SALT LAKE CITY, June 15 /PRNewswire-FirstCall/ -- Broadcast International, Inc. (OTC Bulletin Board: BCST) ("BI") announced today that it has received a patent grant for the CodecSys™ encoding platform in the country of India. The patent is broad in its nature and covers the unique, proprietary system used by CodecSys™ to deliver complex video streams over the Internet at bandwidths lower than previously achieved in the marketplace.
CodecSys™ is a breakthrough, multi-codec video compression software platform that dramatically reduces video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications to deliver HD video at lower bandwidth rates than previously achieved with legacy, outdated hardware encoders.
"We are aggressively moving towards expansion in the region with key partners and prospects in India. It's an explosive market and this patent will position us well to execute in this new arena," said Rod Tiede. "Video broadcast over IP is the new frontier in India and CodecSys will be a key contributor to rapid growth in that area."
About Broadcast International
Broadcast International is a leading provider of video-powered broadcast solutions, including IP, and digital satellite, Internet streaming and other types of wired/wireless network distribution. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as streaming video to cell phones, and offers unprecedented price/ performance benefits for existing applications such as HD video.
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.
SOURCE Broadcast International, Inc.