Press Release
NEWS RELEASE TRANSMITTED BY CCNMATTHEWS FOR: Even Technologies Inc.
TSX VENTURE SYMBOL: ETI
February 15, 2007
Securitas Video Selects Even Technologies PSI(TM) Video Compression
for
Specialized Surveillance Application
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 15, 2007) - Even
Technologies
Inc. (TSX VENTURE:ETI) and Securitas Video Corporation ("Securitas")
are
pleased to announce that they have entered an agreement to provide
state of the
art video surveillance solutions. Securitas will be using Even
Technologies'
technologically advanced PSI_S(TM) Security Video suite of compression
solutions to deliver high quality video surveillance over IP networks
for
remote monitoring. The focus of the applications will be to deliver
simultaneous multiple camera streams from multi-unit building complexes
to
anywhere in the world.
This specialized solution will provide added security as the high
resolution
images can be monitored by security companies and residents alike.
The
technology will enable Securitas to complete integrated applications
for
commercial developments and allow customers to deliver multiple
video streams
over Internet protocols without image deterioration.
A.J. Papp, President of Securitas,
adds, "We
are excited at the opportunity
this product brings to our portfolio. Even Technologies has a proven,
state of
the art product that sets the standard for compression technology."
Even Technologies is continuing commercialization on a range of
applications
that include the company's core technology. Pete Koat, Chief Technology
Officer
at Even Technologies, is of the opinion that the contract, which
includes a
US$450,000.00 advance payment, marks a step forward in the evolution
of the
Company's diverse product portfolio. Mr. Koat notes, "The
PSI(TM) platform has
the flexibility to work in a variety of Internet applications.
We are
particularly excited to be partnering with Securitas for our first
surveillance
deployment, as our technology is ideally suited for applications
requiring very
high image quality over standard internet connections."
Any content, anywhere, anytime.
On Behalf of the Board of Directors:
Nick Ringma, President
About Even Technologies Inc.
Even Technologies Inc. (Even Technologies) is a developer of video
coding
technology software and hardware for real time delivery of Internet
protocol
television (IPTV) and pre-recorded video. Even Technologies PSI_V(TM)
Video
Compression Engine is used for delivering broadcast television
for the telco
industry. The Company has developed commercial systems, including
a facial
image coding system and medical imaging solutions. Even Technologies
delivers
an end-to-end solution for the telecommunications industry. This
system is
called dme(TM) and has Even Technologies' PSI_TV(TM) Smart Compression
Technology as a core component. The PSI_TV(TM) system includes
a real-time
video encoder, system software and an upgradeable set top box.
The Company has
also developed a number of products, including PSI_X(TM) security
image
compression, PSI_Rx(TM) medical image compression and PSI_CD(TM)
extended play
compact disk-read only memory (CD-ROM).
Copyright (C) 2007 Even Technologies Inc.(TM), EVEN(TM), PSI(TM),
dme(TM) and
other marks, names, logos and icons identifying Even Technologies
Inc. and Even
Technologies' products and services referenced herein are trademarks
or
registered trademarks of Even Technologies Inc. All other company,
product
and/or brand names or marks are the trademarks of their respective
owners.
Certain statements contained in this document, including statements
regarding
events and financial trends that may affect our future operating
results,
financial position and cash flows, may constitute forward-looking
statements
within the meaning of the federal securities laws. These statements
are based
on our assumptions and estimates and are subject to risk and uncertainties.
You
can identify these forward-looking statements by the use of words
like
"
strategy", "expects", "plans", "believes", "will", "estimates", "intends",
"
projects", "goals", "targets", and other
words of similar meaning. You can
also identify them by the fact that they do not relate strictly
to historical
or current facts. We wish to caution you that such statements contained
are
just predictions or opinions and that actual events or results
may differ
materially. The forward-looking statements contained in this business
plan are
made as of the date hereof and we assume no obligation to update
the
forward-looking statements, or to update the reasons why actual
results could
differ materially from those projected in the forward-looking statements.
Where
applicable, we claim the protection of the safe harbor for forward-looking
statements provided by the (United States) Private Securities Litigation
Reform
Act of 1995.
- 30 -
FOR FURTHER INFORMATION PLEASE CONTACT:
Even Technologies Inc. - Press/Analyst Contact
Nick Ringma
President
(604) 689-1858
Fax: (604) 689-1758
Email: nringma@eventechnologiesinc.com
Website: www.eventechnologies.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or
accuracy of this release.
INDUSTRY: Telecom - Networking, Telecom - Telecommunication Equipment
SUBJECT: BFC - BUSINESS CONTRACTS |