SAN DIEGO, March 4 /PRNewswire-FirstCall/ -- Path 1 Network Technologies Inc. (OTC Bulletin Board: PNWK), the pioneer and industry leader in providing broadcast quality video-over-IP networks, announced today that Robert Clasen, Path 1's Chief Strategic Officer and Director, will be a featured participant at the upcoming Kagan VOD Summit, March 5-6 in New York City.
Mr. Clasen will lead a panel discussion focusing on broadcasters' ability to deliver high-quality IP-based content directly into the home, on an "on demand" basis. Mr. Clasen will detail Path 1's video gateway platform solutions and their ability to provide high definition digital content that eclipses the capabilities offered by any other Video on Demand provider. In addition, Mr. Clasen will address Path 1's solution to the quality of service issues inherent in video transport over IP networks, including network jitter and congestion.
Larry Gerbrandt, Chief Content Officer for Kagan World Media, commented, "Robert brings a level of knowledge and industry expertise that benefits participants in cable, DBS and Web industries alike. As one of the cable industry's true pioneers, he provides the depth of knowledge necessary to tackle head-on the most critical issues in the VOD market. He is representative of the caliber and experience of the panelists that have been assembled for this event."
Mr. Clasen joined Path 1's Board in April 2002 and subsequently became Chief Strategic Officer. He is one of the cable industry's icons, having served in a variety of executive positions in the industry including president of Comcast Cable Communications and vice president of U.S. Operations for Rogers Communications Inc. Mr. Clasen has also held executive positions in the Interactive Television and Video on Demand (VOD) businesses having served as division president with McCaw Cellular (now AT&T Corp) and chairman of Vivid Technologies, a VOD system provider that merged with Concurrent Computer Corp.
Path 1 has built the first and now most widely deployed video-over-IP gateways for the broadcast and cable industry and has proven Gigabit Ethernet is the most efficient means for delivering everything from video on demand (VOD), to movie dailies, to broadcast content. Four of the top five cable operators are currently utilizing Path 1 devices in their VOD deployments.
About Path 1 Network Technologies Inc.
Path 1 Network Technologies Inc. is the pioneer and industry leader in providing broadcast quality video over packet-based IP networks. Path 1 products are sold directly and also through OEM relationships with Scientific Atlanta and Internet Photonics. Nine carriers have certified the Path 1 "long-haul" gateway for use on their IP backbones. From the delivery and distribution of broadcast materials to Video on Demand (VOD), Path 1's video infrastructure platforms allow high quality transmission of point-to-point, multipoint and multiplexed data over legacy IP systems. Video-over-IP service offerings using Path 1 products are available throughout the US and Europe. Asian IP offerings are slated for launch in early 2003. For additional information please visit http://www.path1.com or call 877/ONE-PATH (663-7284).
SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance, that we may be unable to obtain necessary financing to continue operations and development, and other risks identified in our annual report on Form 10-K and other filings with the SEC. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Path 1 undertakes no obligation to update such statements.
For further information please contact:
media, David Carnevale, Vice President of Marketing, of Path 1 Network Technologies Inc.,
+1-858-450-4220, ext. 122, corpcomm@path1.com;
investors, Robert B. Prag, President of The Del Mar Consulting Group, Inc.,
+1-858-794-9500, bprag@delmarconsulting.com , for Path 1 Network Technologies Inc.
SOURCE Path 1 Network Technologies Inc.
Web site: http://www.path1.com