Even Technologies Inc.

Even Technologies Inc.

November 21, 2006 05:13 ET

Even Technologies CEO Says Global Telecoms Companies Can Restructure Without the Cost

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 21, 2006) - Nick Ringma, CEO of Even Technologies Inc. (TSX VENTURE:ETI), a Vancouver based company specializing in advanced video coding techniques, said today that it is necessary for global telecoms companies to expand their service offering in order to compensate for declining revenues from their core product offerings.

Speaking at the Financial Times World Communications Conference in London, Mr. Ringma said:

"The telecommunications industry is in the midst of radical restructuring. Telephone companies are having to introduce valuable new services, such as Internet Protocol Television (IPTV) to complement declining voice revenues. By adding services such as television and video on demand to their service offering, telephone companies are able to reduce subscriber turnover by as much as 25%.

"To add these services, telephone companies are scrambling to upgrade their entire networks to support the bandwidth requirements of data-heavy video streams. They are looking at budgets that will see billions of dollars invested in infrastructure changes because existing video formats exceed current network bandwidth capacities."

Recognising these problems, Even has developed PSI_TV™. This piece of compression technology enables the delivery of standard definition broadcast video at only 750 kilobits per second and high definition video at less than three megabits per second.

Even at loop lengths over 18,000 feet, telephone companies will be able to deliver to three televisions per home without rebuilding their outside plants. PSI_TV™ will eliminate the cost and delay of rebuilding telephone networks for video and allow telcoms companies to immediately begin providing customers with the digital television they desire.

Mr. Ringma continued by saying:

"Compression technologies will become more essential moving forward as our customers demand more content in more places. The expansion of high definition content and the penetration of high definition television sets will drive the economic necessity of superior compression technologies."

About Even Technologies Inc.

Even Technologies is a Vancouver, Canada based company, specializing in advanced solutions for profitable IPTV delivery. Even's PSI™ Smart Compression allows service providers to deliver standard definition video at only 750kbps and high definition video at less than 3Mbps. 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.eventechnologiesinc.com.

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