Boca Research's Design Chosen for Philips' Co-Branded AOL TV Set-Top Box; AOL and Philips select Boca Research's Reference Design
BOCI trading near 8
May 11, 1999 01:04 PM BOCA RATON, Fla.--(BUSINESS WIRE)--May 11, 1999--Boca Research, Inc.(R) BOCI and Philips Business Electronics B.V., a division of Royal Philips Electronics PHG , today announced that Boca Research has licensed its reference design for set-top boxes to be used as part of a Philips co-branded, single-purpose AOL TV(SM) AOL ).
Under the terms of the contract, Boca Research will license its reference design for set-top boxes to Philips, on a royalty basis. Philips will utilize the expertise of Boca Research and the BocaVision(TM) ST2001 set-top box reference design; engineers from both Philips and Boca Research are adapting the Boca Research reference design to AOL's specifications. The BocaVision ST2001 reference design features National Semiconductor(R)'s NSM high-speed MediaGX(TM) processor. In addition, software from Network Computer, Inc. (NCI(TM)) is embedded in the reference design, providing an easy-to-use browser for Internet users.
According to Internet Strategies Group, between 14 and 18 million people are expected to be using TV sets to reach the Internet by 2003. They cite the demand will be driven, in part, by the number of families without computers whose children browse the Internet at school.
"We're happy to work with Boca Research," said Anne Borsch, vice president, AOL Devices. "Their leading-edge development of Internet-connected devices and their key role in the design of the Philips first-generation set-top box are important elements of the AOL TV initiative."
Rob van Oostenbrugge, managing director of Philips Business Electronics stated, "Having a comprehensive line of Internet access devices is part of our strategy. Boca Research was known as a leading supplier of Internet/information appliance devices, having shipped devices since 1997. We selected Boca Research's reference design because of its state-of-the-art features, and the superb integration with the NCI software."
"The choice of Boca Research's reference design for the AOL TV set-top boxes validates our continued focus on the information appliance market," said Anthony Zalenski, president and chief executive officer for Boca Research. "We are pleased that Boca's technological leadership and continued investment in the set-top technology platform was recognized by major consumer companies such as Philips and AOL."
Portions of this news release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Specifically, the agreement referenced above is subject to certain conditions, and the projected consumer usage of set-top boxes is subject to market acceptance. Such risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements included in this release. investor.msn.com |