Beamr Imaging Ltd. (NASDAQ: BMR) announced today that it has teamed up with Wochit as a design partner for its upcoming SaaS offering.
This partnership comes after a successful test of Beamr's video optimization technology on Wochit’s recently launched AI-based video creation tool (wochit.ai). With this partnership, Wochit will benefit from the storage and delivery savings provided by Beamr's video optimization platform, enabling more efficient and cost-effective video creation for its clients. The integration of Beamr's technology into Wochit's platform will also provide users with faster end to end video delivery, enabling them to create high-quality videos more quickly and easily.
"We are excited to partner with Beamr to bring the benefits of their video optimization technology to our various video-creation solutions," said Dror Ginzberg, Co-Founder and CEO of Wochit. "The results of our initial test-run significantly contributed to us being able to offer our prompt-to-video creator directly-to-consumers and for free. I believe this collaboration will further continue to prove successful as we integrate Beamr’s technology into additional products, enabling us to offer our clients even more value by helping them create high-quality videos more efficiently than ever before."
Beamr boasts a status as the world leader in content adaptive video solutions. “Backed by 53 granted patents, and winner of the 2021 Technology and Engineering Emmy® award and the 2021 Seagate Lyve Innovator of the Year award,” according to this morning’s news release,
“Beamr's perceptual optimization technology enables up to a 50% reduction in bitrate with guaranteed quality.”
BMR shares docked 24.5 cents, or 12.5%, to $1.71.
