SAN MATEO, Calif., Aug. 12, 2002 (PRIMEZONE) -- Virage, Inc. (Nasdaq:VRGE), a leading provider of video and rich media communication software, today announced that the Office of Information Technology (OIT) at Princeton University has deployed Virage software to support a variety of streaming media applications. The OIT is utilizing the new software to put live and pre-recorded content from the University's public lectures, speaking engagements and sporting events onto the Internet and intranet for alumni, faculty and students to access on-demand.
"We have been streaming since 1998, and the demand for our services has increased," said Dan Oberst from the Office of Information Technology at Princeton University. "Virage has added many new capabilities to our streaming services to enable us to support a growing number of events and applications without adding staff. With Virage, we have been able to automate the process of making campus events and academic information available to our students, faculty and alumni."
In addition to using Virage to automate the recording and Web-based delivery of public lectures and University events, the OIT expects to utilize the Virage software to make classroom lectures available to students for review. The software will also be used to deliver key video content such as film and news clips to students in the classroom. Finally, the OIT will take advantage of the speech-to-text capabilities provided by the Virage software to enable keyword search and playback of specific topics within lectures and events.
On the athletic side, the OIT has been Webcasting sporting events, such as football, basketball and hockey games for several years. Starting this Fall, OIT will offer the University's athletic department coaching tools via the Virage software to enable athletes to review and critique their performance from a recent game. Each game is encoded in its entirety and indexed according to game statistics, type of play and the game clock.
About Virage
Established in 1995, Virage is a leading provider of video and rich media communication software. Virage builds integrated rich-media business solutions for corporations, media & entertainment companies, universities and government agencies worldwide. Headquarted in San Mateo, California, Virage (www.virage.com) has offices throughout the United States and Europe.
Forward-Looking Statements
This press release contains "forward-looking" statements about the products and services of Virage, as that term is used in Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are denoted by such words as "will be used," "will take advantage of," "will offer" and similar terms and phrases. These types of statements address matters that are subject to risks and uncertainties, which could cause actual results to differ materially. In addition, our forward-looking statements should be considered in the context of other risk factors discussed in our filings with the Securities and Exchange Commission, including but not limited to our annual report on Form 10-K and 10-Q filings, available online at http://www.sec.gov. All forward-looking statements are based on information available to the company on the date hereof, and the company assumes no obligation to update such statements.
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