|Over a month ago|
RealNetworks says SAFR chosen for G2K Group's video analytics platform » 09:1611/1611/16/20
SAFR from RealNetworks…
SAFR from RealNetworks announced a global partnership with German tech company G2K Group GmbH to revolutionize real-time video analytics. SAFR features including face recognition, mask detection, person detection, and demographic analysis have been integrated into Parsifal - a robust AI platform providing actionable video analytics for verticals such as retail, transportation, smart cities, and sports and entertainment. SAFR's mask detection and Parsifal's contactless body temperature scan were key features that won G2K a contract from the Union of European Football Associations to provide entry screening for spectators attending the Super Cup Final 2020.
|Over a quarter ago|
CBX chooses SAFR to enhance terminal efficiency » 09:1110/1410/14/20
Otay-Tijuana Venture LLC,…
Otay-Tijuana Venture LLC, a US-Mexican group of companies operating Tijuana International Airport's Cross Border Xpress, has chosen SAFR from RealNetworks' video analytics technology to be used throughout the San Diego - Tijuana terminal in order to optimize operations and improve passenger flow.
RealNetworks announces support for acquisition of Rhapsody by MelodyVR Group » 05:3708/2508/25/20
RealNetworks said in a…
RealNetworks said in a release, "RealNetworks announced its support for the acquisition of Rhapsody International, which does business as Napster, by MelodyVR Group PLC. RealNetworks is the majority owner of Napster, with an approximate 84% stake. MelodyVR Group PLC intends to combine its MelodyVR subsidiary with Napster to create a new differentiated entity. The acquisition is expected to close in Q4. The Napster platform began 2020 with over 3 million users on four continents, delivering more than 90 million licensed tracks to consumers and the many B2B and Platform-as-a-Service partners. It served 10.8 billion streams in 2019 with revenues of $113 million. The price of the acquisition is approximately $70M, comprising $15M in cash, $11M in MelodyVR stock, and assumption by MelodyVR of approximately $44M in payment obligations, primarily to various music industry entities. Consideration payable to RealNetworks is subject to a $3M escrow and certain further indemnity claims, as well as contingent consideration obligations associated with its acquisition of Columbus Nova's 42% stake in Napster in January of 2019. Real intends to provide additional details regarding the expected economic benefits to Real of this transaction at its Q3 earnings call in early November, or sooner if the MelodyVR transaction closes before then."
SAFR from RealNetworks awarded $1.9M in SBIR contracts » 16:0408/0508/05/20
SAFR from RealNetworks…
SAFR from RealNetworks announced it has been awarded two Phase II Small Business Innovation Research contracts of approximately $950K each or $1.9M in total from AFWERX. These contracts provide funding to adapt the SAFR platform for use by the Air Force for perimeter security and secure access. Once developed for the USAF, the SBIR/STTR program allows for any other federal agency to award a sole-source contract for technology developed under the program.
RealNetworks appoints Mike Ensing as CEO » 17:0608/0408/04/20
RealNetworks announced the appointment of Mike Ensing to the position of President and CEO. Ensing previously served as interim CFO and as a strategic advisor to the Company from early January to early May of this year. He rejoins RealNetworks in the new role of President and Chief Operating Officer, assuming worldwide responsibility for the operations of Real's core businesses and helping to guide strategic decision-making. Mr. Ensing will report directly to CEO Rob Glaser. Mike succeeds Max Pellegrini, who will be leaving RealNetworks in September to return to Italy where he will be taking on a new executive opportunity. Mike starts at Real on August 17th and will fully complete the transition to President and COO by the time of Max's departure in early September. Ensing is a skilled business leader with over 25 years of experience in executive finance and operations at large-scale organizations. He was most recently CFO of Savers/Value Village from 2014 to 2019. Previously, he served in COO and CFO roles at Knowledge Universe, from 2012 to 2014, and in several financial leadership positions at Microsoft Corporation, from 2004 to 2012.
