TMMI Announces Status of Projects and Company Updates
SURFSIDE BEACH, SC, March 03, 2022 (GLOBE NEWSWIRE) — TMM, Inc. (OTC PNK: TMMI) is a high-quality video technology company specializing in digital video compression, video scaling and management high quality images. Founded in 1990, the company pioneered fractal video. TMMI develops technologies for business-to-business digital video solutions and global consumer electronics.
Potential technology joint venture:
In mid-2021, the company raised $1,375,000 using a debt-to-equity conversion instrument through private placement. The purpose of this fundraising effort was to support a joint technology project with an online processing company. As 2021 drew to a close, confidential negotiations regarding the terms and conditions of the joint venture have stalled and are currently on hold. Due to this delay, some Private Placement investors requested and received a return on their investment. Certain other investors in the Private Placement continued their investment.
Code Baby co-development project:
The Code Baby co-development project is linked to the joint technology project, and the results will be integrated into this project. Since negotiations for the joint technology venture project are currently stalled, the Code Baby co-development project has been put on hold until the joint technology project progresses.
Additionally, the company is also pursuing and exploring other opportunities to integrate its technology and partner with other online application developers.
TMMI TECHNOLOGY TMMI TRUDEF Video Player is compatible with the Universal Windows Platform (UWP) with a custom internal video pipeline designed to improve visual quality HEVC and other next-generation video CODECs for high resolution on large screens. A patented TRUSCALE™ hardware-accelerated upconverter is also available in TMMI’s high-quality home entertainment product in the Windows 10-64 small form factor TMMI Mini PC™ and TMMI Mini PC X™ computers. TMMI’s legacy technology: the TRUDEF™ fractal video codec and its high-efficiency TRUDEF™ player developed for cinema-quality 4K and 8K playback directly from physical media. Patent-pending TMMI Suite: TRUPIX™, TRUSCALE™ and TRUZOOM™ – a patent-pending, hardware-accelerated, real-time suite of video upscaling solutions for the high-resolution market.
Total Multimedia or TMM, Inc. (“TMMI” or the “Company”) (OTC PNK: TMMI). Website: http://www.tmmi.us. Phone: 800-806-2148
Safe Harbor Statement: The information provided herein may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements include statements about our plans , strategies, business prospects and the current and future development of our technologies. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the impact of competing products, the ability to meet customer demand, the ability to manage growth, acquisitions and development of technology, equipment or human resources, the effect of economic conditions and the ability to attract and retain qualified personnel. Neither management nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements. All forward-looking statements contained in this press release are made as of the date hereof, based on information available to us as of the date hereof, and subsequent facts or circumstances may contradict, obviate, undermine or otherwise not support or support these statements.
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