And another....
Tuesday December 14, 6:27 am Eastern Time
Company Press Release
NDS and Liberate Enter Into a Development and Marketing Agreement for Interactive and Enhanced Digital TV Platforms
NDS & Liberate Co-operate To Provide Broadcasters And Their Viewers With The Next Generation Of Infrastructure And Applications For Interactive Digital Television
LOS ANGELES--(BUSINESS WIRE)--Dec. 14, 1999-- NDS (Nasdaq/Easdaq: NNDS), a leader in conditional access and interactive solutions for digital television, and Liberate Technologies (Nasdaq: LBRT - news), a leading software provider for delivering enhanced television content to set-tops and other information appliances, have agreed to develop and market solutions integrating the NDS conditional access systems with the Liberate digital television platform for interactive TV. NDS and Liberate aim to provide broadcasters, MSOs and their viewers with this leading technology for interactive television applications.
The two companies have already been working together to integrate NDS' Open VideoGuard(TM) conditional access software and POD technology with Liberate TV Navigator(TM) client software, Liberate Connect DTV Suite server software, and Liberate TV Info Server software.
NDS' Open VideoGuard(TM) conditional access enables a broadcaster or MSO to support a full range of interactivity and secure e-commerce. Conditional access also provides security and access management protecting valuable content, keeps network revenues flowing and ensures that viewers only watch or purchase what they pay for.
The integrated Liberate, NDS solution also offers the following benefits to networks and cable operators:
Enables broadcasters and MSOs to provide their viewers with the next generation of interactive television applications.
Simplifies TV-oriented application development by using a hardware platform-agnostic architecture.
Creates an open, standards-based, interoperable and future proof solution that provides broadcasters with solutions that best meet their needs.
-- Adaptable to different TV operator business models.
''Together NDS and Liberate are driving the demand for new services that will enrich TV viewers' experiences and provide broadcasters with new revenue streams,'' said Dr. Abe Peled, Chief Executive Officer of NDS. ''To meet current viewers' demand, gain additional viewership and increase revenue through digital television, broadcasters and cable operators need to identify their individual needs and then integrate and seamlessly deliver interactive services.''
''Liberate's partnership with NDS demonstrates our commitment to offering the most valuable and complete interactive TV solution available,'' said Mitchell Kertzman, president and CEO of Liberate Technologies. ''NDS' Open VideoGuard conditional access will be easily integrated into Liberate's flexible software platform offering our customers yet another feature from which to choose to bring additional value to their interactive TV service offerings.''
About Liberate Technologies
Liberate Technologies (Nasdaq: LBRT - news) is a leading provider of a complete software platform for delivering Internet-enhanced content and applications to information appliances, such as television set-top boxes and game consoles. Liberate's Internet-based client and server software allows network operators, such as telecommunications companies, cable and satellite television operators and Internet service providers to provide consumers access to network operator-branded applications and services. Headquartered in San Carlos, California, the company has sales offices in the U.S. and the U.K.
''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act 1995: Information in this release that involves Liberate Technologies' expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Liberate Technologies as of the date of the release, and we assume no obligation to update any such forward-looking statement. These statements are not guarantees of future performance, and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences or risks associated with our business are discussed in the Company's registration statement on Form S-1 declared effective by the Securities and Exchange Commission (''SEC'') on July 27, 1999, and in the other reports filed from time to time with the SEC.
About NDS
NDS (Nasdaq/Easdaq: NNDS) is a leading supplier of conditional access software systems and interactive applications to digital Pay-TV broadcasters and set-top box manufacturers, offering open and flexible software solutions for the secure delivery of entertainment and information to televisions and personal computers.
NDS is also a leading provider of broadcast control software that is essential for managing and operating a digital television broadcasting network. The company supplies leading technology, products and services to enable broadcasters and content providers to profit from digital television and associated interactive services. NDS also supplies software to secure and deliver Internet content via data broadcasting and simplify e-commerce transactions. The NDS range of systems and technology is complemented by a wide range of services, including consulting, systems design and integration, support and maintenance.
NDS customers include leading Pay-TV broadcasters worldwide. In the digital satellite television market, NDS customers include DIRECTV in the US; BSkyB in the UK; Galaxy, NetSat and Innova in Latin America; and DIRECTV Japan, STAR TV, Shinawatra, Telstra, and Sky New Zealand in the Asia-Pacific region. Over 14 million viewers of digital television are currently using elements of NDS supplied technology. NDS' customers provide services, using its conditional access systems and smart cards, to over 50% of the world's digital satellite subscriber base. In the emerging digital cable market, NDS customers include Cablevision in the US, NTC in China and Madritel in Spain.
NDS, headquartered in the UK with offices worldwide, employs over 900 people and continues to make a major commitment to R&D, with over 300 employees dedicated to pioneering development work at research centers in Israel and the UK. NDS is on the World-Wide-Web at nds.com. NDS' largest shareholder is News Corporation (NYSE: NWS - news), a global media and entertainment company.
The statements contained in this release which are not historical facts may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to the plans, projections or future performance of NDS, which involve certain risks and uncertainties, including risk of market acceptance, the effect of economic conditions, possible regulatory changes, technological developments, the impact of competitive pricing and the ability of NDS and its commercial partners to develop systems and solutions which meet the needs of the broadcasting industry in a timely and cost-efficient manner, as well as certain other risks and uncertainties which are detailed in NDS' filings with the SEC.
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Contact:
TSI Communications
Chani Garb, 212/320-2360
cgarb@tsicomm.com
or
NDS Ltd.
Margot Field, 011.44.181.476.8158
mfield@ndsuk.com
or
Brodeur for Liberate
Rebecca Smith, 617/587-2060
rsmith@brodeur.com
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