Telanetix Wins New Customers With Telepresence Solutions Tailored for Key Verticals
SAN DIEGO, July 10 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC Bulletin Board: TNXI), a leading developer of IP-based video and conferencing solutions, announced today that new customer wins in June have significantly increased backlog for the company's products and services. Telanetix enters the third quarter with a backlog in excess of $1.5 million after winning contracts in various key verticals including hospitality, financial services, medical, education and entertainment.
SAN DIEGO, July 10 /PRNewswire-FirstCall/ — Telanetix, Inc. (OTC Bulletin Board: TNXI), a leading developer of IP-based video and conferencing solutions, announced today that new customer wins in June have significantly increased backlog for the company's products and services. Telanetix enters the third quarter with a backlog in excess of $1.5 million after winning contracts in various key verticals including hospitality, financial services, medical, education and entertainment.
"Recent contract wins have helped us build a substantial backlog for the third quarter," said Robert Leggio, Telanetix Vice President of Sales. "As we continue to introduce new features that meet the needs of users in various industries we will be able to increase our sales in these new vertical markets."
Telanetix uses its proprietary Digital Presence technology to provide telepresence solutions that facilitate a natural meeting environment with geographically dispersed participants. The flexibility of the Telanetix technology allows people to meet and collaborate, using their own data and tools, as if they were all in the same room.
"We are creating telepresence products that satisfy the unique communication and collaboration needs of targeted vertical markets," stated Rick Ono, Telanetix President and Chief Operating Officer. "Our philosophy is that the technology must serve the user in their natural meeting environment. We are leveraging the flexibility of our core technology to create application-specific telepresence solutions that meet the needs of organizations in industries such as hospitality, financial services, medical, education and entertainment."
About Telanetix, Inc.
Telanetix, Inc. has developed a unique technology which creates a fully immersive and interactive environment that integrates audio, video, and data from multiple locations into a single environment regardless of geographic boundaries. The company's Digital Presence(TM) Technology delivers full size, face-to-face images of real-time video, audio, and data in high quality resolution at 30 frames per second which is so profoundly real that users feel as if they are all present in the same room. Using Telanetix developed Codecs and advanced MPEG-4 compression on a Linux platform, the Company has effectively replaced the central videoconferencing bridge of legacy systems with high quality decentralized IP multicasting which provides speed and resolution which is significantly greater than those found in most existing technologies.
Additional information is available at the Telanetix corporate website at http://www.telanetix.com.
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.
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SOURCE Telanetix, Inc.