TERN--Terayon's Broadband Systems Selected by Korea's Largest Cable Television Operator
BUSINESS WIRE - March 30, 2000 03:20
SEOUL, Korea, Mar 30, 2000 (BUSINESS WIRE) --
Cable and Multimedia Communication Selects Terayon's Broadband Data System for Major Seoul Deployment
Terayon Communication Systems, Inc. (Nasdaq:TERN) a leader in broadband networking, today announced that its broadband cable data systems have been chosen by Cable and Multimedia Communication Limited (C&M), Korea's largest cable television operator, for deployment in Seoul.
C&M, the cable TV and high-speed ISP subsidiary of the Korean corporation Chosun International, launched their cable TV service in 1996 and as the company grew, it recognized the potential for converged broadband services. Its challenge was to leverage its investment to guarantee the highest quality and widest range of broadband services for its customers.
"Our cable subscriber base has expanded rapidly and consumers are now much more demanding," said Eun Ki Cho, managing director at Cable and Multimedia Communications. "As a result, we have chosen Terayon -- a partner with robust broadband systems that meet our high demands for flexibility, reliability and quality. We are confident that Terayon will provide us with the innovative and proven cable data system that we demand."
"It is an honor to have a partner in Korea such as C&M, an organization with the vision to launch highly successful broadband services in this challenging market," said Zaki Rakib, CEO of Terayon. "We are pleased with the momentum of our system rollouts in Asia, as Terayon participates in the launch of broadband services in Korea, China, Hong Kong and Japan."
C&M's broadband network already passes 2 million homes. The company is now planning wide-scale deployment of Terayon's broadband data systems and is targeting to launch up to 100,000 cable modems and associated headends by the end of 2000.
C&M has expanded aggressively since its formation to become the largest multiple system cable operator in Korea, operating 10 cable systems in Seoul alone. C&M's current subscriber base exceeds 560,000 and the company delivers the highest per capita consumption of cable services in Korea.
In addition to Korea, Terayon's cable modem systems have also been widely deployed elsewhere in Asia, including Hong Kong, China and Japan. In Japan, Terayon's customers include Jupiter Communications, the nation's largest cable operator. Hong Kong's leading broadband service provider, i-CABLE, is also deploying Terayon. In China, Shenzhen CATV, the largest cable operator in Shenzhen, announced earlier this week that it has just selected Terayon's cable modem system in order to offer its subscribers high-speed Internet access.
Terayon's cable modem system is an end-to-end system that provides high speed, two-way communication over cable television networks. Composed of a cable modem for consumers' residences and equipment for a cable network's main office, the system is based on the company's S-CDMA (Synchronous Code Division Multiple Access) technology. S-CDMA is a spread spectrum technology that enables reliable two-way communication across a broad range of cable network architectures and conditions. Terayon offers a line of data access products that address all of the major worldwide standards.
Terayon Communication Systems provides innovative broadband networking solutions for advanced broadband voice, data and video services. The company's cable data access systems, digital video systems and broadband telephony systems are deployed by leading cable operators worldwide. The company's xDSL access systems deliver innovative telephony and data solutions for the growing SOHO business market. Terayon, based in Santa Clara, California, USA, has sales and support offices worldwide. Terayon can be found on the web at www.terayon.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Except for the historical information contained herein, this news release contains forward-looking statements, estimates, and assumptions by the Company and other parties that involve risks and uncertainties, including the Company's ability to successfully integrate any acquired companies, the Company's ability to gain new business and offer new products, the expansion of operations by the Company's customers and the deployment of the Company's products in specific markets, as well as the other risks detailed from time to time in the Company's filings with the SEC.
Note: Terayon, the Terayon logo, TeraPro, TeraLink, and TeraComm are registered trademarks of Terayon Communication Systems, Inc. TeraView and CherryPicker are trademarks of Terayon Communication Systems, Inc. All other trademarks are property of their respective owners. |
