|Page (1) of 1 - 11/14/12||email article||print page|
SALT LAKE CITY, Nov. 14, 2012 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc. (OTCBB:LYFE), a technology leader in the development of next generation media services integrating TV, high-speed Internet and enhanced voice services, today announced that it has filed a core technology patent for adaptive transport of multimedia.
All Television services today require a dedicated network to deliver the signal. Operators must build and operate two separate networks and back ends: one for all data applications and a different one for television signals. This technology allows television to become just another application running over the data network. It allows operators to eliminate dual operating and capital expense of two networks and run all services over the data network.
"Turning television into an application service is analogous to what happened in telephony with the advent of Voice Over IP, " said Greg Smith, CEO of Lyfe Communications. "We used to have a telephone network for voice calls and a separate data network for Internet and email access. Now, most telephone calls happen over that one data network, regardless of whether the operator is a telephone company or a cable company. That change happened very quickly because the economics were massively more attractive. We now have the technology to bring those same economics to Television, and we expect the result to be even more attractive to operators."
These technologies can be used to increase services in areas where full High Definition TV with Video on Demand is too expensive to build and operate, and also be used to lower capital and operating expenses on major networks with full triple play services today.
This press release may contain forward-looking statements including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.
CONTACT: Lyfe Communications, Inc.
Garrett R. Daw
Keywords: TELECOMMUNICATIONS, SOFTWARE, MULTIMEDIA Inc.,Television,Internet Technology,Computer Science,Business,Entertainment,Internet,Email,Other,