Beamr Imaging Ltd (NASDAQ:BMR) shares are trading higher by 151% to $5.75 Thursday morning after NVIDIA Corporation (NASDAQ:NVDA) announced the release of NVENC Video Codec SDK 12.1 showcasing the integration with Beamr CABR.
The stock has also has a relatively low float of 6.617 million shares, and has already seen a marked 30 million shares exchanged hands as of 10:30am EDT.
What Else?
NVIDIA announced today the release of Video Codec SDK 12.1, including new APIs to support Beamr Imaging Ltd.’s Content Adaptive Bit Rate (CABR) library, as part of the new Nvidia Encoder (NVENC) features enabling enhanced video processing use-cases on Nvidia GPUs.
NVIDIA says this collaborative effort aims to deliver fully standard compliant bitstreams with the lowest possible bit rate for a given perceptual quality, setting new benchmark in quality driven encoding.
For the unitiated- Beamr Imaging is a video technology and image science software company. It is an innovator of video encoding, transcoding and optimization solutions that enable high quality, performance and bitrate efficiency for video and images.
The company is conducted through one operating segment, the optimization technology for video and photo compression.
According to data from Benzinga Pro, BMR has a 52-week high of $8.04 and a 52-week low of $1.36.