RealNetworks up 22% following Japanese post on 'corona countermeasures' » 11:3707/0707/07/20
Shares of RealNetworks…
Shares of RealNetworks are up 30c, or 22.4%, to $1.64 in morning trading. The early strength in the share may be attributable to a Japanese language post, dated July 7, regarding the use of the "world's highest level AI face recognition engine 'SAFR,' which will be provided by Komatsu Denki Sangyo Co. Ltd. on September 1." According to a translation of the post, Noriaki Takamura, Vice President, Asia Pacific Region, Real Networks, commented: "We are cooperating with AI Face Recognition 'SAFR' on NTT Docomo's DoCoMo Open Innovation Cloud. We are very pleased to have been adopted for the seat shutter 'happy gate gatekeeper face recognition entry management system'. We believe that face recognition will increase in demand as an effective technology for corona countermeasures in factories and medical settings, such as demanding touchless hygienic infrastructure in the market and encouraging people to wear masks. I am confident that will help solve market problems." Reference Link
Facial recognition companies learning to work around face masks, CNet says » 14:0505/1505/15/20
RNWK, AAPL, GOOG, GOOGL
Before the COVID-19…
Before the COVID-19 pandemic, facial recognition providers were expecting to install their technology in many different places, but now face masks threaten that kind of growth, though the industry is looking at the situation as more of a speed bump than a roadblock, CNet's Alfred Ng reports. Still, several facial recognition companies have said their technology can still be used to identify people even while wearing masks, as U.K.-based Facewatch has said it's releasing an algorithm that can handle detection and identification based only on a person's eye and eyebrow region, Ng says. Meanwhile, Realnetworks' (RWNK) SAFR, which promotes facial recognition tech for use in schools, also claims it has the tools to handle face masks, the author notes. "Our algorithms are now being trained with images of people wearing face masks," SAFR's Eric Hess said. To train its algorithm, SAFR is relying on a collection of pictures of people wearing face masks, the author says. Other companies in facial recognition technology include Apple (AAPL) and Google (GOOGL). Reference Link
RealNetworks reports COVID-19 impact mitigation measures » 16:1004/2904/29/20
RealNetworks announced steps to address the COVID-19 pandemic and its impact, especially Real's Computer Vision platform and business, known as SAFR. Real is pivoting SAFR to focus on the intersection of public health and public safety. The company expects to be rolling out new SAFR-based products beginning in mid-2020 that will address newly identified needs of the market for public safety. Real has frozen employee salaries and modified its 2020 executive bonus program, and CEO Rob Glaser declined to accept a 2019 bonus that would have been payable in 2020. Real has received $2.87M in funding pursuant to the Paycheck Protection Program. The $2.87M loan,eligible for forgiveness under the Program, has an interest rate of 1% per annum, a six-month deferment period, and matures on the two-year anniversary of disbursement. RealNetworks intends to use the proceeds from the PPP loan exclusively to cover payroll costs, as well as lease payments and utilities, in accordance with program guidelines. Real reaffirms that its Q1 financial results met or exceeded guidance.
RealNetworks appoints Judd Lee as CFO, Treasurer » 10:3703/2503/25/20
RealNetworks announced the hiring of Judd Lee as SVP. Lee starts at Real on March 26th and will become Real's new CFO and Treasurer early in the second quarter of 2020, succeeding Mike Ensing. In this role, Lee will oversee all financial operations at RealNetworks and report directly to the company's Chairman and CEO Rob Glaser. Lee served as CFO at desktop virtualization provider Parallels and network security company SignalSense. Lee succeeds Michael Ensing, who began serving as Interim CFO on February 14, 2020.
RealNetworks enters $10M private placement with CEO Rob Glaser » 09:0902/1002/10/20
RealNetworks announced that it has entered into a private placement agreement with Rob Glaser, the company's Founder, Chairman of the Board, CEO, and largest shareholder. Pursuant to the agreement, Glaser will acquire approximately 8M shares of RealNetworks Series B Preferred Stock, par value $0.001 per share, for aggregate gross proceeds to the company of approximately $10M. The price per share is the same price that the company's shares closed at on Friday, February 7th. RealNetworks expects to close the transaction before market close on February 10, and intends to use the net proceeds primarily for working capital and general corporate purposes.