Business Services Industry

UTStarcom Selects Sigma Designs' Media Processor Technology for mVision End-to-End TVoIP Solution; Sigma's Media Processors Continue to Proliferate the IP Market in China

Business Wire, May 23, 2005

MILPITAS, Calif. -- Sigma Designs (Nasdaq:SIGM), a leader in digital media processing for consumer appliances, today announced that UTStarcom, Inc. (Nasdaq:UTSI), a global leader in IP-based, end-to-end networking solutions and services, has selected Sigma Designs' media processors to power its comprehensive mVision Television-over-IP (TVoIP) solution that is scheduled to be deployed by China Telecom Corporation (CTC) and China Netcom Corporation (CNC).

"We chose Sigma Designs to complement our mVision solution, given Sigma's well-known expertise in the IPTV industry and proven solutions for the digital media world," said Bill Huang, chief technology officer at UTStarcom.

"We believe that UTStarcom is a clear powerhouse in the IP-based solutions arena," said Ken Lowe, vice president of strategic marketing, Sigma Designs. "The market for IP-based video solutions has long been a key focal area for Sigma and this demonstrable announcement offers further validation of Sigma's continued success."

About mVision(TM)

With mVision, UTStarcom is offering an end-to-end solution by which telecommunications operators and broadband service providers may deliver broadcast quality TV and on-demand entertainment service programming over IP networks. mVision is designed to provide scalability, reliability, and bandwidth efficiency for carriers to offer new services over existing network infrastructures. These services include broadcast TV, network PVR (n-PVR), Video on Demand (VoD), and Near Video on Demand (NVoD). mVision is further designed to enable local exchange carriers and service providers to deliver traditional television programming along with advanced content over their existing broadband infrastructure, potentially resulting in new revenues, new services and improved customer satisfaction and retention. For more information on UTStarcom's mVision solution, please visit: http://www.utstar.com/Solutions/Broadband/IPTV_mVision/.> Safe Harbor Statement

This press release may contain forward-looking statements, including statements about the projected timing and extent of customer shipments as well as the expected use of Sigma's MPEG decoder products. Actual results could vary from those projected in the forward-looking statements as a result of various factors, including worldwide economic conditions, changes in the customer's ability or desire to complete the rollout, consumer reaction to the new products and services being offered, the ability of Sigma to deliver sufficient quantity and quality of MPEG decoder chips, prices for the Sigma chips, alternative offerings by competitors, and the ability of the parties to work together successfully to achieve the rollout.

As they relate to UTStarcom, the foregoing statements regarding, without limitation, the anticipated deployment of mVision by CTC and CNC, the ability of telecommunications operators and broadband service providers to deliver broadcast quality TV and on-demand entertainment service programming over IP networks, the scalability, reliability and bandwidth efficiency of mVision, the ability of local exchange carriers and service providers to deliver traditional television programming along with advanced content over existing broadband infrastructure using mVision and any resulting new revenues, new services and improved customer satisfaction and retention, are forward-looking in nature and are subject to risks and uncertainties that may cause actual results to differ materially. These factors include rapidly changing technology, the changing nature of the telecommunications and television markets in general and the TVoIP market in particular, the possibility of slower than expected growth in the relevant markets, evolving product and application standards, changes or delays in product introductions and deployments, the termination or material amendment of significant contracts, partnerships or alliances, including those with Sigma, and other uncertainties, such as changes in government regulation and licensing requirements in relevant markets. UTStarcom also refers readers to the risk factors identified in its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the Securities and Exchange Commission.

About UTStarcom, Inc.

UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its broadband, wireless, and handset solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks. Founded in 1991 and headquartered in Alameda, California, the company has research and design operations in the United States, China, Korea and India. UTStarcom is a FORTUNE 1000 company.

For more information about UTStarcom, visit the company's Web site at www.utstar.com.

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale