08/05/03 News Release
Amnis Expands VAR Program by Signing Hyperion Inc. as Recovery Process Strengthens Going Into Q4 2003
2003-08-05 07:00 ET - News Release
PALO ALTO, Calif., Aug. 5 /PRNewswire-FirstCall/ -- Amnis Systems Inc. , a leading provider of networked streaming video systems, announced that it is expanding its Authorized Value Added Reseller program by signing an agreement with Hyperion, Inc. to integrate and resell Amnis products. "Amnis technical leadership and strong market penetration are impressive credentials for partnership," said Tom Bryan, Principal System Analyst at Hyperion, Inc. "Video Networking applications are growing, and Amnis provides our company with an excellent platform to develop value based, fully integrated solutions for our customers."
Hyperion, Inc. supplies networked computer systems, network infrastructure, and software and engineering services to a worldwide customer base. The company provides innovative technical support and engineering services to both Federal government and private industry.
The signing of Hyperion, Inc. is further evidence of the business recovery underway at Amnis. "Amnis is on target to sign a minimum of four (4) new resellers in the third quarter of 2003," said Scott Mac Caughern, President and CEO of Amnis Systems, Inc. "Our order pipeline continues to rapidly recover as new order input for the fourth quarter of this year is expected to double the third quarter's orders."
About Amnis Systems Inc.
Amnis Systems Inc. is the market leader in the networked streaming video market. The company develops, manufactures and delivers MPEG network video products for high-quality video creation, management and distribution worldwide both directly and through leading industry partners. Based in Palo Alto, California, Amnis products are used in diverse applications such as such as surveillance, distance learning, content distribution, corporate training, telemedicine, video-on-demand and high-quality video conferencing. To find out more about Amnis Systems Inc., visit our website at http://www.amnisinc.com/ or phone 1-800-239-0600.
'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. Our forward looking statements are based on currently available information which management has assessed but which is dynamic and subject to rapid and even abrupt change due to risks and uncertainties that affect our business, including the unpredictability of future revenues and limited visibility into future demand on which to base our forecasts; the current uncertainty in our marketplace which may impact expected demand. Customer selection criteria and sales cycle; our ability to execute on product deliverables and major customer contracts; slower economic growth generally, slower adoption of broadband technology, or cutbacks in information technology spending; and factors beyond our control such as power outages or work stoppages at key customers.
CONTACT: Scott Mac Caughern of Amnis Systems Inc., +1-650-855-0209, or scott@amnisinc.com.
Amnis Systems Inc.
CONTACT: Scott Mac Caughern of Amnis Systems Inc., +1-650-855-0209, or
scott@amnisinc.com
Web site: http://www.amnisinc.com/