Virage plans to market and distribute BBN Audio Indexer. The BBN product will be integrated into Virage’s SmartEncode collection of products designed to provide comprehensive encoding and indexing capabilities. The BBN Audio Indexer is a speech recognition and language-processing product that transcribes and categorizes the content of video or audio broadcasts into computer text while the broadcast is being aired. This creates a high-level structured summarization of the spoken language that can be searched and browsed through many different features such as the names of people, places, organizations, and topics mentioned in the transcript as well as the identities and locations of the speakers in the recording. Users of the product will be able to monitor the
content of news broadcasts around the world.,