LeoNovus Announces Pre-Order Program With Preferred Partner Reycom
(Marketwire Via Acquire Media NewsEdge) PALO ALTO, CA -- (MARKET WIRE) -- 11/23/11 --
LeoNovus ("LeoNovus" or the "Company") (TSX-V: LTV), a leading developer of integrated high-performance browser-based HDTV Internet software platforms, announced today a "Preferred Partner Program" with Reycom, a Swiss based supplier of high-quality next generation entertainment set top boxes. LeoNovus will offer for sale the Reycom Entertainment Center ("The REC" 100 ATSC) bundled with the LeoNovusTV Service. Built on the Windows® Embedded Standard 7 platform, Reycom's latest set top box uses high-performance components from Intel® and Nvidia® to provide a flawless, connected TV experience with multi-room capabilities. The REC is equipped with live TV in HD, time-shift abilities, and dual access to the Internet for a wide range of films and TV shows via video on demand (VoD), gaming, movies, Internet TV, music and applications including YouTube®. Consumers are able to store virtually all of their entertainment choices, and play them within the built-in hard disk and DVD player. In addition, the REC's extensive multi-room features allows streaming of videos, music, pictures, and more, between the REC and the user's PCs, home server and/or Windows Phone 7 including Xbox 360® as an extender. The REC's functionalities can be either controlled by the supplied REC RF remote control or via Windows Phone 7 and/or Apple® iPhone.
The LeoNovusTV service adds an integrated browser for full access to the web with a managed cloud service to deliver all the features and functionality consumers experience today on their PC without the malware, viruses and support issues. LeoNovus adds its proprietary acceleration to run full screen high definition Flash video from YouTube and others for a "One touch full screen video." Additionally, LeoNovus can support massively multi-player online games; browser based Flash games as well as Windows based PC games. A unique feature to the LeoNovusTV service is its "Personal Agent™" which allows users to build a personalized channel. Simply type an interest in the LeoNovusTV program such as "NASA in High Definition 1080p" or "Dr. Who®" and the LeoNovus Personal Agent will search the web and local devices to populate a personal channel notifying the user when the content is available for viewing. This feature also allows for downloading content(1) in the background for playback should the user reside in areas that have either limited or intermittent bandwidth for the streaming of high definition TV or movies. Additionally, LeoNovus provides social networking functionality by having the ability to support top social networks sites, instant messaging or even email. Full turnkey browsing with upgrade capabilities provided through the remotely managed cloud system delivers access to the latest additions to the web without waiting for custom integration, pushing new software updates to the product transparently in the background. The user can access their iTunes® account, or the latest film release whether it is from Apple® or from Microsoft® via the browser. Adding new services, personalized advertising, personalization, services and/or ecommerce for partners is supported and generate ongoing value.
"We are pleased to partner with Reycom for the North American market on this direct-to-consumer program," stated Gordon Campbell, CEO of LeoNovus. Their high quality and user friendly approach is synergistic with our philosophy and we look forward to launching this bundled offering."
The Pre-Order program supports a registration on the LeoNovus website www.LeoNovus.com beginning Nov. 23, 2011 for expected delivery of the product beginning in late November. The price is US$ 599.00 plus shipping and handling.
"Reycom is excited to offer the REC 100 ATSC to the North American market," said Pascal Rey, CEO of Reycom. "We believe that offering full access capabilities to include TV and Internet in a personalized, interactive and easy to use product is the best of all worlds. The ability to deliver a user's favorite entertainment program or application today as well as new evolving favorites and trends going forward allow this product to adapt to the user. We look forward to working with LeoNovus for the North American market and are thrilled to kick off the Pre-Order program in time for the holiday season."
LeoNovus is committed to developing high quality personalized next generation products to deliver "all the video, all the web, all the games, at any time" in a very personalized consumer friendly way. The LeoNovus approach to Internet TV seeks to introduce a unique "profitability" component that has been missing from current attempts to expand the Web onto the TV -- an integrated content management system that will deliver carefully targeted ads, marketing campaigns, services and applications that are linked to individual viewer preferences and interests. This combination of an intuitive smart client and integrated content management is expected to bring a new level of specificity and accountability to revenue models.
About Reycom: (http://www.Reycom.ch)Reycom is an entertainment company developing solutions ranging from end-user devices containing TV tuners with encoding/encryption technologies to new software services such as e-commerce offerings accessible from your TV. Reycom is under the control and management of its founder and CEO Pascal Rey. The company operates competence centers in Switzerland (Aarau) and Germany (Hamburg) employing hardware and software engineers with multi-annual track records in design and production of high-end media centers and classical set top boxes. Reycom operates in close cooperation with leading technology partners such as Intel, Microsoft and Nvidia.
About LeoNovus Inc. (www.LeoNovus.com)LeoNovus is developing a high performance browser-based Internet platform with a managed system approach that will provide HDTVs and other consumer electronic devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered on HDTVs, providing a true consumer electronics experience to the largest monitor in the house.
LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus's growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
All trademarks and brands mentioned in this release are the property of their respective owners.
(1) If allowed by content holder's digital rights option
For more information, please contact:
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Phone: (650) 856-8500
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T: (650) 856-8500
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