San Francisco, CA (PRWEB) August 29, 2006
FrameFree Global Limited today announced it has closed a series B round of funding of three billion yen, the equivalent of US$26 million, from Japan-based Quinland Co., Ltd. The funding will be used toward research and development efforts, as well as to execute a global branding and marketing campaign as FrameFree continues to develop new products and broaden its markets worldwide. The agreement also states Quinland will work with FrameFree Holdings Limited to joint-develop FrameFree-based online game software for the global market, and will provide marketing support for the FrameFree United Networks (FUN), a global digital content authoring and delivery system that creates and aggregates original content for efficient, worldwide distribution.
FrameFree Technolgies, Inc. launched in 2004 in the U.S. with a family of products that provide easy and efficient authoring and compression of motion imagery. FrameFree Technologies Inc. is a wholly-owned subsidiary of FrameFree Global Limited. Recently, FrameFree Technologies announced a partnership with Akamai Technologies, Inc., the leading global service provider for accelerating content and business processes online, to power FUN. FrameFree Technologies is active in the mobile market and recently announced its alliance with HI CORPORATION, an international mobile content leader, and with QUALCOMM to support its solution with its FrameFree Studio animation technology.
ÂFrameFree has a lot of momentum in all of QuinlandÂs key markets Â mobile, film, television, digital poster, and the Internet Â and this funding from a Japanese public company will help us capitalize on that and will allow us to continue to grow both in the U.S., Japan, China and around the world,Â said Thomas Randolph, director, FrameFree Global Limited. ÂWe are very pleased to have an innovative company such as Quinland to not only be an investor but a strategic partner in these efforts.Â
ÂFrameFree Technologies has made very impressive inroads in the U.S. in a short amount of time,Â said Kazuya Yoshimura, CEO and representative director of Quinland Co. Ltd. ÂWe believe it is a testament to the innovative nature of the technology and its applications for multiple markets. For these reasons there is a tremendous opportunity for an IT-oriented global sales and marketing company like Quinland to establish a long term strategic alliance with game-changing and disruptive technology like FrameFree Studio and FrameFree Video.Â
Built on the worldÂs most advanced pixel-matching and interpolation engine, FrameFree Studio starts with any-resolution digital still images, and through analysis, interpolation and morphing, automatically provides interactivity and smooth motion between them, resulting in a completely new medium and style of visual expression. The motion imagery generation is fast, easy-to-learn and virtually automatic, ending the need for powerful systems and lengthy frame-by-frame editing, and leaving digital content producers more time to orchestrate their creative vision.
About FrameFree Global Limited
Founded in 2005 and based in Jersey, Channel Isles, UK, FrameFree Global Limited is a joint venture between United Kingdom-based FrameFree International Limited and Japan-based Monolith Co., Ltd. The company develops and distributes a groundbreaking family of products that provide easy and efficient authoring and compression of motion imagery and enable the delivery of hi-resolution digital movies across multiple networks and platforms at a fraction of the traditional bandwidth and costs. FrameFree Technologies is striving to create a community of artists and content producers using its productsÂ unique capabilities to realize their vision. Visit the FrameFree web site at http://www.framefree.com.
About FrameFree Technologies
Founded in 2004 and based in San Francisco, Calif., FrameFree Technologies, Inc. is a joint venture between United Kingdom-based FrameFree International Limited and Japan-based Monolith Co., Ltd. The company develops and distributes a groundbreaking family of products that provide easy and efficient authoring and compression of motion imagery and enable the delivery of hi-resolution digital movies across multiple networks and platforms at a fraction of the traditional bandwidth and costs. FrameFree Technologies is striving to create a community of artists and content producers using its productsÂ unique capabilities to realize their vision. Visit the FrameFree web site at http://www.framefree.com.
About Monolith Company Limited
Monolith Co. Ltd. is a privately held Japanese IP company with its head office in Tokyo, Japan. Monolith was formed in May 1990, with the mission to fill the gap between theoretical research efforts in the academic fields and practical needs in the IT business.
Monolith has been unique in its ability to bring together people from business, government, and academia in a cooperative framework. Monolith takes groundbreaking theories and develops them to practical proof-of-concept systems, while protecting its core and derived technologies with a wide range of patents. Currently, Monolith has filed more than 150 patents and has been issued more than 24 patents in globally in the area of differential topology, Homotopy and Critical Point Filters (technology used for FrameFree products). Monolith has licensed all of its patents exclusively to FrameFree Technologies for the US market. Visit the Monolith web site at http://www.monolith-prime.co.jp
About Quinland Co. Ltd.
Quinland Co. Ltd. is a Japanese public company (Daisho Hercules Stock Exchnage Code 2732) founded in 1995. The company currently has more than 1,000 employees, and a capitalization of US$60 million. Quinland, the second largest automotive dealer network in Japan, exists to support group companies and client companies that operate diverse businesses in five major consumer markets: automobiles, entertainment, housing, education and food. It does this through Digital Marketing Engineering Service (DMES), a service for improving the productivity of operations through the thorough intensive utilization of ICT. Visit the Quinland web site at http://www.quinland.co.jp. For IR information go to http://www.quinland.co.jp/en/index.html.
FrameFree Â® and MOTION GRAVUREÂ® are all registered JAPANESE trademarks of Monolith Co., Ltd. Trademark application for FrameFreeÂ is pending in the United States Patent and Trademark Office. FrameFreeÂ® technologies are developed by Monolith Co., Ltd. using the CPF theory (Yoshihisa Shinagawa et. al., professor of Illinois University,) and protected by Monolith Co., Ltd. (Patent numbers: JP2927350/USP6018592/USP6137910/USP6347152, etc.)
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