Beamr provides Oracle Cloud Infrastructure customers with highly efficient, AI-ready video processing solutions.

BEAMER IMAGING LIMITED

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Beamer is powered by Oracle Cloud and is now available in the Oracle Cloud Marketplace.

Herzliya, Israel, June 11, 2024 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, and a member of the Oracle PartnerNetwork (OPN), today announced that its Beamr Cloud solution has acquired expertise and is now available in the Oracle Cloud Marketplace. Available. . Powered by NVIDIA accelerated computing, Beamr Cloud offers added value to Oracle Cloud Infrastructure (OCI) customers by providing efficient, AI-ready video processing.

Beamer Cloud gives users access to high-quality, fast, and scalable video optimization and conversion, thanks to Beamer's patented and award-winning Content-Adaptive-Bitrate solution (CABR), enabled by NVIDIA Accelerated Computing. Is. OCI delivers powerful AI compute with advanced graphics and media acceleration combined with NVIDIA L40S GPUs.

The L40S GPU includes third-generation NVIDIA RTX accelerated ray tracing technology with three encode and three decode engines. With the addition of AOMedia Video 1 (AV1) encoding, the L40S offers 30% more efficient video encoding (versus the same hardware and software encoding H.264 format) to improve throughput and total cost of ownership. .

Users will have the ability to convert videos to the emerging AV1 video format. While video usage is growing rapidly, most videos today are still based on a 20-year-old format (AVC/H.264). AV1's rapid and automated conversion is poised to modernize large-scale video libraries in markets such as AI, broadcasting, streaming, and user-generated content.

Oracle Cloud Marketplace is a one-stop shop for Oracle customers looking for trusted business applications and services that offer unique solutions, including those that extend Oracle Fusion Cloud Applications.

“In the AI ​​era, with video consumption rapidly increasing and the need to analyze video data for insight extraction, data labeling, or monetization, Beamr is a dual-performance solution with both high-quality and high-speed video compression and analysis. powered by Oracle Cloud and NVIDIA GPUs,” said Sharon Carmel, CEO, Beamer. “Beamr's participation in the Oracle PartnerNetwork and our achievement of Powered by Oracle Cloud Expertise furthers our commitment to the Oracle community, and enables customers to easily reap the benefits of Beamr Cloud. We look forward to meeting our business goals.” I look forward to leveraging the power of Oracle Cloud to help us.

“The cloud represents a tremendous opportunity for our partner community,” said David Hicks, group vice president, Worldwide ISV Cloud Business Development, Oracle. “Beamr's commitment to innovation and standards implementation with Oracle Cloud helps our mutual customers achieve cloud-enabled, automated, and scalable video processing solutions ready to meet critical business needs. “

“High-quality video optimization and coding requires high-speed computing to maintain user performance and productivity,” said Bob Peet, vice president of enterprise platforms, NVIDIA. “Using NVIDIA Accelerated Computing, Beamr enables users to process videos faster and meet the unprecedented video compression demands of AI companies.”

Powered by Oracle Cloud Expertise OPN identifies members with solutions that run on Oracle Cloud. For partners receiving Powered by Oracle Cloud Expertise, this achievement provides customers with confidence that the partner's application is supported by Oracle Cloud Infrastructure SLAs, along with full access and control over their cloud infrastructure services. Also enables continuous performance.

About Beemer

Beamr (Nasdaq: BMR) is a global leader in content-optimized video solutions. Backed by 53 granted patents, and winner of the 2021 Technology and Engineering Emmy® Award and the 2021 Seagate Lyve Innovator of the Year Award, Beamr's perceptual optimization technology enables up to 50% bitrate reduction with guaranteed quality. Is. www.beamr.com

About the Oracle Partner Network

Oracle PartnerNetwork (OPN) is Oracle's partner program designed to help partners accelerate their transition to the cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) of how they go to market: Cloud Build for partners who deliver products or services built on or integrated with the Oracle Cloud. do Cloud Sales for partners reselling Oracle Cloud technology; For cloud service partners who implement, deploy, and manage Oracle Cloud services. For Oracle Industry Healthcare Partners that provide commercially available products and/or services built with Oracle Cloud and Oracle Health technologies. and licenses and hardware for partners who manufacture, service or sell Oracle software licenses or hardware products. Customers can accelerate their business goals with OPN partners who specialize in a product family or cloud service. To learn more, visit: http://www.oracle.com/partnernetwork

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company to usher in the new era of cloud computing.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication include, among other things, Beamer's strategic and business plans, technology, relationships, goals and expectations for its business, the impact of trends on its business and interests, intellectual property or products and It may include statements about Future Results, Operations and Financial Performance and Condition. All statements other than statements of historical fact contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “consider,” “may,” “estimate,” “expect,” ” intend,” “seek,” “may,” “probably,” “plan,” “may,” “predict,” “project,” “target,” “goal,” “should,” “will.” “should,” or the negative of those words or other similar expressions, although not all forward-looking statements include those words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. In addition, certain forward-looking statements are based on assumptions about future events that may not prove to be correct. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, No. Risks are described in the Company's annual report filed with the US Securities and Exchange Commission (“SEC”) on March 4, 2024 and in subsequent filings with the SEC. The forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no obligation to update such information except as required by applicable law.

Investor Contact:

investorrelations@beamr.com

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