Corel Extends Long-Standing License
Agreement with Bitstream
Leading developer of design and office productivity
software continues its use of Bitstream font technology
CAMBRIDGE, MA — April 21, 2003 —Bitstream
Inc. (NASDAQ:BITS ) announced today it has renewed its licensing agreement
for TrueDoc® with long-standing client Corel Corporation. Corel
has included Bitstream TrueDoc in CorelDRAW® GRAPHICS SUITE 11,
Corel® DESIGNER® 10 and WordPerfect® Office, enabling
customers to embed fonts in their native documents.
"Our customers require speed, efficiency and reliability from our
products," said Graham Brown, Vice-President of Software Development
at Corel. "Bitstream continues to deliver robust technology that
provides our customers with valuable time savings."
"CorelDRAW GRAPHICS SUITE, Corel DESIGNER,
and WordPerfect Office 11 offer a powerful and versatile suite of
graphics applications and office productivity software. We are pleased
to extend our successful partnership with Corel," said Anna Chagnon,
President of Bitstream. "Users today need a wide variety of fonts,
and Bitstream's TrueDoc font technology fulfills this critical need.
Bitstream and Corel are once again working together to bring a high-quality
font solution to Corel's extensive customer base."
WordPerfect Office 11 is a comprehensive office productivity suite
known for its value, ease-of-use and flexible licensing options.
WordPerfect Office 11 enhances the way users create, exchange and
interact with content, providing intelligent methods of collaborating
with clients and colleagues.
Corel DESIGNER 10 is a powerful, comprehensive
set of tools designed to streamline the production of technical
graphics. Emphasizing precision, efficiency and compatibility, it
delivers functionality specific to technical representation and
ensures seamless file sharing within the technical drawing workflow.
About
TrueDoc
Bitstream TrueDoc technology solves font
fidelity problems for many digital communications markets, delivering
a quick and compact font solution while maintaining the highest
standards in typographic quality. TrueDoc is completely independent
of platform, operating system, application, resolution, and device.
The Bitstream portable font resource (PFR)
was the product of TrueDoc development. Many independent international
organizations have adopted the PFR font format as their font standard,
including the following:
- ATSC (Advanced Television Systems Committee),
which approved the DTV Application Software Environment (DASE)
standard. The DASE standard calls out the ISO standard for fonts,
which is the PFR
- DAVIC (Digital Audio Visual Council), which
set multimedia standards for international broadcasting
- DTG (Digital TV Group), which coordinates standards
for Digital TV broadcasting in the United Kingdom
- DVB (Digital Video Broadcasting), a Swiss-based
industry organization representing one standard for digital TV,
which has been adopted extensively in Europe
- MHP (Multimedia Home Platform), which many
European set-top box and digital TV manufacturers are using as
their standard development platform
- ISO/IEC 16500-6:1999 (International Organization
for Standardization / International Electrotechnical Commission),
which together form the specialized system for worldwide standardization
- OCAP (OpenCable Application Platform), which
supports the DVB-MHP standard, including support for PFRs
Bitstream Inc.
Bitstream Inc. (NASDAQ:
BITS) is the leading developer of font technology, digital fonts,
and custom font designs. Bitstream licenses its award-winning TrueDoc
and Font Fusion technologies to Web and application developers,
and to manufacturers of information appliances, wireless and handheld
devices, set-top boxes, embedded systems, and printers. Setting
the standard for excellence in font technology, Bitstream holds
numerous key patents that cover the creation of portable fonts for
the Internet. Building on this experience, Bitstream has released
ThunderHawk, a breakthrough technology for the wireless Web.
Founded in 1981, Bitstream is the first independent
digital font foundry. In 1999, Bitstream created MyFonts.com, Inc.
(http://www.myfonts.com), the Web site for finding, trying, and
buying fonts on line. Bitstream is headquartered in Cambridge, Massachusetts.
About Corel Corporation
Founded in 1985, Corel Corporation ( http://www.corel.com)
is a leading technology company specializing in content creation
tools, business process management, and XML-enabled enterprise solutions.
The company's goal is to give consumers and enterprise customers
the ability to create, exchange, and instantly interact with visual
content that is always relevant, accurate, and available. With its
headquarters in Ottawa, Canada, Corel's common stock trades on the
Nasdaq Stock Market under the symbol CORL and on the Toronto Stock
Exchange under the symbol COR.
© 2003 Corel Corporation. All rights
reserved. Corel and the Corel logo are trademarks or registered
trademarks of Corel Corporation and/or its subsidiaries. All other
product, font and company names and logos are trademarks or registered
trademarks of their respective companies.
Bitstream and TrueDoc are registered trademarks,
and the Bitstream logo, Font Fusion, MyFonts.com, and ThunderHawk
are trademarks, of Bitstream Inc. Other technologies and brand names
are trademarks or registered trademarks of their respective owners.
Contact
Anna Chagnon
President
Bitstream Inc.
617.520.8619
Meredith Dundas
Communications Manager
Corel Corporation
613.728.0826, ext. 1513
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