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Raystream™ Announces Contract with Grencomm
Grencomm to utilize Raystream’s HD Video Compression Service For Video-On-Demand Platform, RUSH TV
“We are delighted to announce that Grencomm will be using Raysteam’s HD video compression solution. Not only will Grencomm be able to significantly decrease bandwidth costs while delivering a far better viewing experience to its large and rapidly growing international RUSH TV audience, but the clarity of the HD video images will remain exceptionally clear,” said Brian Petersen, Raystream’s CEO.
“Discovering Raystream was a godsend to us. We look forward to utilizing Raystream’s HD video compression technology to deliver high quality streaming video content to our viewers,” said Garvey Lousion, Grencomm’s Chief Financial Officer. “We actually derive two benefits from using Raystream’s HD video compression technology. First, we expect Raystream’s compression ability to greatly decrease our storage and bandwidth costs. Second, we are excited that we will be able to provide a more efficient stream to our viewers, especially in countries that have a low level of Internet capacity.”
Raystream’s innovative approach to HD video compression, which reduces the size of HD videos up to 90 percent with an average of approximately 70 percent, with no loss in clarity or quality, works with previously recorded HD video files, as well as for live streaming of HD video. The live streaming service enables HD video to be compressed in real-time, as it is generated, prior to streaming over the Internet. Additionally, Raystream’s cloud-based compression tools even work with full HD 3D videos, allowing users to instantly view the compressed video on any 3D video-enabled device, including home theatres, set-top boxes, tablets, game consoles, laptops, and mobile phones.
“This contract with Grencomm, negotiated by Raystream’s Business Development Manager, Chad Munce, is another opportunity for Raystream to showcase and deliver on our promise to reduce bandwidth expense, as well as deliver exceptional hi-def content to the end user,” said Michael Seay, Raystream’s EVP of Sales and Strategic Implementation.
Grencomm develops, produces and delivers news, sports and cultural entertainment globally. Among Grencomm’s many products and services is RUSH TV, Grenada's first online television station that is now streaming around the world in over 35 countries.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Raystream Inc.'s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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