SAN MATEO, Calif. - May 20, 2002 - Virage, Inc. [NASDAQ: VRGE] announced today that Williams [NYSE: WMB] has deployed the Virage Rich Media Application Platform in support of EnergyNewsLive.com, the world's only real-time energy network. Virage is a leading provider of video and rich media communication software.
"Our goal at EnergyNewsLive is to provide energy professionals with up-to-the-minute news and information that may impact their decision making," said Chris Kingham, general manager at EnergyNewsLive. "With nine daily newscasts and a video library of more than 3,500 segments, we needed a solution that would help us to scale our webcast offering without sacrificing quality. Virage allows us to manage video content efficiently while enabling our viewers to quickly find the information they need."
EnergyNewsLive.com is a business news service tailored to energy professionals. Operating since October of 2000, the network combines webcasts of the latest energy news with a variety of content and analysis tools, proprietary industry-leading weather models, and a host of other information all bundled in a rich multimedia experience. EnergyNewsLive.com was recently recognized by National Journal as the best commercial site for energy news.
Williams leverages the Virage SmartEncode™ products, including VideoLogger®, as well as the Virage Solution Server™ to encode, index, manage, and deliver video content within the EnergyNewsLive.com site. In addition to viewing live webcasts nine times each business day, ENL users can also replay the most recent newscast on-demand, view any newscast or daily wrapup from the most recent week, or search by keyword on any newscast from the last two weeks.
"EnergyNewsLive is a great example of delivering the right information to the right audience at the right time," said Dave Girouard, senior vice president of marketing and strategy at Virage. "We're proud to play a part in delivering one of the most comprehensive and cutting-edge services to energy professionals everywhere."
About Virage
Established in 1995, Virage is a leading provider of video and rich media communication software. Virage builds integrated rich-media business solutions for corporations, media & entertainment companies, universities and government agencies worldwide. Headquarted in San Mateo, California, Virage (www.virage.com) has offices throughout the United States and Europe.
Forward Looking Statements
This press release contains "forward-looking" statements about the products and services of Virage, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are denoted by such words as "goal", "allows" 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 but not limited to our annual report on Form 10-K and 10-Q filings, available online at http://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.
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Virage and VideoLogger are registered trademarks. The Virage logo, SmartEncode and Virage Solution Server are trademarks of Virage, Inc. Other company product and service names may be trademarks or service marks of others, and are hereby acknowledged.
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