Recent Gains Can be Attributed to Strong Progress Made by RAYS
The recent gains in Raystream shares can be attributed to the strong progress made by the company since the launch of its online video compression technology.
On October 13, RAYS announced its first contract win.
Raystream entered into its first customer contract with edgefactory OMNIMEDIA for a variable use of the Raystream Compression Service. RAYS signed a one-year license agreement with edgefactory OMNIMEDIA.
The first customer contract was negotiated through Raystream’s Orlando office.
In order to boost sales, RAYS has also appointed four new business development managers recently to serve business customers throughout North America. All four business development managers appointed by RAYS have years of experience in marketing, technology and business development. Their addition to the team will benefit RAYS in the near future.
Raystream Inc. (OTC: RAYS), owner of a proprietary video compression technology that significantly reduces bandwidth costs by reducing the file size of HD videos, is seeing a sharp decline in its shares despite the launch of a new live streaming solution that allows real-time compression for distribution of live broadcast HD videos.
The New Live Streaming HD Video Compression Technology
Raystream’s new live streaming solution is applicable to any live event. RAYS believes that with the new live streaming solution, bandwidth requirements and costs are significantly reduced, with no decrease in the quality or clarity of the video.
Brian Petersen, CEO of Raystream, said that RAYS’ business customers can now seamlessly incorporate the company’s real-time video compression technology into their existing video streaming processes, significantly reducing the bandwidth required to stream live events.
Petersen believes that RAYS’ live HD streaming solution offers more efficient, less expensive delivery of live streamed video. According to Petersen, the new technology offers limitless possibilities and will enrich the end-user video experience dramatically.
