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Raystream™ Announces Technology Enhancements and Next Phase Strategic Direction

2012-05-10 06:01 ET - News Release

New user interface capabilities drive higher performance; Company expands technical team


Company Website: http://www.raystream.com/home
DALLAS -- (Business Wire)

Raystream Inc.(OTC PK: RAYS), a global HD video compression services company, today announced new technology enhancements to its custom-designed HD video compression solutions that enable higher performance capabilities in speed, output flexibility and quality.

Through its various client evaluation agreements, Raystream has garnered invaluable feedback on its HD compression technology and has refined and enhanced its cloud video compression platform. Raystream’s highly scalable, real-time service provides improved parallel processing and performance and advanced video output settings. Performance advances include custom GPU encoding and transcoding as high as 90 frames per second (fps). Additionally, the advanced video settings enable the user to customize output files in a number of different video and audio codecs, bitrates and format extensions.

“We are excited about the powerful technology upgrades our new user interface can deliver,” said Raystream CEO Brian Petersen. “We are raising the standard in offering top-performing, customizable HD video compression solutions worldwide.”

In conjunction with its newly enhanced HD video compression tools, Raystream is entering the next phase of its strategic growth and marketing plan. In addition to recently announced executive appointments, the Company is strengthening its engineering and technical team with the hiring of additional video compression technology and algorithm experts.

“We continue to differentiate ourselves from the competition by raising the bar on our technical milestones,” continued Petersen. “Our strategic technology development initiatives are focused on delivering a best-in-class solution to high growth markets that will benefit from our unique compression technology.”

“Additionally, we are proceeding with the planned closure of our German subsidiary, Raystream GmbH. The intellectual property was effectively transferred to Raystream, Inc., U.S. Headquarters last fall. The closure has no material impact on the company and further streamlines our operations.” Petersen concluded.

Raystream offers customized HD video compression solutions designed for video-on-demand, for live streaming, and for full HD 3D videos.

About Raystream

Raystream Inc. is bringing its video compression services to businesses that stream High Definition (HD) video online. Raystream’s technology drastically decreases bandwidth and data storage costs by reducing the file size of HD videos up to 90 percent -- with an average of approximately 70 percent -- with no significant loss in HD clarity or quality. Click here to see the future of online video. For more information, visit www.raystream.com.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements.Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties.See Raystream Inc.'s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

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Contacts:

Raystream Inc.
Nadia Christian, 972-980-7206
VP of Marketing
ir@raystream.com
or
Halliburton Investor Relations
Marlene Owen, 972-458-8000
mowen@halliburtonir.com
or
Hala Elsherbini, 972-458-8000
hala@halliburtonir.com

Source: Raystream Inc.

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