Boston, MA 06/13/2014 (wallstreetpr) – Verizon Communications Inc. (NYSE:VZ) through Verizon Digital Media has unveiled its Image IQ Video bandwidth Reduction, a technology that will be used to support efficient video content delivery sure to enhance end-customer’s experience. Offered by A2Zlogix, the new technology is designed to reduce file size without causing any quality deterioration that is normally common with many forms of noise suppression technologies.
ImageIQ Features And Capabilities
The new technology is expected to support linear live and video-on demand broadcasts able to address the growing demand for video content delivery, across the various networks without having to incur large infrastructure investment. ImageIQ will operate on almost all static and mobile equipment’s, from IMAX 3D Movie screens to smartphones.
Verizon Communications Inc. (NYSE:VZ) plans to develop new cloud service that will enhance video capabilities of the new technology. To support this, Verizon has signed an agreement with Intel Corporation (NASDAQ:INTC) with a view of acquiring OnCue, a unit that will be used to offer cloud TV Products, as well as services. The company is also working on the acquisition of additional spectrum that will be used to support various data services.
Spherix Begins Litigation Against Verizon
Spherix Inc. (NASDAQ:SPEX) has started a patent litigation case against Verizon alleging that the company infringed four of its patents. The patents forming the basis of the case were developed by Nortel Networks. The patents are related to FiOS VoIP and other, internet services that are currently provided by Verizon Communications Inc. (NYSE:VZ). Spherix under the litigation seeks recovery of damages for a substantial amount of revenues, as a result, of the patent.
Verizon Closes $3.3 Billion Notes Sales
Verizon Communications Inc. (NYSE:VZ) has confirmed the closure of Floating Notes due in 2017 worth $1.3 billion and a further $2 Billion, 1.35% notes due in 2017. As per the company’s prospectus, net proceeds from the transaction will repay net borrowings under the term loan credit agreement and for other general corporate purposes.
