility of working with multiple networks, including v.35, ISDN, and IP, enabling the end user to achieve high quality with a variety of network bandwidths and network interfaces. An on-board floppy and CD-ROM drive and the ability to connect to any standard meeting peripheral enable meeting participants to easily re-create the in-person experience. -- PictureTel 600 Series: The first comprehensive collaboration solution in a compact package, the PictureTel 600 Series harnesses technology, design, and manufacturing expertise from Sharp Corporation. The solution's unique two-part design can be set up as an all-in-one, appliance-type unit for a top of monitor placement, or split into two pieces - a sleek camera/microphone unit and a compact base station. The flexible design enables compatibility with today's more popular flat panel displays and PC projectors. "A number of factors are converging - driving significant global adoption for the iPower solutions," states Lew Jaffe, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , PictureTel. "The iPower platform delivers the broadcast-quality video and audio quality users have, for so long, hoped for. The ability to share information, access LAN-based applications, edit documents, send e-mail, etc., truly re-creating the in-person experience, is driving much higher return on investment than realized with traditional talking heads
Talking Heads were an American rock band that formed in the early 1970s and was based out of New York City. The group consisted of David Byrne, Chris Frantz, Tina Weymouth and Jerry Harrison. solutions. The novelty of seeing one another has, most definitely, worn off. Organizations such as Valeo are utilizing iPower to most efficiently harness their vast knowledge stores and deliver the best possible quality of life to their employees." About PictureTel PictureTel Corporation (NASDAQ:PCTL) is the world leader in developing, manufacturing, and marketing a full range of visual- and audio- collaboration platforms An emerging category of computer software, collaboration platforms are unified electronic platforms that support synchronous and asynchronous communication through a variety of devices and channels. . PictureTel markets network conferencing servers in addition to the complete range of end-point products and delivers a global capability to service, support, and provide complete solutions for customers needing rich media communications. PictureTel is fundamentally in the business of eliminating the barrier of distance, enabling people to be Anywhere Now.(TM) This release includes projections and other 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. about the company's revenues, earnings, and other measures of economic performance. Actual results could differ materially from forecasts due to many factors such as, for example, competitive pressures, changes in technology, and the difficulty in forecasting in overseas markets and indirect channels. Additional information concerning risks that could cause actual results to differ is contained in the company's annual report on 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 its Form 10-Q Form 10-Q See 10-Q. as filed with the SEC. The company undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. PictureTel is a registered trademark of PictureTel Corporation. PictureTel 900 Series, iPower, and Anywhere Now are trademarks of PictureTel Corporation. All other terms and products names may be trademark or registered trademarks of their respective owners. |
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