Spinoff From Industry Leader, Telemedia Systems, To Unveil New Internet-Based TV & Pro-Editing Technology At NAB 2000, (April 8-13) in Las Vegas

LOS ANGELES, February 17, 2000-- Until now, television and video professionals have been unable to use the internet to work effectively with broadcast-quality video, despite the hype over broadband and streaming media. It's a problem of too-little bandwidth and too-big megabytes. Fortunately, Internet Pro Video, Inc., (IPV) has created a solution--a revolutionary technology that provides instant access to real-time video source-material anywhere in the world, at a choice of resolutions, with functions that research, collaborate, acquire, and edit over the internet.

The brain-child of forward-thinkers at Britain's Telemedia Systems, Ltd., the world leader in video browsing technologies, Los Angeles-based IPV is unveiling its invention to broadcast professionals at booth MI 1533 at the National Association of Broadcasters show (NAB 2000) in the Sands Convention Center, Las Vegas, Nevada, April 8-13.

At the heart of the IPV technology is a revolutionary new way to work with digital video using unique Scaleable Media Encoding compression which truly harnesses the benefits of the internet for use in editing, browsing, sharing and storing footage.

Alan Chaney, Founder and CEO of IPV, Inc. said IPV Scaleable Media Encoding is the first to offer a true solution to the bandwidth problem. "IPV's technology allows editors to finally use the internet to acquire video with instant access to every single frame with total frame- and timecode-accuracy and a choice of resolutions, up to full broadcast quality. What's more, IPV products do it using commonly used applications, such as QuickTime, and standard DV equipment most editors already have," he said.

"The beauty of IPV is that DV editors can start working with a clip acquired over the internet instantly. There is no waiting for hours for a full-resolution video file to download, or days for a tape to arrive," said Chaney, who was 5 years with Telemedia Systems and helped develop its world-standard shadow browsing system. "With IPV, editors can choose from a range of video qualities all from a single encoding in the original footage. They can see and use every frame; take multiple passes at the frames; even move forwards and backwards repeatedly, frame-by-frame if necessary. All the while, the video footage is downloading in the background until the file is fully available. By which time, the editing job is done, and the video is ready for broadcast."

Vice President of Technology Tim Glauert said, "IPV's technology also has important benefits for video data handling, storage, filtering, transport and archiving. We will also offer multi-user cache and streaming media components soon."

Headquartered in the entertainment capital of the world, Los Angeles, CA, IPV is a start-up that is no newcomer to the television and pro-editing markets. IPV is an offshoot of Telemedia Systems, Ltd., makers of SpectreView, the recognized world standard in television editing and browsing technology distributed worldwide through OEM channels. Telemedia's technology is standard issue with Louth SAT1, NOS 1, and Virage video equipment systems used in television facilities for ITN and the BBC (U.K.) and CNN in Europe among others.

IPV, Inc. is a wholly-owned subsidiary of Telemedia Systems, Ltd., (TSL) in Cambridge, England. It opened its doors in Woodland Hills, CA, a suburb of Los Angeles, in January, 2000. Parent company, Telemedia, was a development of world-renowned Olivetti-Oracle Research Laboratories (now AT&T Laboratories Cambridge), and was founded in 1995 by Alan Chaney and Professor Andy Hopper, Ph.D. of Cambridge University's Laboratory of Communications Engineering. Hopper is now managing director of the newly renamed AT&T Laboratories Cambridge.