iseemedia forms Business Alliance and Distribution Agreement with the Pixela Corporation
- Leading Japanese software manufacturer to market and sell iseephotovista™ through shared licensing model -
TORONTO, Canada - July 18, 2006 - iseemedia Inc. (TSX-V: IEE), a leader in advanced content creation, adaptation and delivery solutions for web and wireless applications, today announced a strategic software licensing and sales alliance with the Pixela Corporation (OSA TYO: 6731) ("Pixela"), a leading Japanese manufacturer of multimedia software and system drivers for digital cameras and other input peripherals. Under terms of the shared licensing agreement, Pixela will market and sell iseemedia's patented iseephotovista™ photo stitching software to OEMs for inclusion into digital cameras and mobile camera phones. In addition, iseemedia and Pixela will move forward with co-engineering projects of other technologies for the graphical content industry.
About Pixela Corporation
"Our relationship with Pixela began at the 2006 Photo Marketing Association International Convention and Trade Show in Orlando, Florida, and this license agreement represents another major milestone for us," said Anthony DeCristofaro, President and CEO of iseemedia. "By gaining access to some of the world's largest digital camera and mobile camera phone manufacturers, and capitalizing on the increasing demand for enhanced functionality in the digital imaging industry, this is an important step towards our goal of driving revenue through our flexible licensing model."
Since its foundation in 1982, Pixela has established itself as one of Japan's top technology vendors by developing strong OEM relationships with major imaging companies. Pixela's business is divided into a hardware products area, that manufactures and sells a variety of peripheral equipment, and a software products area, that develops and markets imaging solutions to OEMs requiring embedded third party applications to meet market-driven needs.
"By working closely with iseemedia, and taking advantage of our combined expertise in imaging technology, we will enable our OEM customers to enhance the functionality of their products and better meet user needs," said Yoshikazu Kurihara, Managing Director of Pixela Corporation. iseephotovista ™ is an innovative feature that helps maximize the photographic potential of digital cameras and mobile camera phones, providing a competitive advantage for our customers. We are excited to be working with iseemedia to help meet the growing demand for high-quality, feature-rich multimedia experiences."
iseephotovista™ is one of the first embedded solutions in the world with in-camera stitching technology that enables users to capture and create a full panoramic photograph on digital cameras and camera phones without the need for a desktop computer. With iseephotovista™ the stitching of the images is perfectly aligned and seamlessly automated, and the panoramas can be transferred to a PC, uploaded to an online portal for printing, or printed on a home printer. iseephotovista™ supports high megapixel images and extends the functionality of digital cameras and camera phones for both recreational and professional end users. Vertical market applications for iseephotovista™ include insurance, law enforcement, real estate, and the travel and tourism industries.
Founded in 1982, Pixela Corporation is a leading manufacturer of PC peripheral hardware and developer of software solutions - from driver development to complete multimedia applications - for digital cameras, color printers and other input peripherals. Pixela's products are sold worldwide and support a broad range of hardware input/output devices, and the Windows, Macintosh and Linux platforms. The company has established strong OEM relationships with major imaging companies and PC suppliers. Pixela has offices in Osaka and Tokyo, Japan.
iseemedia Inc. (TSX-V: IEE) is a software company focused on the development of advanced, rich content adaptation and delivery solutions for Web and wireless applications. The Company's iseemobility 5MXE software platform enables the creation, adaptation, transcoding, management and secure delivery of rich images, including streaming media, or large documents, to any device, anytime, anywhere. iseemedia is focused on the growing demand for a scalable solution that addresses the "create once, publish to many" paradigm. The Company has a strong global patent portfolio of 39 issued and pending wireless and imaging patents. For more information, please visit the Company's
Web site at www.iseemedia.com.
Caution concerning forward-looking statements
This news release may contain forward-looking statements that reflect management's current views with respect to future events and operating performance. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. For more information on the Company's risks and uncertainties relating to these forward-looking statements, please refer to the Management Discussion & Analysis section of iseemedia's 2005 annual report, which is available via www.sedar.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
For further information, please contact:
| Anthony DeCristofaro
|| Bruce Wigle
| President & CEO
|| Investor Relations
| iseemedia Inc.
|| The Equicom Group Inc.
||(416) 815-0700 ext. 228
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