Business
Even Technologies Signs One Million Dollar Licensing Agreement with NuTech for Military Applications
Even Technologies Signs One Million Dollar Licensing Agreement with NuTech for Military Applications
About this update from Envirometal Technologies Inc
[{"type":"text","content":"Even Technologies Signs One Million Dollar Licensing Agreement with NuTech for Military Applications\n\n\n\nEven Technologies Signs One Million Dollar Licensing Agreement with NuTech for Military Applications\n\nVancouver, British Columbia CANADA, January 07, 2009 /FSC/ - Even Technologies Inc. (ETI - TSX Venture), announces signing a $1,000,000 USD licensing contract with NuTech Technologies Inc. (\"NuTech\"). NuTech will integrate the Even's compression technology into a proprietary real-time conferencing product for strategic military applications.\n\nThe NuTech product will deploy Even's video file compression technology into an application to increase broadband Internet video capability. This will enable NuTech to deliver video in critical real-time for theater of operations applications. Technologies currently in use cannot transmit high definition video in real-time to provide current video intelligence for rapidly moving forces and field soldiers, especially in urban settings. \n\nThe NuTech system provides the network automation and the broadband satellite network communication systems that are required to keep fast moving military operations informed for mission critical decisions in real-time. Rather than waiting for a briefing or physically traveling to a location, battalion commanders can simply log on to a secure conference and receive crucial information immediately. \n\nThe entry of the Even Technologies into the 700 billion dollar Military industry marks a major milestone in adoption of the company's technology. The ability to seamlessly integrate into military applications creates opportunities for Even that will reach every video user. Even Technologies is uniquely poised to leverage its high quality, low bandwidth solutions towards military applications for homeland and overseas security.\n\nAny content, anywhere, anytime.\n\nFor more information, visit www.eventechnologies.com. \n\nOn Behalf of the Board of Directors:\n\n(signed) \"Nick Ringma\"\n\nNick Ringma\nPresident and CEO\n+1 604 689 1858\n\nAbout NuTech Technologies Inc.\n\nNuTech Technologies Inc. is a private technology integration firm that specializes in custom applications for strategic clients. These clients require a real-time collaboration solution that delivers an interactive, information-sharing platform for...