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STK Silverstock Metals Inc

0.27
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Silverstock Metals Inc CSE:STK CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.27 0.26 0.33 0 01:00:00

StorageTek Signs Global OEM Agreement with Front Porch Digital

11/12/2003 10:00am

PR Newswire (US)


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StorageTek Signs Global OEM Agreement with Front Porch Digital Front Porch Estimates Deal Value at $1 Million NEW YORK, Dec. 11 /PRNewswire-FirstCall/ -- Front Porch Digital Inc. (BULLETIN BOARD: FPDI) today announced that StorageTek(R) (Storage Technology Corporation, NYSE: STK) has signed a global OEM agreement to provide StorageTek with a worldwide license to market and sell DIVArchive software. In addition, StorageTek is now authorized to provide customer support, professional services, implementation services, and product updates in connection with the DIVArchive software for its customers worldwide. Ideally suited for managing complex storage workflow requirements for broadcast applications, DIVArchive software is reliable, flexible and accessible in all complete broadcast solutions. Simply, DIVArchive provides a state-of-the-art, end-to-end tapeless archive system which results in clients' increase in ROI and reduction in capital and operational expenditure. "Over the past four years, Front Porch and StorageTek have proven to be a winning team in the broadcast market," said Front Porch CEO Mike Knaisch. "Though DIVArchive works with all the major storage solution providers, more than half of our 60 worldwide installations are operating on a StorageTek platform. This agreement allows us to build on our past success, extend the global reach of our sales and marketing efforts, and strengthen our ability to compete and win in every region around the globe." "StorageTek is committed to providing best-of-breed technology in the archive management realm, so DIVArchive fits well with our offerings," said Roger Good, director of global services at StorageTek. "Front Porch is a leading provider of archive solutions to the broadcast market in Europe and Asia, and we are putting the necessary resources behind this relationship to strengthen their position and ours in every market StorageTek serves." About Front Porch Digital: Front Porch Digital Inc. (http://www.fpdigital.com/) is transforming the digital world by developing unique software and services that convert audio, video, images, text and data into digital formats that enable searching, browsing, editing, storage and on-demand delivery of content in nearly any other digital format through a single capture. They are the number one provider of archive management software in Europe and Asia. Front Porch Digital Forward-Looking Statements: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect Front Porch Digital's current views with respect to future events and financial performance. Such statements are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated from such forward-looking statements. The potential risk factors include Front Porch Digital's limited operating history and experience in the data and video digital conversion business, Front Porch Digital's ability to attract significant additional financing and incur operational losses and negative cash flow, and risks associated with expansion. Additional risk factors are set forth in Front Porch Digital's reports and documents filed with the Securities and Exchange Commission. DATASOURCE: Front Porch Digital Inc. CONTACT: Mike Knaisch of Front Porch Digital, +1-303-938-1504, ; or Allison Withers of Wilkin Guge Marketing, +1-909-625-2225, for Front Porch Digital

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