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Bitstream Strengthens Global Presence with India Office
CAMBRIDGE, Mass. --(Business Wire)-- Bitstream Inc., (NASDAQ: BITS), a leading software development company with core competencies in browsing, font and publishing technologies, announced the recent addition of an office in Noida, India as a major step in its 2008 plans for globalization. The new location will be staffed by twenty employees who formerly served as consultants to the Company.
"On the heels of our record-level revenues and earnings for the 2007 fiscal year, combined with market demand, it is a logical next step for us to expand our presence in the rest of the world," said Anna Chagnon, President and Chief Executive Officer at Bitstream, Inc. "Our India team will help our development teams throughout North America, Europe and Asia leverage the development synergies between our business units, assist us in securing new opportunities and provide regional support to our existing global customer base. We are pleased to add these employees to our team and look forward to growing our work in the Indic market for all of our businesses."
Bitstream's product lines include:
Font Technology
Bitstream is a leading developer of font technology, digital fonts, and custom font designs. The company delivers complete text composition and font rendering solutions for consumer electronics devices, mobile phones, PDAs, printers, set-top boxes, interactive TV devices, graphics applications, and embedded systems. Bitstream products are small, fast, and portable. They include btX2, Bitstream Panorama, Font Fusion, TrueDoc, and TDIS (TrueDoc Imaging System).
Fonts
Bitstream delivers high-quality font solutions for developers, ad agencies, graphic designers, desktop publishers, corporations, small businesses, and home office users. Its world-renowned library includes over 1,000 high-quality fonts in OpenType, TrueType, and PostScript Type 1 formats for Windows, the Macintosh, Unix, and Linux.
ThunderHawk
ThunderHawk provides a superior desktop-like user experience by handling HTML Websites and real-world browsing activities with speed and ease. Built with Bitstream core mobile technology, ThunderHawk offers the superior ability to fit Website information on both high-end and mass-market handsets. The browser's client/server technology and highly scalable architecture allows mobile operators to offer a fully branded browsing solution to millions of users worldwide.
Pageflex
The Pageflex product line is the technology of choice for variable publishing. Pageflex offers unparalleled design capability with its patented flex technology. Variable pages can literally redesign themselves on the fly. For document customization over the Web, Pageflex is the clear leader with its online editing technology, the most interactive editing experience you can have with a Web browser.
About Bitstream
Bitstream Inc. (NASDAQ: BITS) is a software development company focused on bringing unique software products to a wide variety of markets. The Company's core software products include award-winning fonts and font rendering software, mobile browsing and messaging software and variable data publishing and Web-to-print software for personalized marketing. For more information about Bitstream please visit www.bitstream.com.
Bitstream, Pageflex, the Pageflex logo and MyFonts.com are registered trademarks or service marks, and the Bitstream logo and ThunderHawk are trademarks, of the Company. Other technologies and brand names are used for information only and remain trademarks or registered trademarks of their respective companies.
Forward-Looking Statements Disclosure
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties, including, without limitation, market acceptance of the Company's products, competition and the timely introduction of new products. Additional information concerning certain risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission, including Bitstream's Annual Report on Form 10-K for the year ended December 31, 2007.
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