SAN JOSE, Calif. -- Sept. 20, 2017 -- Quantum Corp. (NYSE: QTM) today announced that aiWARE(TM) for Xcellis(R), an on-premise and cloud version of the artificial intelligence (AI) platform from Veritone (NASDAQ: VERI), has earned a NewBay Best of Show Award at IBC2017. Award criteria included innovation, feature set, ease of use, versatility and value/ROI.
By integrating Veritone's multiengine AI capabilities into a Quantum StorNext(R)-managed environment, aiWARE for Xcellis brings the power of cloud analytics to on-premise data. Users can now leverage leading-edge cognitive services and applications to extract new value from their video and audio content, including massive stores of archived content that cannot easily be moved to the cloud. Situating powerful AI processing behind corporate firewalls, the Quantum-Veritone solution is ideal for companies with significant investments in on-premise storage and/or specific latency, cost or security requirements for cloud storage.
With aiWARE for Xcellis, media companies can maximize the value of their content to drive greater business success -- for example:
* creating more customized video-on-demand offerings through robust metadata tagging of existing content.
* providing better ROI data to sponsors by identifying where and how often logos, as well as spoken and text brand integrations, appear in broadcast media and redistributed clips.
* accelerating postproduction work through enhanced context-based search and discovery.
The Best of Show Awards at IBC2017 were supported by six NewBay brands: TV Tech Global; its sister publication, TVBEurope; PSNEurope; Audio Media International; Radio World; and Installation. All entries were independently judged prior to the show, and those entries deemed worthy were placed on the Best of Show shortlist. Shortlisted entries were visited by judges at the show and assessed live before winners were determined.
Keith Lissak, Senior Director, Media and Entertainment Solutions Marketing, Quantum
"Metadata tagging has traditionally been a manual, time-consuming process, making it cost-prohibitive to capture anything more than basic information for large-scale stored content. By enabling fast, automated tagging and cognitive analysis, aiWARE for Xcellis overcomes this challenge and allows users to extract dramatically more value from their digital assets. The NewBay Best of Show Award speaks to the power of this Quantum-Veritone integrated solution, and we look forward to extending its benefits across the media industry."
Link to Word Doc:www.wallstcom.com/Quantum/170920Quantum.docx
Photo Caption: aiWARE for Xcellis: AI Analytics for Media Content
* Learn more about aiWARE for Xcellis: www.quantum.com/solutions/aiware-for-xcellis/index.aspx
* Read about Xcellis workflow storage: www.quantum.com/products/scale-out-storage/stornext-primary-storage/index.aspx
* For details on StorNext 6: www.quantum.com/products/scale-out-storage/stornext-6/index.aspx
Quantum is a leading expert in scale-out tiered storage, archive and data protection. The company's StorNext platform powers modern high-performance workflows, enabling seamless, real-time collaboration and keeping content readily accessible for future use and re-monetization. More than 100,000 customers have trusted Quantum to address their most demanding content workflow needs, including top studios, major broadcasters and cutting-edge content creators. With Quantum, customers have the end-to-end storage platform they need to manage assets from ingest through finishing and into delivery and long-term preservation. See how at www.quantum.com/customerstories-mediaent.
Quantum, the Quantum logo, StorNext and Xcellis are registered trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.
"Safe Harbor" Statement: This press release contains "forward-looking" statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Quantum advises caution in reliance on forward-looking statements. Forward-looking statements include, without limitation, 1) benefits and value to customers from aiWARE for Xcellis solutions and 2) customer demand for and Quantum's future revenue from such solutions. All forward-looking statements are based on information available to Quantum on the date hereof. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statement, including unexpected changes in the Company's business. More detailed information about these risk factors, and additional risk factors, are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2017. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
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