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Germany's WISI Group Makes Significant Strategic Investment in Inca Networks, Companies Work Together on Global Sales and Multi-Screen Development Opportunities

MAPLE RIDGE, B.C. and VANCOUVER, July 29, 2015 (GLOBE NEWSWIRE) -- Inca Networks announced today that Germany's WISI Group has made a significant strategic investment in the Company and WISI executives will be joining the Inca board of directors. The companies will work together on the global development and delivery of linear IP video and over-the-top (OTT) multiscreen solutions, including project focus on HEVC video compression and transcoding, network DVR, confidence monitoring and personalized ad insertion.

"We are very pleased to announce this partnership with WISI," said Jeff Campbell, CEO of Inca Networks. "With WISI, we have found a partner with the history, scale and worldwide presence, to make Inca a truly global player in Intelligent Video Delivery. This relationship will allow us to accelerate our growth, serve an increasingly diverse international client base and deliver comprehensive and innovative new solutions to our customers around the world."

WISI will become the exclusive distributor for Inca's award-winning video transcoding and multiscreen products in Europe, Asia, South America, Africa and the Middle East while Inca Networks will become the exclusive North American partner for WISI's award-winning modular RF/IP platforms, CHAMELEON and TANGRAM, as well as the OPTOPUS FTTH product range.

"As the cable TV business evolves from RF to a more IP-centric model, this investment in Inca solidifies WISI's position as a leader at the crossroads of next generation video," said Axel Sihn, CEO of the WISI Group of Companies. "The reception, processing and transmission capabilities of the WISI products, combined with Inca's powerful VidiOS software and linear and multiscreen hardware, will enable video operators to deploy complete systems to meet the demands of today's highly mobile and technology savvy video consumer."

As part of the investment and growth strategy, Inca will be expanding the engineering, development and customer support operations teams at its Vancouver, Canada offices. First contact, multilingual support for international clients outside of North America and the Caribbean will be handled by the WISI support resources around the world.

"Inca has built a strong brand in the North American market with innovative technology and it's powerful and unique VidiOS software," said WISI CEO, Sihn. "In addition to introducing our global clients to the Inca products, we are equally excited about Inca bringing the extensive WISI product catalog to video operators in the large and dynamic markets of the US, Canada, Mexico and the Caribbean."

Inca products are now available globally via existing WISI sales channels. WISI products are now in field trials with a number of North American operators and are available via existing Inca sales channels.

About Inca Networks

Inca Networks is reinventing the future of multiscreen video delivery. Inca offers industry-leading Intelligent Video Delivery™, a revolutionary software-centric solution for intelligent, real-time processing of linear and multiscreen television content. At its core is VidiOS™, an advanced software processing and monitoring engine that provides deep visibility and control of all video flows, combined with powerful, modular hardware. Inca's IP video solutions address all aspects of next-generation video, including high density MPEG-4 and MPEG-2 HD and SD transcoder modules for linear and multi-screen adaptive bit-rate (ABR) and HTTP live streaming (HLS) services; demultiplexing and remapping of MPTS video from satellite and off-air sources to SPTS streams in digital cable, DSL and fiber to the home (FTTH) IPTV networks; multi-viewer mosaic and status monitoring software, digital music service demuxing, and modular ASI to IP conversion. Video providers around the globe use Inca to easily and affordably deliver content, to any screen on any network, all with a superior customer viewing experience and a second-to-none view of the network. www.incanetworks.com.

About the WISI Group of Companies

The Wilhelm Sihn jr. (WISI) company was founded in 1926 and is one of the world's pioneers in broadband reception and distribution technology. Today, WISI's field of business is the development, production and distribution of products and solutions in the following areas: automotive antenna and cabling, components for broadband networks, fiber optics for broadband, digital signal reception, processing and modulation for TV and radio, in-house multimedia. WISI currently employs around 550 people at two production sites in Germany and Asia. WISI has subsidiaries in France, Austria, Switzerland, Sweden, Bulgaria, Spain and China. In addition the company co-operates with more than 100 partners in all important international markets. Additional information can be found at www.wisi.de/en/wisi-group/





A photo accompanying this release is available at: http://www.globenewswire.com/newsroom/prs/?pkgid=34777

CONTACT: Jeff Campbell, Tel. +1-604-998-1351 jeff.campbell@incanetworks.com

Source:Inca Networks Inc