SAN DIEGO, July 25, 2005 (PRIMEZONE) -- IPEX, Inc. (OTCBB:IPEX) announced today, and in an 8-K filed on July 12th, that it has acquired certain intellectual property assets in the field of digital image processing that, the company expects, will significantly enhance digital image quality and reduce file size. The company intends to commercialize and incorporate the technology as a value-added feature to its VoIP service offerings and for possible out licensing.
"With the growing global demand for image compatibility and the widespread adoption of IP telephony, combining these two services in a dynamic, low-cost IP exchange is a natural strategy for IPEX," said company founder, Wolfgang Grabher. "The potential for cost savings with regards to bandwidth, storage, processing and power consumption in the wireless and IP world is significant."
At its core, the technology constitutes a revolutionary reinterpretation of the treatment of light and color in the digital medium. The current industry standard relies on a three-dimensional color cube, known as RGB (red, green, blue), to process, distribute and store image data. In an RGB display, three separate data points, or bytes, are required to identify the color of an individual pixel. Light, or brightness, in RGB formats, is treated not as a natural component, but as an overlay of varying shades of gray, a phenomenon easily demonstrated by adjusting the brightness on a television set.
IPEX' technology solves the light and file size limitations of the RGB standard by transforming it into a four-dimensional system that includes red, green, blue and light ("RGBL"). RGBL's formula-based reinterpretation of digital light and color substantially increases image quality and decreases file size. The technology is highly scalable and capable of outperforming today's wavelet compression technologies. Visual artifacts, a phenomenon that plagues current RGB compression formats, are significantly reduced.
"The RGBL acquisition is another step toward our goal of becoming the leading IP exchange for voice and media content," commented Jerry Beckwith, IPEX Chairman and CEO. "Naturally, given the technology's scope, there may also be interesting licensing opportunities for RGBL that would further add to shareholder value."
About IPEX, Inc.
IPEX, Inc. operates an electronic market for the exchange of international, IP-based telecom traffic and is developing a peering fabric with ENUM connectivity to terminate calls based on Voice over Internet Protocol (VoIP). The exchange members, primarily consisting of communications service providers, exchange traffic according to route quality and pricing criteria through an interactive, software-based system. IPEX's automated VoIP platform updates, routes and executes its capacity using proprietary software that also invoices and processes payments for its members and provides them dynamic access to routes and related information worldwide. The company is also developing digital imaging technology for use in IP and wireless data transmission that enhances the quality of traditional RGB (red, green, blue) images, while reducing their file size. IPEX, Inc. is based in San Diego, California.
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as IPEX, Inc. "expects," "should," "believes," "anticipates" or words of similar import. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in the IPEX filings with the Securities and Exchange Commission, including IPEX annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and IPEX does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.