News

Optibase Announces Sale of Non Linear Editing Product Line to Boris FX (9/11/2005)

Optibase, Ltd. (NASDAQ:OBAS) a leading provider of advanced digital video solutions announced that it has entered a definitive agreement with Boris FX, a leading developer of integrated effects technology for video and film production, for the sale of non linear editing product line, including all service, warranty and maintenance obligations. Under the terms of the agreement Optibase and Boris FX will share revenues derived from any future sales of these products and services of up to $2 million (2,000,000) and Optibase will supply Boris FX with manufacturing services for the Media 100 HD boards.

Uzi Breier, CEO of Optibase said, "It gives me pleasure to announce the cooperation with Boris FX. Boris has a track record of success in the non linear editing market and it is our belief that it will serve our customers in this segment well. "Furthermore," he added, "this agreement will allow us to focus on the IPTV market that we believe poses to Optibase a greater opportunity to grow our business."

www.optibase.com

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