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Industry Leader Gains Access to 1st Media Patent SAN FRANCISCO, - Ecast Inc., the leading out-of-home interactive media company that operates the largest network of broadband-enabled, digital touch-screen jukeboxes, has signed a license agreement with 1st Media LLC covering 1st Media’s core multimedia patent for downloading music and video, ending the patent litigation between the parties.The licensed patent was developed by interactive media pioneer Dr. Scott Lewis, CEO of 1st Media, a leading technology licensing company with a patent portfolio of advanced multimedia innovations. “We are pleased to have entered into this important licensing agreement with 1st Media. This secures our leadership in the marketplace and allows our company to focus on further expanding our network footprint,” said John Taylor, president and CEO, Ecast. Emphasizing the importance of the agreement, Dr. Lewis said, “1st Media is delighted to have an industry leader, such as Ecast, license our technology. Our premier patent portfolio is widely recognized in the industry; it will allow Ecast to develop superior media products to better serve their customers.” Terms of the settlement between the two parties are not being disclosed. ABOUT 1st MEDIA 1st Media LLC is a leading technology licensing company with a patent portfolio of advanced multimedia innovations. 1st Media is headed by Internet pioneer Dr. Scott Lewis who led the development of the world’s first single integrated circuit chip with on-board video and audio compression, advanced adaptive digital signal processing technology at Oxford University, and introduced multiple broadband Internet and multimedia technologies. ABOUT ECAST Ecast (www.ecastnetwork.com), founded in 1999, operates the largest broadband-enabled touchscreen media network in the United States with more than 8,000 digital jukeboxes nationwide. Each unit is linked to a database containing the largest music selection in the industry. By providing digital music to over 42 million listeners per month, the Ecast network allows marketers and content providers to reach an audience of highly desirable, young-adult influencers who profoundly affect purchasing decisions and consumer trends. Ecast’s investment partners include Crosslink Capital, DCM, El Dorado Ventures, Focus Ventures and Mobius Venture Capital. October 16, 2006 |
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