PR: UkrainaTV Licenses Wavexpress
12/15/2003 | Serhiy Hrysch
http://biz.yahoo.com/bw/031215/155469_1.html
UkrainaTV Licenses Wavexpress - Sets Stage for U.S. Launch of Ukrainian Video Channel This Week
Monday December 15, 10:25 am ET
MARKHAM, Ontario & NEW YORK--(BUSINESS WIRE)--Dec. 15, 2003--UkrainaTV, a leading distributor of Ukrainian television, today announced that it has contracted Wavexpress to deliver a subscription channel targeting an audience of approximately twenty million Ukrainian nationals living outside of Ukraine. The new video service, "UkrainaTV Premium," will be distributed to personal computers using Wavexpress' technology, over customers' existing broadband cable, satellite and DSL connections. The service is scheduled to go live on December 19, 2003. Financial terms were not disclosed. Wavexpress, a leading provider of broadband technology and services, is majority-owned by Wave Systems Corp. (NASDAQ: WAVX - News), a leader in trusted computing.
UkrainaTV is the latest company to select Wavexpress' media distribution platform to reach one of America's largest ethnic community audiences. Wavexpress gives content owners the ability to reach a widespread audience without requiring the addition of expensive hardware. UkrainaTV distributes world-class entertainment properties on the Internet, as well as through more traditional outlets such as television and theaters. UkrainaTV will use Wavexpress to offer news, short films, music videos, sports, special events, and top radio programming, all from a secure cache on each customer's personal computer. Access to programming will be available with a monthly UkrainaTV Premium subscription of $7.77.
Customers of UkrainaTV Broadband will activate their service from UkrainaTV's website: http://www.ukrainatv.com. Activation automatically installs Wavexpress' WX Client(TM), which handles the storage, management and playback of UkrainaTV programming. The WX Client delivers full-screen, DVD-quality programming. Customers will enjoy personal video recorder (PVR)-like features and be able to replay the programs an unlimited number of times at no extra cost. Also the TV service can "travel" with the customer if the customer is using a laptop computer. Subscribers will receive approximately five new programs per day. This exclusive content will not be available from other media outlets such as cable and satellite.
"By moving to a video distribution model based on secure caching, UkrainaTV is offering subscribers major improvements in picture quality and reliability," said Michael Sprague, president and COO, Wavexpress. "UkrainaTV is one of the first programmers to recognize streaming video will not satisfy the expectations of their broadband subscribers in 2004."
"Ukrainians will now have full-time access to programming from their home country," said Vasyl Kapeniak, president, UkrainaTV. "Our market research shows that UkrainaTV Premium will attract a sizable paying audience, and we expect this to help us reach our full revenue potential. We are delighted to have our programming available in broadcast quality for subscribers around the world."
About UkrainaTV
UkrainaTV's extensive catalogue of video content, which is available 24 hours a day, seven days a week, is the foundation of a proven business model based on advertising, sponsorship, syndication, and e-commerce. UkrainaTV is a privately-held company based in Markham, Ontario with key partnerships in USA, Canada and Ukraine.
About Wavexpress
Wavexpress enables secure broadband distribution of premium digital content. The company delivers full-screen, DVD-quality video, games, music and software. Wavexpress supports a variety of business models, including subscription, pay-per-view, and advertising services.
About Wave Systems Corp:
Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers. For more information about Wave, visit http://www.wave.com.
--------------------------------------------------------------------------------
Contact:
Wavexpress
Simon Tidnam, 917-250-4471
stidnam@wavexpress.com
or
UkrainaTV
Vasyl Kapeniak, 905-763-6349
kontakt@ukrainatv.com
--------------------------------------------------------------------------------
Source: Wavexpress
UkrainaTV Licenses Wavexpress - Sets Stage for U.S. Launch of Ukrainian Video Channel This Week
Monday December 15, 10:25 am ET
MARKHAM, Ontario & NEW YORK--(BUSINESS WIRE)--Dec. 15, 2003--UkrainaTV, a leading distributor of Ukrainian television, today announced that it has contracted Wavexpress to deliver a subscription channel targeting an audience of approximately twenty million Ukrainian nationals living outside of Ukraine. The new video service, "UkrainaTV Premium," will be distributed to personal computers using Wavexpress' technology, over customers' existing broadband cable, satellite and DSL connections. The service is scheduled to go live on December 19, 2003. Financial terms were not disclosed. Wavexpress, a leading provider of broadband technology and services, is majority-owned by Wave Systems Corp. (NASDAQ: WAVX - News), a leader in trusted computing.
UkrainaTV is the latest company to select Wavexpress' media distribution platform to reach one of America's largest ethnic community audiences. Wavexpress gives content owners the ability to reach a widespread audience without requiring the addition of expensive hardware. UkrainaTV distributes world-class entertainment properties on the Internet, as well as through more traditional outlets such as television and theaters. UkrainaTV will use Wavexpress to offer news, short films, music videos, sports, special events, and top radio programming, all from a secure cache on each customer's personal computer. Access to programming will be available with a monthly UkrainaTV Premium subscription of $7.77.
Customers of UkrainaTV Broadband will activate their service from UkrainaTV's website: http://www.ukrainatv.com. Activation automatically installs Wavexpress' WX Client(TM), which handles the storage, management and playback of UkrainaTV programming. The WX Client delivers full-screen, DVD-quality programming. Customers will enjoy personal video recorder (PVR)-like features and be able to replay the programs an unlimited number of times at no extra cost. Also the TV service can "travel" with the customer if the customer is using a laptop computer. Subscribers will receive approximately five new programs per day. This exclusive content will not be available from other media outlets such as cable and satellite.
"By moving to a video distribution model based on secure caching, UkrainaTV is offering subscribers major improvements in picture quality and reliability," said Michael Sprague, president and COO, Wavexpress. "UkrainaTV is one of the first programmers to recognize streaming video will not satisfy the expectations of their broadband subscribers in 2004."
"Ukrainians will now have full-time access to programming from their home country," said Vasyl Kapeniak, president, UkrainaTV. "Our market research shows that UkrainaTV Premium will attract a sizable paying audience, and we expect this to help us reach our full revenue potential. We are delighted to have our programming available in broadcast quality for subscribers around the world."
About UkrainaTV
UkrainaTV's extensive catalogue of video content, which is available 24 hours a day, seven days a week, is the foundation of a proven business model based on advertising, sponsorship, syndication, and e-commerce. UkrainaTV is a privately-held company based in Markham, Ontario with key partnerships in USA, Canada and Ukraine.
About Wavexpress
Wavexpress enables secure broadband distribution of premium digital content. The company delivers full-screen, DVD-quality video, games, music and software. Wavexpress supports a variety of business models, including subscription, pay-per-view, and advertising services.
About Wave Systems Corp:
Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers. For more information about Wave, visit http://www.wave.com.
--------------------------------------------------------------------------------
Contact:
Wavexpress
Simon Tidnam, 917-250-4471
stidnam@wavexpress.com
or
UkrainaTV
Vasyl Kapeniak, 905-763-6349
kontakt@ukrainatv.com
--------------------------------------------------------------------------------
Source: Wavexpress