Virage To Highlight News Monitoring and Video Surveillance Applications At The Government Video Expo 2002 Conference
Live Demonstration At Virage Booth #727 With Partnering Companies Network Appliance and TGS
SAN MATEO, Calif. - December 2, 2002 - Virage, Inc. [NASDAQ: VRGE], a leading provider of video and rich media communication software, today announced that it will address its newest intelligence applications for real-time news monitoring and video surveillance at the Government Video Expo 2002 Conference in Washington D.C. on December 4th and 5th.
Having received funding from the United States Defense Advanced Research Project Agency (DARPA) in 1996, Virage continues to build mission-critical applications such as video surveillance, news monitoring and webcasting for a wide variety of government customers. The Virage SmartEncode™ products combine key-frame detection, speech recognition, audio classification, speaker identification, face recognition, and on-screen text recognition in a real-time multi-modal indexing and encoding product. At the Government Video Expo, Virage will demonstrate for the first time its newest developments in scene detection, automatic video segmentation, story and topic identification, Arabic speech recognition, and language translation. These technologies combine to offer government agencies the ability to monitor, analyze and detect data of interest from national and international television news programs in real time. Once detected, the system can generate automatic alerts, such as e-mail notifications, based on pre-defined profiles.
The Virage platform is composed of the SmartEncode family of products and the Virage Solution Server™. In addition to the intelligence applications mentioned previously, the platform also powers Virage's turnkey enterprise applications-VS Production™ for streamlining the video production process, VS Publishing™ for publishing video content online, and VS Webcasting™ for planning and producing interactive, live, and on-demand webcasts for speeches, seminars, training and online learning. All three applications will also be demonstrated at the Expo.
In October, Virage announced that the U.S. Senate will implement a system combining technology from Virage and TGS to digitally record and stream Senate proceedings on a daily basis. The U.S. Senate project, aimed at providing better access to Senate proceedings, will capture all video and audio from the Senate Chamber and then be made available for viewing, from web browsers, by all Senators and their staffs. TGS, a leading systems integrator in the field of video, audio, and data convergence, will be present in the Virage booth to discuss the U.S. Senate project and demonstrate digital conversion with custom media servers.
Virage partner Network Appliance, a leader in enterprise network storage, will have representatives on hand demonstrating its enterprise class streaming media solutions. Network Appliance's industry leading content delivery solutions are used by major enterprises and government agencies for applications ranging from corporate communications to e-Learning.
To schedule an appointment with Virage and its partners at Government Video Expo 2002 (located in Booth #727), please call +1 (650) 372-3496.
Virage serves more than two-dozen government customers worldwide and several U.S. intelligence agencies. For more information about Virage customers, please visit www.virage.com/customers.
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. Headquartered in San Mateo, California, Virage (www.virage.com) has offices throughout the United States and Europe.
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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 "will address", "will demonstrate", "will implement", "will also be", "will capture", "will be present", and "will have representatives" 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 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.
Virage and VideoLogger are registered trademarks. The Virage logo, SmartEncode, MediaSync, Virage ControlCenter, Virage Solution Server, VS Webcasting, VS Publishing and VS Production 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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