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oplayo's Java-based video technology funded EUR 1.3 Million by Tekes
Helsinki, Finland – May 23, 2001 – oplayo inc., the developer of an advanced
Java-based streaming video technology, has been granted EUR 1.3 million
(approx. FIM 7.7 million) by Tekes, the National Technology Agency of
Finland. The sum is one of the largest that Tekes has granted to a Finnish
software company for product development purposes.
oplayo’s unique streaming video technology enables the transfer of video to
all Java-enabled terminals on the fixed Internet as well as over different
wireless networks. The patented MVQ technology enables extremely efficient
video compression and light decompression at the receiving end, making it
very suitable for wireless environments. oplayo’s video solution requires no
separate plug-in software and is totally transparent to the end-user, making
it very easy to use.
”We regard oplayo’s technical development both nationally and
internationally significant. New communications technologies that include
transmission of video information over various networks, are essential in
ensuring global Finnish competitiveness. oplayo’s video technology enables
commercial and even public video services to reach a wide variety of end
users that do not need to be technically oriented”, explains Risto Setälä,
Technology Manager of Tekes.
“Our first MVQ-technology based products are already on the market, and our
customers are using their MVQ-formatted videos on the Internet. The
technology we provide allows the compression of video into very light forms,
which then can be utilized via GPRS (General Packet Radio Services) or other
high-speed wireless connections”, says Anttoni Vesterinen, president of
oplayo inc.
“As markets and technologies develop, we need to offer a video solution that
runs in fixed and wireless access networks on a variety of terminals.
Technology must be flexible enough to set content and service providers free
from producing various formats for different access networks and terminals.
Our technology development focuses on an overall solution by which one does
not need to care how and on what device the video is being viewed. Tekes’
funding is a distinction to us and encourages us for further development of
the product”, continues Vesterinen.
In oplayo’s solution, the distributed video content is compressed into an
extremely light packet. The end-user’s computer or mobile device
automatically decompresses and shows the packet with the accompanying small
Java applet (approx. 10 kB), which only takes few seconds to receive on a
normal modem connection.
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