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Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 10.02-1.6%Nov 7 9:30 AM EST

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To: TraderMERL who wrote (3987)1/10/2001 9:02:35 PM
From: pass pass  Read Replies (2) of 4134
 
HLIT should spin off its Divicom. The merger is a mistake. Shouldn't Divicom get this contract instead of Tandberg?

TANDBERG Television selected to provide broadcast distribution systems for Chinese National TV Network

Beijing, People’s Republic of China, 8th January 2001

TANDBERG Television compression and telecom interface solutions to be used to deliver TV content and interactive services to 30 provinces and key cities across China

TANDBERG Television, a leading supplier of open solutions for digital broadcasting, today announced that together with its Chinese business partner NDT, it has secured a significant contract with China’s Information Network Centre (INC). INC will use TANDBERG Television’s evolution 5000 contribution and distribution solution, including encoders, multiplexers, decoders and telecoms interface in China’s first national digital TV network. The competitively fought contract, valued at £1.6 million, will see TANDBERG solutions deployed by June 2001 to carry TV content from CCTV and all provincial TV stations to Beijing and 30 provinces and cities.

“Our mission is to build a state-of-the-art digital broadcast network delivering TV content, broadband and interactive services across the whole of China. INC chose TANDBERG Television and NDT to provide the backbone infrastructure for their network because they have already seen how reliable and advanced the TANDBERG Television systems are and have formed a strong relationship with both companies over the past two years,” says Michael Pang, President & CEO of NDT.

INC, a state-owned organisation operating under the authority of the State Administration of Radio, Film and Television (SARFT), operates a fibre network linking 30 provinces and major cities across China and expects to continue to expand to full national coverage. The platform will contribute and distribute digital TV and will replace the existing analogue transmission link on a national scale. INC is the sole organisation given authority by the central government to unify technology used by TV systems and to facilitate delivery of programming between digital systems within the national network.

“The market for digital TV in China is one of the pearls of the Asian broadcast market and we are delighted that TANDBERG Television solutions have been chosen to build the distribution backbone for this important system,” says Joergen Bredesen, CEO of TANDBERG Television. “INC is leading the way by establishing a national digital broadcast network that it will continue to grow to meet market demands. We look forward to building on our relationship with INC and to enabling it to meet its goals today and in the future.”

About TANDBERG Television
TANDBERG Television (Oslo, Norway, Stock Exchange: TAT) is the market leader in the provision of open solutions for the digital broadcasting of audio, data and video across various networks including cable, satellite, terrestrial, IP and telecom. The company is an innovator in digital broadcasting and its broad offering includes professional receivers, MPEG encoders, modulators, multiplexers, a range of solutions for transport stream processing, easy to use control and monitoring solutions, as well as market leading digital Satellite News Gathering (SNG) and digital ENG.

TANDBERG Television has proven systems integration and global support capabilities. Committed to open systems, the company’s solutions are based on international standards and it plays a major part in developing standards such as MPEG-2, DVB, ATSC, SMPTE and DTTV. Headquartered in Norway, TANDBERG Television has sales and 24-hour support and monitoring operations in Asia, Australia, Europe and the US. TANDBERG Television’s customers include major broadcasters, network operators and convergence players around the world including Australian Broadcasting Corp. (ABC), BBC, BSKYB, FOX Television Stations, NTL, StarTV and Telenor. For more information visit: www.tandbergtv.com
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