"We’re changing how video content will be created and shared in the educational sector, with capabilities spanning athletic reels, newscasts, recruiting, marketing, fundraising lectures and more." - Ken Ruck, Executive Vice President at Linius
NEW YORK & LOS ANGELES (PRWEB) March 15, 2018
Linius Technologies Limited (ASX:LNU) (Linius) today announced an agreement with US-based MediaAMP, Inc. to test the power of Linius Cognitive Search, powered by leading artificial intelligence provider, IBM Watson. This deal follows the recently announced agreement with Oklahoma State University to transform its vast video library of over 10,000 hours across academia, sports, alumni relations and student life into data using Linius’ proprietary Video Virtualization Engine (VVE) technology. The trial will begin this month.
“We are always looking to bring the latest technology and advancements to the MediaAMP platform, and that’s where Linius comes in,” said Laurens Banker, the CEO of MediaAMP. “With the Linius technology integrated into our platform and video accessible as data, our customers will have the opportunity to unlock boundless options across vast collections of video content.”
MediaAMP serves a customer base of over 45 schools including major university systems like University of California, University of Washington and Arizona State University, providing a video-first digital asset management platform, underlining technology and support.
“Linius’ applications in the education sector are endless,” said Ken Ruck, Executive Vice President at Linius. “We’re changing how video content will be created and shared in the educational sector, with capabilities spanning athletic reels, newscasts, recruiting, marketing, fundraising lectures and more. The process of searching, editing and rendering video content which once required significant resources and time, will now be available instantly.”
The purpose of the Linius deal is to show how users can search within videos and instantaneously return only the relevant parts of a video, or videos, stitched together into a personalized search result. This is a standard practice with text-based search; however, only Linius can do this with video. Upon successful completion of the proof of concept, MediaAMP intends to integrate the Linius technology into the MediaAMP platform under license on commercial terms.
These two announcements come on the heels of other big milestones for the Australian company. Last month, Linius announced a $10 million capital fund raise, a collaboration agreement with two major movie studios and the launch of the SaaS version of its technology.
About Linius Technologies Limited:
Linius Technologies Limited (ASX:LNU) has invented and patented the Video Virtualization Engine™ (VVE), which is available on Amazon Web Services, Microsoft Azure and IBM Cloud.
Amazon, Microsoft and IBM are investing billions in virtualizing video services (technologies) and artificial intelligence in the cloud. It is arguably the biggest battle on the internet, given that video accounts for nearly 80 percent of internet traffic.
Only Linius can expose the data that makes up the video file, making cumbersome video as flexible as all other forms of data. Accessing the data within the video file is the missing link for video cloud service providers, creating unparalleled value across the internet video industry.
Linius has the potential to transform many multi-billion-dollar markets, and is initially focused on:
- Anti-Piracy: Applying proven data protection methods to video to solve piracy
- Search: Search within videos and compile new videos on the fly
- Security and Defense: Intelligent search and immediate distribution of security footage
- Personalized Advertising: Hyper personalized to individuals, timeslots and content
For more information please contact:
Ashley Ray, aray(at)olmsteadwilliams(dot)com, 310-824-9000
Linius Technologies Limited
http://www.linius.com / T: +61 3 8680 2317
Investor Inquires: ir@linius.com
General: info@linius.com