Business Services Industry

OpenTV Exceeds 25 Million Set-Top Box Deployments Worldwide; Sixth Consecutive Quarterly Report in Excess of Two Million Deployments

Business Wire, May 21, 2002

Business Editors

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 21, 2002

OpenTV (Nasdaq:OPTV) (Euronext Amsterdam:OPTV), the world's leading interactive television company, today announced it has added more than 2 million set-top boxes (STBs) to the company's industry-leading middleware deployment base, bringing the cumulative total to more than 25 million as of March 31, 2002.

Deployments include set-top box shipments and flash downloads reported to OpenTV since the company's prior STB deployment report on February 13, 2002.

"We are very pleased with the continued growth of OpenTV's middleware deployments," said James Ackerman, chief executive officer of OpenTV. "By having built the largest interactive television customer base in the world, we believe OpenTV is in a unique position to create new and recurring revenue streams through our interactive content, applications, technologies, and services."

The more than 25 million cumulative STBs deployed as of March 31, 2002, is a near 60 percent increase from the 16 million OpenTV-enabled STBs deployed as of March 31, 2001. Major network operator contributors included EchoStar in the United States, BSkyB in the United Kingdom, Bell ExpressVu in Canada, and DIRECTV Latin America.

About OpenTV

The world's leading interactive television company, OpenTV powers more than 25 million set-top boxes worldwide. The company provides a comprehensive suite of iTV solutions, including operating middleware, web browser software, content applications, content creation tools, professional support services, and strategic consulting. OpenTV is headquartered in Mountain View, California, with regional offices throughout the United States, Europe and Asia/Pacific. For more information please visit www.opentv.com.

This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those contemplated herein, including statements regarding the opportunity for OpenTV to develop new and recurring revenue streams through its interactive content, applications, technologies and services. Actual results can differ materially. Risks and uncertainties that could cause actual results to differ from such forward-looking statements, or to which OpenTV's business is otherwise subject, include, but are not limited to, whether current demand for interactive television will continue, the rate at which the interactive television market will expand or contract, whether global economic conditions will affect the business and operational decisions of OpenTV's customers, suppliers and other business partners in a manner adverse to OpenTV, the timely identification and development of new products, applications and services, customer acceptance of those products, applications and services and the pricing thereof, the impact of competitive products, applications and services and the pricing of those products, applications and services, the level of content and applications deployed by OpenTV's network operator customers and other factors that could affect the growth of OpenTV's recurring revenues, the impact of technological constraints and changes in technology, and other risk factors detailed in the documents filed from time to time by OpenTV Corp. with the Securities and Exchange Commission, including those risk factors detailed in Item 3.D of OpenTV Corp.'s Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 18, 2001. OpenTV undertakes no obligation to update or revise any such forward-looking statements, whether as a result of new information, future events, or otherwise.

(c)2002 OpenTV, Inc. All rights reserved. OpenTV and the OpenTV logo are trademarks or registered trademarks of OpenTV, Inc. in the United States and other countries. Static2358, Static and PlayJam are trademarks of Static2358. All other trademarks are the property of their respective owners.

All OpenTV products and services may not be available in all geographic areas.

COPYRIGHT 2002 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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