NASA Awards Leading Edge Design & Systems a Contract for Virage Integration and the Modernization of Its Multimedia Asset Management System
Hanover, Maryland - February 26, 2001 - Leading Edge Design & Systems (LEDS), a full-service provider of end-to-end digital information management and exploitation (DIME™) systems, was awarded a contract by NASA to further enhance and complete a Virage-based multimedia asset management system at the agency's Langley facility in Hampton, Virginia. NASA chose LEDS for this project based on the Company's demonstrated expertise and track record of success.
NASA's Video Applications Group (VAG) sought a powerful yet user-friendly and efficient solution for indexing all of their videos in order to drastically reduce the search process and make these assets available for internal and external use. With the video indexing and search solution from Virage, Inc. (Nasdaq: VRGE), the VAG gained both a fast search tool and a valuable archiving system that helped protect its many hours of footage, some of which is rare and irreplaceable.
The project, featured in the February 2001 issue of Government Video magazine (p.45), is a yearlong effort that begins with launching the system within the month and continues with dedicated maintenance and support. Since beginning the project a short time ago, LEDS has produced significant benefits to its customer. "The support we have been provided demonstrates Leading Edge's and Virage's dedication to assure customer satisfaction in their products and services," said Sheri Beam, VAG's Executive Producer. "After being on site for an hour or so, a Leading Edge expert had already discovered a way that the product could increase the impact of the technology for us."
LEDS combines its expertise with the industry leading technologies of Virage's video application platform and RealNetworks¬ RealSystem¬ iQ, digital media delivery system, to create total information management and delivery solutions. One of these applications is its Distance Learning solution. This system is the answer to customers' needs to train their employees in a cost-effective and highly efficient way by allowing them to take courses on-demand and to track their results for better performance and retention. With the distance learning solution, customers reduce travel costs and employee downtime with on-demand, online course delivery and they increase training effectiveness by automatically tracking student performance to target areas for continuing improvement. Another application is the Company's Business Intelligence solution, a data mining and information tracking application for corporate and government clients. This system monitors information from a broad range of sources, including television broadcasts and the Internet, to deliver reports of critical activities and other competitive data that helps clients make better business decisions and set more effective strategies.
About Leading Edge Design & Systems, Inc.
Leading Edge Design & Systems is a network systems integration and design company founded in 1984. Since then, it has been involved in some of the most cutting edge projects, including high-level network security and media asset management applications for the intelligence community. Its breadth of network experience spans both wired and wireless networks and a broad array of software solutions. The company is partnered with RealNetworks and Virage to develop customized media asset management systems for its clients in the intelligence community and commercial sector. Contact LEDS at www.leadingedgedesign.com or (410) 787-7036.
About Virage, Inc.
Headquartered in San Mateo, California, Virage is the leading provider of solutions that enable video for strategic online applications. The Virage Video Application Platform transforms video into an effective online medium that is easy to publish, manage and distribute on the Internet or corporate intranets. The Virage platform provides content owners with the complete infrastructure for seamlessly integrating streaming video into business, entertainment and information applications. From ABC to Yahoo! over 200 customers across a broad range of markets have turned to Virage to help them improve production efficiencies and create new revenue opportunities with video.
About RealSystem iQ.
RealSystem iQ is a robust, standards-based, end-to-end system architecture that can provide a single common framework for global Internet media delivery-from any platform, in any format, and to any device. Suited for the most demanding customers-from enterprises, to broadcasters, to ISPs, to infrastructure providers-RealSystem iQ creates, in effect, a peer-to-peer network of streaming servers optimized for the cost-effective and reliable delivery of digital media.
This press release contains "forward looking" statements about the products and services of Virage and Leading Edge Design and Systems, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are denoted by such words as "will complement" and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including our Registration Statement on Form S-1, as amended, available online at www.sec.gov. All forward looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
Leading Edge Design & Systems, DIME, and the Leading Edge Design & Systems logo are registered trademarks of Leading Edge Design & Systems, Inc.
Virage, VideoLogger and the Virage logo are registered trademarks and Virage Application Server and SmartEncode are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
RealNetworks and RealSystem are registered trademarks of RealNetworks, Inc. All other companies or products listed herein are trademarks or registered trademarks of their respective owners.
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