Even Technologies Inc.

Even Technologies Inc.

January 07, 2008 17:03 ET

Ayecom Deploys Even Technologies Compression Solutions for Image Search in Video Streams

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2008) - Even Technologies Inc. (TSX VENTURE:ETI) is pleased to announce that a contract has been signed with Ayecom Inc. ("Ayecom"), an industry leader in image search tools for video streams. Under this contract, Ayecom has licensed PSI_I™ Video Compression and Decompression for Intranets. The grant of License includes an initial payment of $300,000 toward license fees and future royalties.

Even Technologies' PSI_I™ solution for intranets enables Ayecom to compress video files for rapid transmission and image recognition on IP networks. The PSI_I™ system supports a variety of data rates and frame sizes to facilitate effective delivery of any content, on any network, at one-third the bit rate of H.264.

Using their proprietary INRA (IN Stream Recognition Application) technology, Ayecom is commercializing an image recognition system integrating PSI_I™ compression solutions from Even Technologies. The advanced technology of the PSI_I™ compression provides for 66% reductions in the bandwidth required to deliver video images for INRA image recognition. This will enable effective searching for objects in video streams at 450 kbps and greatly improve the delivery and management of images and video over IP networks.

Ayecom has entered into this contract with a view to integrate what they believe to be "the most efficient and flexible compression technology" into their leading edge applications.

Any content, anywhere, anytime.

On Behalf of the Board of Directors:

Nick Ringma, President and CEO

About Even Technologies Inc.

Even Technologies is a Vancouver, Canada based company, specializing in advanced solutions for profitable IPTV delivery. Even Technologies' PSI™ Smart Compression allows service providers to deliver standard definition video at only 750 kbps and high definition video at less than 3 Mbps. Built into a complete system including real time encoders, middleware and upgradeable set-top boxes, the PSI™ technology provides the telecommunications sector with a new alternative for delivering interactive digital television. The Company has also implemented the PSI™ technology into a range of applications for medical imaging, security identification photos and media streaming to the PC and mobile environment. For more information, please visit www.eventechnologies.com.

Copyright (C) 2008 Even Technologies Inc.™, EVEN™, PSI™, dme™ 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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