EVS joins the TICO Alliance, working to develop a new video compression standard
Liège, Belgium, September 03, 2015 – EVS, the leading provider of live video production systems, today announced that it has joined the TICO Alliance, which is working to establish a new visually lossless (up to 4:1) video compression standard that enables 4K/UHD transport over existing SDI infrastructures as well as 10 GigE IP production and contribution networks.
EVS’ move to join the growing consortium is in line with its “IP4Live” IP-based approaches to live video infrastructure and open solutions that supports interoperability between technology providers and optimisation of existing customer infrastructures to meet new production standards.
The TICO Alliance, which includes broadcast technology industry leaders such as Grass Valley, Imagine Communications, Artel Video Systems, Embrionix, intoPIX, and Ross, is supporting new UHD streams in existing systems and networks using available pipeline bandwidth with the lowest latency, smallest complexity and highest-quality preserved image quality.
“With the steady transition to IP and the need to move 4K/UHD and even higher resolutions and frame rates in the future, precise compression is essential to next-generation video production and distribution,” said Benoit Fevrier, CTO, EVS. “TICO is an important step in this evolution and we’re committed to developing the standard and to the larger IP-based live ecosystem.”
Since January 2015, a Registered Disclosure Document (RDD) is under specification at SMPTE defining TICO compression and 4K mapping over active 3G-SDI and IP Networks (RTP). Developed by intoPIX, TICO compression technology is designed specifically for high bandwidth video transfer – HD to 4K/8K Ultra HD – over IP.
EVS is globally recognized as the technology leader for live video production. The company introduced Live Slow Motion replay in 1994, and has continued to build on its reputation for quality and reliability with solutions that enhance live sports, entertainment and news content. Innovations – such as the C-Cast multimedia platform and DYVI IT-based switcher – are raising the bar for live production enrichment, management and distribution. Broadcasters, rights owners, producers and venues alike use EVS to maximize the value of their productions and increase revenue streams.
The company is headquartered in Belgium with offices in Europe, the Middle East, Asia and North America, and provides sales and technical support to more than 100 countries. EVS is a public company traded on Euronext Brussels: EVS, ISIN: BE0003820371. For more information, please visit www.evs.com
About TICO ALLIANCE
TICO alliance is a growing coalition of leading Broadcast equipment manufacturers, OEM providers, broadcasters, electronics brands and technology companies united to set the bar for next generation infrastructure by establishing TICO lightweight compression in the new IP-based Live production ecosystem that allows users to seamlessly update and upgrade the existing SDI-based workflows to 4K/UHD. More information about the members and the alliance can be found on www.tico-alliance.org
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Forward Looking Statements
This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS’ management are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. EVS undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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