HERZLIYA, Israel - Beamr Imaging Ltd. (NASDAQ: BMR), known for its video optimization solutions, has announced its plan to demonstrate a real-time video optimization application at the NAB Show 2024 in Las Vegas, Nevada, scheduled for April 13-17. The technology, which aims to address the increasing demand for high-quality video streaming, will be featured alongside NVIDIA (NASDAQ:NVDA)'s Holoscan for Media, a platform designed for building live media applications.
The need for efficient video streaming is heightened by the continuous growth in live event transmission and applications across various industries such as edge computing, IoT, and autonomous technologies. Despite the expansion of 5G bandwidth, internet providers are facing challenges in supporting the necessary upload speeds for ultra-high-definition video (UHD or 4K). Beamr's technology, which has been proven to reduce video file sizes significantly without quality loss, may offer a solution to these bandwidth constraints.
Beamr's real-time video optimization leverages its perceptual optimization technology (CABR), which is supported by 53 patents and has been operational across various use cases. The demonstration at the NAB Show will utilize NVIDIA's Holoscan for Media, a software-defined, IP-based, cloud-native platform that allows for application development without the limitations of dedicated hardware or specific locations.
The optimized streaming technology fully supports AV1, a codec developed by the Alliance for Open Media (AOM), and combines it with Beamr's quality optimization to minimize bandwidth usage while maintaining optimal streaming quality.
Beamr's CEO, Sharon Carmel, emphasized the urgent need for solutions that can enable 4K video streaming at scale over 5G, potentially enhancing user experiences and reducing costs for enterprises. Sepi Motamedi, Senior Product Marketing Manager for Live Media Solutions at NVIDIA, also highlighted the importance of efficiency and flexibility in emerging live media workflows, suggesting that Beamr's technologies could help deliver the next generation of viewing experiences.
The NAB Show, produced by the National Association of Broadcasters, showcases leading products and technologies in the broadcasting industry. Beamr is extending an invitation to attendees interested in its real-time video streaming capabilities to schedule a meeting during the event.
This news is based on a press release statement from Beamr Imaging Ltd. and contains forward-looking statements subject to risks and uncertainties. Statements regarding Beamr's strategic plans, partnerships, and the potential impact of its technology on the industry are forward-looking and are based on current expectations, which may change over time.
InvestingPro Insights
As Beamr Imaging Ltd. (NASDAQ: BMR) prepares to showcase its cutting-edge video optimization solutions at the NAB Show 2024, investors may be interested in the company's financial health and stock performance. Recent data from InvestingPro indicates some notable metrics that could be of interest:
- The company's market capitalization stands at a modest $93.14 million, suggesting it is a smaller player in the tech industry, which may appeal to investors looking for growth potential in niche markets.
- Beamr has demonstrated a significant revenue growth rate in the last twelve months as of Q4 2023, with a 1.61% increase, indicating a steady upward trend in sales.
- The stock has experienced an impressive year-to-date price total return of 327.59%, showcasing a strong market performance that could catch the eye of momentum investors.
InvestingPro Tips for Beamr Imaging Ltd. highlight that despite a challenging P/E ratio of -61.50, the company's gross profit margin is exceptionally high at 96.7%, which may point to a robust underlying business model with the potential for improved profitability as revenues scale. Additionally, the recent price surge suggests that the market is responding positively to the company's strategic moves, including its upcoming demonstration at the NAB Show.
With these insights in mind, investors who are intrigued by Beamr's potential in the video streaming space might consider further research. For an in-depth analysis, InvestingPro offers additional tips on the company's financial health and future prospects. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription and access the full suite of InvestingPro Tips, including more than 10 additional insights on Beamr Imaging Ltd.
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