Linius Technologies Limited (ASX: LNU) (Linius) is pleased to announce that it continues to be on track for commercialisation with the latest step being the successful completion of its transcoding Showcase with Village Roadshow.
The Showcase, as expected, confirmed that the Linius Video Virtualization Engine™ (VVE™) removes the need for transcoding.
The Showcase was devised to prove that the Linius VVETM removes the need for transcoding for:
The Showcase has successfully achieved these objectives and has proven that the Linius VVETM removes the need for transcoding, resulting in a reduction in additional video files and the associated storage.
Chris Richardson, Chief Executive Officer of Linius, said:
“The transcoding and storage markets are each multi-billion dollar markets in their own right and we are extremely pleased that Village Roadshow has confirmed that our technology has the impact we’ve been saying it would.”
Clark Kirby, Chief Operating Officer of Village Roadshow said:
”We can safely say the Linius virtualisation process removes the need for many kinds of transcoding — in particular, transcoding for broadcast on different size or shape devices, or through different media players, is not required if the players are fully compliant with the MPEG-4 specification.”
The showcase was performed on a high-definition trailer for the Roadshow movie The Fourth Phase, saved as an MPEG-4 video file for HTML5 play-out on a 16:9 aspect ratio device. Utilising the Linius VVE™, that same file, without editing or transcoding, was streamed on the fly to a QuickTime 7 player in 4:3 aspect ratio.
Chris Richardson continued:
”Linius will continue to use showcase deployments as steps towards commercialisation as these partnerships enable us to develop and test our commercial solutions with likely end users before we take them to market.
“Our commercialisation plan remains ahead of schedule for launch in Q1, 2017.”
About Linius Technologies Limited
Linius Technologies Limited (ASX: LNU) is a developer of disruptive video technology. Based in Melbourne, Australia, it seeks to apply its lead product — the Linius Video Virtualization Engine™ — throughout the global digital video value chain to cut costs and boost revenues for enterprise customers.
Although potentially applicable throughout the digital video value chain, Linius is currently pursing technology showcase partnerships with three multibillion-dollar industry segments: the transcoding, delivery and personalised advertising markets.
As showcase deployment progresses to confirm the software’s capabilities, Linius will market these achievements to potential partners through the digital video value chain to fast-track commercialisation.
For more information visit: www.linius.com
For more information, please contact:
Chris Richardson, Chief Executive Officer
Linius Technologies Limited
T: +61 3 9607 8234
Rod North, Managing Director,
Bourse Communications Pty Ltd
T: (03) 9510 8309 M: 0408 670 706
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