Vancouver, BC - February 15, 2007 - Even Technologies Inc. (TSX-V: ETI) and Securitas Video Corporation ("Securitas") are pleased to announce that they have entered an agreement to provide state of the art video surveillance solutions. Securitas will be using Even Technologies'™ technologically advanced PSI_S™ Security Video suite of compression solutions to deliver high quality video surveillance over IP networks for remote monitoring. The focus of the applications will be to deliver simultaneous multiple camera streams from multi-unit building complexes to anywhere in the world.
This specialized solution will provide added security as the high resolution images can be monitored by security companies and residents alike. The technology will enable Securitas to complete integrated applications for commercial developments and allow customers to deliver multiple video streams over Internet protocols without image deterioration.
A.J. Papp, President of Securitas, adds "We are excited at the opportunity this product brings to our portfolio. Even Technologies has a proven, state of the art product that sets the standard for compression technology."
Even Technologies is continuing commercialization on a range of applications that include the company's core technology. Pete Koat, Chief Technology Officer at Even Technologies, is of the opinion that the contract, which includes a US$450,000.00 advance payment, marks a step forward in the evolution of the Company's diverse product portfolio. Mr. Koat notes, "The PSI™ platform has the flexibility to work in a variety of Internet applications. We are particularly excited to be partnering with Securitas for our first surveillance deployment, as our technology is ideally suited for applications requiring very high image quality over standard internet connections".
Any content, anywhere, anytime.
For more information, visit www.eventechnologiesinc.com.
On Behalf of the Board of Directors:
(signed) "Nick Ringma"
Nick Ringma
President
604 689 1858
About Even Technologies Inc.
Even Technologies Inc. (Even Technologies) is a developer of video coding technology software and hardware for real time delivery of Internet protocol television (IPTV) and pre-recorded video. Even Technologies PSI_V™ Video Compression Engine is used for delivering broadcast television for the telco industry. The Company has developed commercial systems, including a facial image coding system and medical imaging solutions. Even Technologies delivers an end-to-end solution for the telecommunications industry. This system is called dme™ and has Even Technologies' PSI_TV™ Smart Compression Technology as a core component. The PSI_TV™ system includes a real-time video encoder, system software and an upgradeable set top box. The Company has also developed a number of products, including PSI_X™ security image compression, PSI_Rx™ medical image compression and PSI_CD™ extended play compact disk-read only memory (CD-ROM).
Copyright © 2007 Even Technologies Inc., EVEN™, PSI™, dme™ and other marks, names, logos and icons identifying Even Technologies Inc. and Even Technologies'™ products and services referenced herein are trademarks or registered trademarks of Even Technologies Inc. All other company, product and/or brand names or marks are the trademarks of their respective owners.
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