Rosh Ha'ayin, Israel - January 22, 2001- Partner Communications Company Ltd. (NASDAQ: PTNR), announced an agreement between Partner Future Communications Ltd. (PFC) and Enbaya Inc. for cooperation in the development of an end-to-end 3D content delivery service.
The agreement is part of a $5 million first round of financing recently completed by Enbaya which includes investments from AMPAL and Poalim Capital Markets Technologies, DS Polaris, Golden Gate and other private investors.
Enbaya operates in the field of Rich-Media Content Delivery, bringing interactive, rich-media solutions to the Internet and to the cellular world, based on transfer of 3D graphics and animation. The company's products are built around a core technology for progressive compression and streaming. The company's technology is instrumental in breaking speed and integration barriers that have been traditionally associated with delivering rich-media and 3D graphics over the Internet. The system can be easily adapted to a range of available bandwidths.
Amikam Cohen, CEO of Partner Communications commented: "This agreement adds another company to our growing portfolio of partners. In the third generation world, the 3D applications field is an exciting and fast growing area, and we will assure that our subscribers will always benefit from cutting edge technology."
Amnon Harari, CEO of PFC, said: "The agreement is yet another milestone in PFC's positioning as a leading incubator, offering promising start-up companies the benefits of Partner's marketing and engineering know-how, and leveraging Partner's position as a leader in the data, information and value added services, for the introduction of applications which can be implemented both in Israel and beyond."
Commenting on the recent round of financing Co-founder and CEO Offir Remez said, "Enbaya plans to use the invested capital for reinforcing its business presence in the US through its office in the San Francisco area, and completing the adaptation of the technology to wireless devices with the aid of Partner Communications."
Partner Communications Company Ltd. is the only Global System for Mobile Communications, or GSM, mobile telephone network operator in Israel. The Company commenced full commercial operations in January 1999 under the international Orange Brand name and, through its network, provides quality of service and a range of features to over 834,000 subscribers in Israel.
Partner provides its subscribers with international roaming services. It has 196 operators in 78 countries. The Company's shares are quoted on NASDAQ under the symbol PTNR and on the London Stock Exchange under the symbol PCCD. (For further information :www.investors.partner.co.il).
Partner Future Communication 2000 Ltd. (PFC) is a fully owned subsidiary of Partner Communications Company Ltd. PFC's goal is to identify new opportunities for cooperation and investment in Israeli start-up companies which have the potential to develop leading cellular technologies, infrastructure, applications and services for the global GSM market.
Enbaya Inc. Operates in the field of Content Delivery Networks, bringing interactive, high-quality rich-media solutions to the Internet, based on 3D graphics. The company's products are built around a core technology for progressive compression and streaming, and a unique "one-link service" business model. Founded in the end of 1999, Enbaya employs about 30 people in the R&D subsidiary in Israel with headquarters in the USA.
Contacts:
Partner Communications Company Ltd.
Dr. Dan Eldar
VP Carrier, Investor and International Relations
Tel: +972-3-9054151
Fax: +972-3-9054161
E-mail: dan.eldar@orange.co.il
Enbaya Inc.
Sharon Hess
Tel: +972-54-848828
E-mail: sharon@enbaya.com
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