ECU 3.85% 25.0¢ eastern corporation limited

- Highlights of Media Release by JabCast Inc

  1. 352 Posts.
    Highlights of Media Release by JabCast Inc

    Announced by:EASTERN CORPORATION LIMITED (ECU)
    Announced on: 13/05/2002 10:15:18
    827 words
    Status: Not market sensitive (N)
    Industry Sub Group: Gold Explorer (12)



    --------------------------------------------------------------------------------

    EASTERN CORPORATION LIMITED 2002-05-13 ASX-SIGNAL-G

    HOMEX - Brisbane

    +++++++++++++++++++++++++
    The Directors of Eastern Corporation Limited (Eastern) are pleased to
    announce the receipt of a second press release issued by JabCast Inc.
    announcing that Streampath Wireless Inc and JabCast have entered into
    an agreement to combine JabCast's Secure RealTime Communications
    (SRC) system with Streampath's instant messenger product.

    Through strategic relationships with Nokia, SonyEricsson and
    Cellmania, Streampath is world leader in J2ME (Java-enabled)
    messaging.

    Now Streampath and JabCast have linked forces to offer Secure
    RealTime Communication to more than 50 million Java-enabled mobile
    telephones. According to a study by ARC Group, the number of J2ME
    compatible hand-helds is estimated to be 421 million in 2003,
    increasing to 1 billion in 2006.

    JabCast SRC is a product developed by JabCast Inc, a USA based
    company 51 % owned by Online Media Group Pty Ltd (OMG). Eastern
    presently holds a 30% interest in OMG and thereby an indirect
    interest in JabCast Inc. As previously announced (18 February 2002)
    Eastern plans to increase its holding in OMG up to 50% in recognition
    of the recent positive developments by OMG and JabCast. A Notice of
    Meeting seeking shareholder approval is to be issued shortly.

    "For the first time, JabCast and Streampath give security to tens of
    millions of people who send personal messages every day through their
    mobile phones," says JabCast CEO, Mr Craig Woolven.

    Mr Andy Bernal, President and CEO of Streampath: "We see huge
    benefits to both companies by jointly exploiting our technologies to
    the Java enabled market. Firstly, through the licensing of the
    world's first secure mobile client to device manufacturers and
    wireless network operators. Secondly, through the sale of JabCast SRC
    servers to network operators. And thirdly, and increase in sales to
    businesses wishing to securely mobile their workforce.

    "Through our partnership with JabCast, Streampath's mobile Instant
    Messaging solutions are greatly enhanced by allowing Streampath to
    provide end-to-end, carrier-grade secure mobile communications to its
    customers. This combination creates a unique and powerful tool to
    wireless-enable the workforce through IM. We are very excited about
    the possibilities."

    A full copy of the JabCast press release is attached.


    Garry Clark
    MANAGING DIRECTOR



    JABCAST PRESS RELEASE:

    SECURE MOBILE MESSAGING
    Australia's JabCast and Streampath join forces.

    Two world-leader companies have joined forces to deliver a unique
    high-value product for the exploding wireless telephone messenger
    market.

    Streampath Wireless Inc and JabCast Inc have united to combine
    JabCast's Secure RealTime Communication (SRC) system with
    Streampath's instant messenger product.

    Through strategic relationships with Nokia, SonyEricsson and
    Cellmania, Streampath is world leader in J2ME (Java-enabled)
    messaging.

    JabCast is the world leader in Secure Realtime Communication.
    JabCast's SRC server range operates on Windows, Linux, Unix and
    Compaq's 0penVMS, which make up 90 per cent of the world market.

    Now Streampath and JabCast have linked forces to offer Secure
    RealTime Communication to more than 50-million Java-enabled mobile
    telephones.

    JabCast is controlled by Australia's Online Media Group, based in
    Sydney.

    "For the first time, JabCast and Streampath give security to the tens
    of millions of people who send personal messages every day through
    their mobiles phones," says JabCast CEO, Mr Craig Woolven.

    "And this is the breakthrough needed to make mobile-phone messaging a
    business, industry and governmental tool.

    "Even better, JabCast's XML architecture means mobile users can
    communicate across proprietary systems.

    "In the past, mobile service providers have been reluctant to adopt
    non-proprietary encryption standards. But with JabCast SRC, mobile
    operators can install their own proprietary encryption algorithm in a
    matter of hours, ensuring security and customer ownership.

    "Streampath is recognised as the world leader in mobile messaging
    clients for the rapidly-expanding Java-enabled mobile phone market.
    JabCast is delighted to have joined forces with Streampath."

    Nokia, Motorola, Siemens, Samsung, LG Electronics, Panasonic,
    Fujitsu, NEC, Sony, Mitsubishi Electric, Sharp, Psion, RIM, and
    Inventec are already shipping, or have plans to ship devices
    integrated with Java technologies.

    Cingular Interactive, Far EasTone, J-Phone, KDDI, Omnitel, One2One,
    SmarTone, Sprint PCS, Telefonica and Vodafone, all have plans to
    deploy or trial Java technology-based services and devices.

    According to a study by ARC Group, the number of J2ME compatible
    hand-helds is estimated to be 421 millions in 2003 increasing to 1
    billion in 2006.

    Mr Andy Bernal, President and CEO of Streampath: "We see huge
    benefits to both companies by jointly exploiting our technologies to
    the Java enabled market. Firstly, through the licensing of the
    world's first secure mobile client to device manufacturers and
    wireless network operators. Secondly, through the sale of JabCast SRC
    servers to network operators. And thirdly, an increase in sales to
    businesses wishing to securely mobile their workforce.

    "Through our partnership with JabCast, Streampath's mobile Instant
    Messaging solutions are greatly enhanced by allowing Streampath to
    provide end-to-end, carrier-grade secure mobile communications to its
    customers.

    "This combination creates a unique and powerful tool to
    wireless-enable the workforce through IM. We are very excited about
    the possibilities."


    For more information:

    Craig Woolven, CEO JabCast Inc: [email protected]
    Darren McVean, Business Development Manager: [email protected]
    Telephone: 61 2 9290 1889

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.