World Leader in High-Quality Video Compression Becomes Skolkovo Resident
Elecard, the world's leading provider of high-quality video compression technologies and products, received the status of the Skolkovo Foundation resident. The new member of the Innovative Center designed a project aimed at developing prospective solutions for the newest video compression standard H.265/HEVC.
Last November, the project entitled «Development of cross-platform algorithms and IPTV software products for video signal encoding and decoding in the new generation H.265/HEVC format» was presented to the Skolkovo Foundation Committee and received a lot of attention and positive feedback from the committee members.
The Elecard's innovative solution is connected with the official release of the new generation H.265/HEVC video compression format, which will soon replace the widely-spread H.264/AVC. The newest video compression standard HEVC will allow the resolutions from 2000 (2K) pixels and higher, doubling the current processing capacities as compared to the currently universally utilized video standards, and minimizing the usage of disk storage by reducing the file size. In its turn, this will not only significantly increase the video quality, but will also allow to exploit the available bandwidth more efficiently without compromising the quality.
The introduction of the new standard requires the development of algorithms and software products that would enable video encoding, decoding, processing, analysis and conversion in the HEVC format. The Elecard's project describes a step-by-step solution for these challenges and offers the newest prospective products for broadband streaming in IPTV networks and rendering Video-On-Demand services in the High-Efficiency H.265/HEVC format.
The innovative solution from the new Skolkovo resident has a vast field of application and will be in high demand among network integrators, services providers and developers for video surveillance systems, video conferencing, machine vision systems, real-time video processing, video quality analysis, as well as for IPTV, CDN, and OTT solutions.
About the Skolkovo Foundation
The Skolkovo Foundation is a Russian nonprofit organization founded in 2010 and charged by Russian President Dmitry Medvedev with creating a new science and technology development center in the Moscow suburb of Skolkovo. The Skolkovo innovation ecosystem comprises the Skolkovo Institute of Science and Technology, corporate R&D centers, business incubators and accelerators, private seed and venture funds, and start-up companies, as well as residential space and social infrastructure. Skolkovo is governed by a special law, which gives its resident companies special economic conditions for running their businesses. More than 200 companies have received the status of Skolkovo resident.
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Elecard is a leading provider of video compression technology and high quality software products for video and audio playback, editing, analysis, multimedia content preparation and streaming. Elecard offers codec packs for licensing and solutions for digital TV industry, such as software servers for real-time encoding, Internet streaming, and video on demand services, as well as set-top boxes and capture cards. Elecard is based in Tomsk, Russia, with subsidiaries in the USA and Vietnam. For more information, please visit www.elecard.com