All Stories
Follow
Subscribe to Highlight Communications AG

Highlight Communications AG

ots Ad hoc-Service: Highlight Communications <DE0009203059> Highlight Communications acquires 20 % of VIDAIR Pfäffikon

Pfäffikon / Schweiz (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
Highlight Communications is extending activities in its
"New-Business" segment initially presented November 1999 at the
financial analyst conference. With the acquisition of 20% shares of
VIDAIR AG with headquarter in Moenchengladbach, Germany Highlight
Communications has established a sound basis for technological
synergies. The participation and the strategic cooperation with
VIDAIR AG will have the same significance for Highlight
Communications as the acquisition of the Team Holding AG in 1999.
VIDAIR AG, founded in 1997, is a high-tech enterprise with
innovative worldwide patented applications in business segments such
as aerospace, defense, security, automotive and communications.
VIDAIR supervisory board members include Karl J. Dersch (Consultant
to DaimlerChrysler Board), as well as the former German federal
transportation minister Matthias Wissmann. The international sales
network embraces subsidiaries in the US, Canada, France, and
Singapore. The VIDAIR camera systems are of significance in aviation
safety relevant air- craft applications for surveillance of onboard
incidents. This is particularly important in view of current
international debates surrounding new legal regulations to improve
flight safety. VIDAIR is currently developing an Image Recorder
System that will in the future support a real-time air-to-ground
satellite-transmission. The growth potential for VIDAIR camera
systems is also significant in the tele-medical segment. The
potential for cost savings via remote picture transmission of
patients' condition are quite considerable. Highlight Communications
"New Business" segment focuses on the fields of live digital
transmission, WEB-TV, and multimedia-applications using Highlight
Intertechnology proprietary developed compression procedures. With
this new strategic participation VIDAIR can use Highlights
compression technology to develop new video data compression products
for the aerospace and automotive business segments. In parallel
Highlight will, as the new cooperations system partner, complement
activities in the infotainment sector of VIDAIR's aerospace segment.
On the basis of novel patented communication and safety solutions
meeting stringent aerospace requirements VIDAIR is striving
market-leadership in the field. The strategic partnership with
Highlight Communications offers an excellent chance supplementing
product activities in business segment aerospace of VIDAIR. Moreover,
the cooperation is an important impulse for the impending IPO plans
of VIDAIR. More details regarding the strategic participation and
cooperation will be announced during today's annual press conference
in Frankfurt.
End
Internet: http://recherche.newsaktuell.de

Original content of: Highlight Communications AG, transmitted by news aktuell

More stories: Highlight Communications AG
More stories: Highlight Communications AG