Tickers: XTSX:ES
Tags: Gaming, Technology
Vancouver, BC / TheNewswire / November 7, 2017 -- Eight Solutions Inc. (TSXV:ES) ("Eight Solutions" or the "Company") today announced that Gener8 Media Services Montreal Ltd ("Gener8") and Prime Focus World ("Prime Focus"), the world's largest integrated media services company, have selected Cumul8: Jetstream for their high speed file transfer needs because of the solution's speed, reliability, and security.
Prime Focus provides creative services for 3D stereo conversion, animation, and visual effects to the media and entertainment industry. With tight production deadlines and studios on three continents, moving large volumes of data quickly is a necessity for Prime Focus. Jetstream enables Prime Focus to connect all their facilities and avoid delays in transferring large data sets across the globe.
According to Rohan Desai, Global Head at Prime Focus World subsidiary Gener8, "Having used other file transfer solutions in the past, we were really pleased with how quick and easy the transition was to Jetstream, from the initial install to our first data transfer. The software is so well designed, not only visually, but also functionally, that our team found it extremely user friendly to make the change. In addition, by leveraging its built-in APIs, Jetstream has been integrated into our asset management system, allowing us to increase efficiency and reduce errors through the automation of our deliveries and transfers. We trust Jetstream to cost-effectively move our data very quickly while keeping it secure."
Using 100% of its allocated bandwidth, Jetstream's optimized protocol accelerates large data transfers over high latency and unreliable connections. Security controls include unique user-level authentication and transfer-level encryption while extensive APIs allow Jetstream to seamlessly integrate into Prime Focus' existing workflows.
"Prime Focus has been a valued customer and partner on the 3D software side of our business for some time," says Eight Solutions CEO Rory Armes. "We know they have different options for file transfer solutions and we are excited to have them migrate to Jetstream, further extending our relationship with them. In return, Eight Solutions will continue to deliver a best-in-class solution with regards to data volume, usability, security, support, and more."
In other business, Eight Solutions has issued 562,500 common shares at a price of $0.08 per share for gross proceeds of $45,000 in connection with a private placement announced on February 21, 2017.
About Prime Focus
Prime Focus delivers end-to-end creative services (VFX, stereo conversion, animation), technology products and services (Media ERP Suite and Cloud-enabled media services), production services (equipment rental) and post-production services (Digital Intermediate, digital lab, picture post) to Film Studios and the Advertising and Broadcast industries. For more information, visit www.primefocusworld.com.
About Eight Solutions
Eight Solutions brings together highly visual and user-centric technology solutions designed and developed by a team of entertainment and gaming industry veterans with a combined 60+ years of experience working on some of the world's most successful films and video games. The Eight Solutions product portfolio includes Cumul8, an Industrial Internet of Things (IoT) self-serve data analytics and visualization platform; Jetstream, a high speed file transfer application; and Reelhouse, a powerful streaming video-on-demand solution allowing filmmakers to distribute their content directly to users. For more information, visit www.eightsolutions.com.
On Behalf of the Board of Directors
(signed) "Rory Armes"
Rory Armes
Chief Executive Officer, President and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. In particular, forward-looking statements in this press release include, but are not limited to, statements respecting the use of proceeds and the terms and closing of the transaction. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable; there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to: closing the definitive agreements respecting the transaction, obtaining all regulatory and third party consents, obtaining the requisite shareholder approvals for the transaction, our ability to hire and retain qualified employees and key management personnel; possibility that government policies or laws may change; amount and timing of operating costs and capital expenditures; the success of certain business combinations engaged in by the Company or by its competitors; possible disruptive effects of organizational or personnel changes; technological change, new products and standards; risks related to acquisitions and international expansion; reliance on large customers; reliance on a limited number of suppliers; risks related to the Company's competition; the Company's failure to adequately protect its intellectual property; interruption or failure of information technology systems; the risk that the transaction may not be completed as planned, or at all; and business, legal and/or regulatory risks relating to the Company's business, financings and strategic acquisitions. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For more Information, please contact:
Investor Relations
investor.relations@eightsolutions.com
Suite 100, 138 East 7th Avenue
Vancouver, British Columbia, V5T 1M6
Phone: (604) 669-8885
Fax: (604) 669-8855
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