Beamr in Q2-2024: Enhancements to Beamr Cloud and Collaborations with Industry Giants

About this update from Beamr Imaging Ltd.

[{"type":"text","content":"Beamr Issues Q2-2024 CEO Letter to Shareholders and Announces its First Half 2024 Financial Results Herzliya, Israel, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today issued a Letter to Shareholders from Sharon Carmel, Chief Executive Officer, including its financial results for the six months ended June 30, 2024. Dear Shareholders: I am pleased to update you on our Q2-2024 activities and progress, which include significant developments in Beamr Cloud video services, Beamr product enhancements and collaborations with industry giants. These developments span the integration of artificial intelligence (AI) features into Beamr Cloud, an improved pricing model for our products and demonstrations at industry premier events, including optimization of real-time video streaming and videos rendered from 3D models. To support our future growth, we have appointed two new senior management roles, a Chief Operations Officer and a Head of Human Resources. We believe that Beamr Cloud’s new AI services are only the tip of the iceberg – as the video world undergoes a revolution, video processes are no longer focused mainly on storage and streaming challenges, but also video that itself transforms into AI video. AI video allows, for example, searching inside the video just like in text. It could also include enhancement of quality, appearance and acceleration of delivery to customers. Later this year, we plan to release additional video AI enhancement features into Beamr Cloud. While we continuously maintain our progress, in this letter I will highlight our achievements in Q2-2024 and the first half of 2024, along with recent developments and plans for the coming months. Significant Developments in Beamr Cloud Video Services Beamr Cloud was launched in February 2024, designed to provide an automatic, easy-to-use and scalable video processing in the cloud. Beamr Cloud was first launched on Amazon Web Service (AWS) and is now available via Oracle Cloud Infrastructure (OCI) as well (see “Collaborations with Industry Giants” below). Along with high-performance video processes, based on GPU accelerated computing, Beamr Cloud aims to support modernization of video repositories and libraries to advance formats such as AV1 (AOMedia Video 1) - a high-quality, future-proofed ...

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