iBEAM Teams With University Of Southern California's Information Sciences Institute To Deliver Streaming Content To 600,000 California End Users
Agreement Expands iBEAM Network's Reach to 30 Major Universities, over 70 Community Colleges, Five ISPs and Select Corporations
SUNNYVALE, Calif., Jan. 22, 2001 — iBEAM Broadcasting® Corp. (NASDAQ: IBEM), the leading streaming media network (SMN), today announced an agreement with the University of Southern California's Information Sciences Institute (USC-ISI), to provide high quality streaming content to more than a half-million end users throughout Southern California.
The agreement will enable service providers and networks using the ISI-operated facility known as the Los Angeles Access Point (LAAP) to deliver live on-demand streams and related revenue-generating services though iBEAM's MaxCaster™ serving systems.
Through the agreement, iBEAM will provide streaming support to both academic and commercial LAAP-served networks, including USC, UCLA, UC-Irvine, UC-Santa Barbara, UC-San Diego, California Institute of Technology and all California state and community colleges, as well as DigiLink, Interworld, Zocalo, Warenet, and through Los Nettos TRW, the Jet Propulsion Lab (JPL), and Centergate Research Caltech.
LAAP estimates that it now serves more than 600,000 of the most highly sophisticated, computationally intensive and demanding end users in the Southern California area.
“This agreement reinforces the importance of streaming media as a powerful element that enables students to use the Internet to enrich and enhance their knowledge and experience,” said Peter Desnoes, president, chairman and CEO of iBEAM. “We are glad to have an opportunity to serve college students and corporate users through our streaming media solution and touch their lives in a positive manner.”
LAAP spokesman Jim Pepin, director of the center for high performance computing and communications at USC-ISI, said: “We have witnessed an increasing demand for streaming content lately, and partnering with iBEAM will assist us in providing an improved experience of the Internet to students, as well as to the hundreds of thousands of end users who access the Internet through LAAP member networks.”
iBEAM's distribution network is connected by satellite and augmented with fiber-optic cable, which enables signals to bypass the bottlenecks and avoid subsequent packet loss that often snarl traditional streaming media. iBEAM provides streaming media services to more than 400 different companies and delivers in excess of 60 million streams per month across its network.
About LAAP
LAAP is managed by USC's Information Sciences Institute as part of the MAE-LA®/ LAAP exchange in Los Angeles. Founded in 1972, USC-ISI is a leading world center for computer science research. One of the birthplaces of the Internet, it now provides top-level infrastructure and research services, and its hardware and software prototypes have been incorporated into thousands of commercial and public systems. For more information, please visit www.isi.edu and www.laap.net.
About iBEAM Broadcasting Corporation
iBEAM Broadcasting® Corporation, (NASDAQ: IBEM) offers streaming media distribution, revenue–producing applications and interactive Webcasting services to major entertainment and enterprise customers. iBEAM is leading the future of streaming media through its focus on customer care and improving its customers' businesses. iBEAM's On–Target™ ad insertion technology and Activecast™ interactive Webcasting capabilities create value for companies who use streaming media. iBEAM currently delivers nearly 60 million streams per month across its network of high-performance servers located in more than 160 networks around the world, connected by satellite, and augmented with fiber optic cable. More than 400 innovative companies use iBEAM, including media and entertainment leaders Sony Music Entertainment, and LAUNCH.com. iBEAM was founded in 1998. For more information about iBEAM's services, visit www.ibeam.com, or contact the company at 645 Almanor, Suite 100, Sunnyvale, CA 94085, telephone 408-523-1600.
iBEAM's Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this release relating to the business relationship between iBEAM and University of Southern California's Information Sciences Institute, iBEAM's streaming media services to this partner, and to the market, are each forward-looking statements. Actual results may differ materially from those anticipated in any forward-looking statement as a result of certain risks and uncertainties, including without limitation the early stage of iBEAM's operating history and the industry for Internet broadcast and streaming media services, iBEAM's ability to build its network to the edge of the Internet, iBEAM's ability to manage its expansion and raise additional capital, the complexity of iBEAM's broadcast network, and the desirability of iBEAM's new and existing products and services in the market. For other risks and uncertainties applicable to iBEAM's business, investors are encouraged to refer to iBEAM's most recent Form 10-Q filed with the Securities and Exchange Commission.
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