Montreal, Quebec, October 10, 2006 – Nstein Technologies Inc. “Nstein” (TSX-V: EIN), a leader in text analytics and multilingual information access solutions, today announced the signing of a contract with Corbis, a global image licensing company headquartered in Seattle, Washington. Nstein will automate caption indexing of images as they are added to Corbis collections as well as the company’s archives. Corbis will leverage Nstein’s advanced text analytics to improve search and retrieval processes for its cataloguers and customers as well as to enhance the monetization of its digital assets.
“Throughout our evaluation, Nstein has proven to have the most comprehensive and robust solution on the market. Their technology will help us optimize our operational processes and generate added value to our content. We look forward to working with their team,” stated Stephen Gillett, Chief Technology Officer at Corbis. With 20 offices throughout North America, Europe and Asia, Corbis offers the richest array of digital image licensing, rights services, artist representation and media management. The organization’s vast digital asset collections encompass photography, motion, art and illustration masterpieces.
“We are excited to assist Corbis in their mission to offer rich and compelling content,” declared Mario Girard, Chairman and Chief Executive Officer of Nstein. The digital landscape is being reshaped by the convergence of technology and media. Nstein is uniquely positioned to help organizations such as Corbis leverage this opportunity and carry out faster time-to-market content strategies.”
As part of the solution deployed at Corbis within its digital asset management (DAM) processes, Nstein will be implementing its advanced entity and concept extraction applications, as well as its automated categorization module.
About Corbis
Corbis (http://www.corbis.com/) digital imagery and related creative resources help advertising, corporate marketing and publishing clients tell their stories with impact that goes beyond words. The company’s image licensing, artist representation, rights and digital asset management services, enable clients around the world to differentiate brands, sell products and services, support news stories and entertain audiences. Corbis was founded in 1989 by Bill Gates with the vision of making the world’s greatest images accessible online. Today, the company maintains 80+ million images and licenses thousands each day.
About Nstein Technologies
Nstein Technologies (TSX-V:EIN) develops and markets leading-edge software solutions for analyzing vast amounts of unstructured data in virtually all languages. Nstein’s text mining and information access solutions transform reactive decision-making into a high-impact proactive and even predictive process. The Company is headquartered in Montreal, Canada, with offices in the United States and Europe. More information is available at www.nstein.com.
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For more information:
Nstein Technologies Inc.:
Investor Relations
Robert Barakett
Executive Vice-President and Chief Financial Officer
Nstein Technologies Inc.
Tel: 514 908-5406
robert.barakett@nstein.com