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VEOH NETWORKS USHERS IN NEW AGE OF LEGAL P2P VIDEO DISTRIBUTION WITH RELEASE OF VEOHNET; Advanced P2P Video Distribution System Built With Copyright Holders’ Interests In Mind
Website: http://www.veoh.com/ LA JOLLA, Calif. – August 17, 2005 – Veoh Networks, Inc., the first Internet Television Peercasting Network, today announced its VeohNet™ protocol, the company’s video transport system that significantly surpasses the capabilities of existing peer to peer (P2P) systems in effectively distributing high-quality video. The VeohNet protocol is the backbone of Veoh Networks, which will launch in beta in the coming weeks. Veoh Networks was founded by Dmitry Shapiro, a technologist best known for creating the world’s leading P2P security software used by more than one million enterprise users today to manage and regulate applications like BitTorrent and Grokster. “Our engineers and I have spent the last five years dealing with various P2P networks including BitTorrent, eDonkey and FastTrack, as well as the dozens of applications that support these protocols, including Grokster, KaZaa and Morpheus.” said Dmitry Shapiro, Veoh’s CEO. “We have created a new protocol that sets a new standard in terms of both technology and legitimacy for content owners. In contrast to earlier approaches, our focus from inception has been respecting the rights of content owners.” According to a recent Massachusetts Institute of Technology study, existing decentralized swarmcast systems are fundamentally limited, especially in their ability to penetrate firewalls, requiring users to open ports in order for the systems to work effectively. VeohNet uses advanced firewall traversal technology to provide excellent performance to all users without firewall adjustments or decreasing security requirements. VeohNet was also specifically designed to provide DMCA compliance, unlike traditional systems that do not take this in to account and enable the rampant piracy of intellectual property. Veoh’s engineering team is led by Dr. Ted Dunning, who was previously the chief scientist at Musicmatch (now a division of Yahoo! Music), IDAnalytics and Aptex (an HNC company). For the past 20 years Dr. Dunning has built complex mathematical models that predict network behavior based on mega-dimensional matrixes of inferred and implied variables. These mathematical models create a layer of intelligence on top of the transport protocol that better guides video transport over P2P network architectures. Veoh software, installed on consumers’ PCs or Macs, creates a virtual television network that is able to distribute TV-quality, full-screen broadcast video to hundreds of millions of users with broadband Internet connections. Motion picture studios, television networks, organizations and individuals can publish unlimited amounts of broadcast video content to the network, providing consumers with unparalleled choice in television programming and control over their viewing experience. A beta version of Veoh’s software and service will be available later this month. Content producers and owners and consumers are encouraged to visit www.veoh.com to sign up for notification upon launch. About Veoh Networks, Inc. San Diego-based Veoh Networks is the first Internet Television Peercasting Network, reaching hundreds of millions of viewers with broadband Internet connections throughout the world. Veoh allows content producers, from video bloggers (vloggers) to motion picture studios, to deliver TV-grade, full-screen video directly to consumers, without financial, geographical or regulatory restrictions found in traditional broadcasting systems. Veoh is privately held and venture-capital funded. # # #
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