FVC.COM And Philips Announce Marketing Agreement To Deliver Two-Way Video To The Desktop

Companies Demonstrate Two-Way Video Applications At Networld+Interop 2000 Trade Show

10-Oct-00

FVC.COM (NASDAQ: FVCX), the leader in broadband video networking systems and services, and Philips Communication, Security & Imaging (Philips CSI), a leader in desktop video equipment, announced that they will enter into an agreement intended to bring two-way video and related streaming technologies to business and consumer markets. The announcement was made at the Networld+Interop 2000 trade show in Atlanta, Georgia where the companies were hosting joint demonstrations at the Philips exhibit.The partnership will leverage FVC.COM's Click to Meetô video solution, including the recently launched V-Meeting software codec (see related release), and Philips CSI's industry-leading camera products to provide a complete desktop solution to enterprises and service providers. FVC.COM and Philips CSI also plan to explore a number of new applications - including video mail, video chat and instant video messaging solutions - which will enable the creation of next generation B2B, B2C and C2C Web applications. ""Through our collaboration with FVC.COM, we want to develop an environment in which consumers and businesses will use networks for real-time video communication, just as they do for voice and data applications like e-mail and phone calls,"" said Geoff Wanless, General Manager of Philips CSI's PC Camera division.Analysts estimate that the market for two-way video services to the enterprise is poised to grow from $6 billion in 1999 to more than $20 billion by 2003, a number which could double with the introduction of video-enabled Web portals and consumer applications.""Partnering with a consumer electronics manufacturer of Philips' caliber is an important component of our plan to move Click to Meetô video services into the mainstream,"" said Ruth Cox, Chief Marketing Officer of FVC.COM. ""We believe the combination of a strong technical solution and powerful marketing reach will accelerate the adoption of Click to Meet services on the desktop by businesses and consumers alike.""FVC.COM is the first to offer two-way video and related streaming solutions managed by a universal video portal, Click to Meet. Click to Meet operates across multiple network technologies, including IP, ATM and ISDN and brings point and click simplicity to video services over the broadband Internet. It is available as a systems solution for enterprises and service providers, and as a service available from the industry's first operational broadband Video ASP through FVC.COM's growing list of service provider partners.For more information about FVC.COM, visit www.fvc.com. For more information about Philips, visit www.philips.com.

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