Beamr and Bridge Digital Inc. Deliver “Forever Video”

Bridge Digital Inc. distributes Beamr’s GPU-based, high-performance, future-proof video service to news, sports and entertainment broadcasters and streamers, as well as other companies with large video repositories

Herzliya, Israel, Oct. 15, 2024 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leading provider of video optimization and modernization technologies and solutions, today announced a collaboration with Bridge Digital Inc., a proven video technology integrator.

Beamr’s patented, GPU-based, award-winning technology – available through scalable cloud services – significantly reduces the size of video files and live streams by up to 50% while maintaining the same quality as the original.

Combined with Bridge Digital Inc.’s extensive expertise, Beamr and Bridge Digital Inc. will provide a specialized service for companies and organizations with extensive video repositories, including news, sports, entertainment and user-generated content, for delivery and distribution. Beamr and Bridge Digital Inc. will enable companies that rely on video for their daily operations or manage massive video libraries to achieve “Forever Video” – future-proofing their content for long-term compatibility through efficient, automated and scalable Ensuring processes and at the same time significantly reducing costs.

Beamr’s highly efficient and high quality video service also allows upgrades to the AV1 (AOMedia Video 1) format, ensuring long-term video compatibility.

“Working with Bridge Digital Inc., leveraging their extensive expertise in media storage and video management, provides Beamr customers with a streamlined approach to fully benefit from our video pipelines,” said Sharon Carmel, CEO of Beamr. He added: “In the expanding video world, companies are faced with rising costs and increasing complexity. Beamr’s GPU-based services process video 10 times faster and cost one-tenth the cost of software-based workflows, providing critical value to the broadcast, streaming, IoT and edge computing industries.”

“Beamr adds significant value to the process we have coined ‘Forever Video,’” said Richie Murray, CEO of Bridge Digital Inc. He continued: “Video modernization to AV1 or HEVC (High-Efficiency Video Codec) provides remarkable value to companies with large video repositories, ensuring they can be played, backed up with high quality, or transferred to new storage systems on demand for decades to come.

Easily accessible to AWS (Amazon Web Services) and OCI (Oracle Cloud Infrastructure) customers, Beamr’s cloud optimization and modernization service provides automatic, scalable and cost-effective video pipelines that are AI-enabled.

Bridge Digital Inc. is a US-based video technology integrator specializing in improving video workflows. For more than two decades, they have helped dozens of video creators and owners manage, monetize, distribute, and archive video repositories effectively and efficiently.

About Beamr

Beamr (Nasdaq: BMR) is a global leader in content-adaptive video optimization and modernization. The company supplies top media companies such as Netflix and Paramount. Beamr’s inventive Perception Optimization Technology (CABR) is covered by 53 patents and has received an Emmy® Award for Technology and Engineering. The innovative technology reduces the size of the video file by up to 50% while guaranteeing quality.

Beamr Cloud is a powerful, GPU-based video optimization and modernization service designed for enterprises and video professionals across multiple industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization into advanced formats such as AV1 and HEVC and is ready for video AI workflows. For more information, visit www.beamr.com

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to significant risks and uncertainties. Forward-looking statements in this release may include, but are not limited to, statements regarding Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its include future results, business operations and financial performance and condition. All statements contained in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “ could”, “plan”, “potential”, “predict”, “project”, “aim”, “aim”, “should”, “will”, “would” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. In addition, certain forward-looking statements are based on assumptions about future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, those set forth below risks listed The Company’s annual report filed with the SEC on March 4, 2024 and subsequent filings with the SEC. The forward-looking statements contained in this release are made as of the date hereof and the Company undertakes no obligation to update this information, except as required by applicable law.

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