In the last week, Beamr participated in two top global events: Oracle CloudWorld 2024 and IBC 2024
Herzliya, Israel, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization and modernization technology and solutions, is pleased to share recent updates from the past week regarding its participation in top global events, where it held demonstrations of innovative technologies and key meetings with video industry leaders and businesses from around the globe. The events include Oracle CloudWorld 2024, held in Las Vegas, from September 9-12, 2024, and IBC 2024, held in Amsterdam, the Netherlands, from September 13-16, 2024.
“Beamr participated in two major conferences, Oracle CloudWorld and IBC, holding dozens of meetings with leading media and entertainment companies”, said Beamr CEO, Sharon Carmel. “The industry leaders we engaged showed significant interest in our latest demonstration of 4K p60 live video optimization, accelerated by GPUs. This technology enables, for the first time, real-time live video optimization and parallel AI workflows, setting the benchmark for the future of video production.”
Oracle CloudWorld 2024: Laying the Foundations for AI Video
At Oracle CloudWorld 2024, Beamr showcased optimized massive video rendered from 3D models, providing a fast, easy solution to share 3D design visualizations with creative teams members, customers, and other stakeholders.
At the conference, Carmel participated in a panel on how to leverage AI to revolutionize enterprise operations, stating: “Beamr Cloud video optimization service already lays the foundations for the AI video revolution. For example, while we optimize videos, we simultaneously generate transcripts, enabling video search and summarization. Furthermore, with a GPU-based service, we will be able to upgrade standard-definition videos to high-definition videos, and do that in real time.”
Beamr CEO, Sharon Carmel (second from the right) in a panel at Oracle CloudWorld on how to leverage AI to revolutionize enterprise operations
Beamr booth at Oracle CloudWorld
IBC 2024: Optimizing 4K p60 Live Video Streaming
At IBC 2024, Beamr demonstrated optimized live streaming of video in 4K resolution at 60 frames per second (p60), with up to 50% less resources load without sacrificing Ultra-High definition quality. This innovative capability is poised to elevate live sports events and high-quality video productions.
To learn more, please visit these links: https://beamr.com/holoscan-for-media, https://tinyurl.com/3a68njcz
Beamr booth at IBC 2024
Additionally, Beamr Lead Architect, Dan Julius, spoke on the panel “Transforming Live Media with Software-Defined Solutions". Beamr also sponsored the networking breakfast of the IBC talent program, with CTO, Tamar Shoham, talking about “What will video be in 5 years?”
Beamr CTO, Tamar Shoham, talks at IBC 2024 about “What will video be in 5 years”
Beamr Lead Architect, Dan Julius, talks in the panel “Transforming Live Media with Software-Defined Solutions" at IBC 2024
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.
Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.
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