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Technology Stocks : Terayon - S CDMA player (TERN) -- Ignore unavailable to you. Want to Upgrade?

To: Hassell Anderson who wrote (341)	3/3/2000 8:40:00 AM
From: Manx	Respond to of 1658

Friday March 3, 7:44 am Eastern Time Company Press Release Next Level and Terayon Partner to Provide End-to-End Digital Video Systems for DSL ROHNERT PARK, Calif.--(BUSINESS WIRE)-- March 3, 2000 - Next Level Communications, Inc. (NASDAQ:NXTV - news) announced today that they are partnering with Terayon (NASDAQ:TERN - news) to develop an end-to-end digital video delivery system that enables telephone companies to offer video services over DSL (Digital Subscriber Line) more affordably than traditional methods. To accomplish this, Terayon's CherryPicker(tm) digital video management system will be combined with Next Level's advanced interactive DSL broadband system. This integrated system will eliminate the costly digital-to-analog conversions and provide seamless MPEG-2 digital feeds from the video head-end to the consumer's TV. With its unique statistical re-multiplexing technology, the CherryPicker digital video management system gives network operators unprecedented flexibility in managing their digital video content. For instance, operators can ``cherry pick' to create custom channel line-ups using content from a variety of sources - such as satellite broadcast and local services - to better serve their subscribers. In addition to its programming customization capabilities, CherryPicker can also be used to manage Video-on-Demand (VOD) services and to insert local advertisements into digital channels. ``The combination of our CherryPicker with Next Level's interactive DSL broadband system will provide telco operators with greater bandwidth and increased efficiency over traditional DSL video delivery systems,' said Stephen King, general manager of Terayon's digital video systems product line. ``CherryPicker's unique capabilities for managing digital video have already been embraced by cable television operators, and together with Next Level, we will now enable telco operators to cost-effectively deliver video services over DSL to their customers.' Next Level's interactive DSL broadband system allows integrated voice, data and video services to be distributed over standard telephone wires to Next Level's N3 Residential Gateways located within the home. The N3 Residential Gateway is a single set-top box that provides the connection to multiple appliances in the home, including telephones, PCs and TVs. Offering the most complete set of services from a single platform, the Residential Gateway allows multiple TV's to independently tune to hundreds of digital video channels, provides a separate high-speed DSL port for Internet connection and displays telephony features such as caller ID and message waiting. US WEST and Bell Canada are currently deploying the same system in the Phoenix, Arizona and Toronto, Canada areas. ``Our ability to provide low-cost interoperable video solutions to our customers is enhanced with the use of Terayon's CherryPicker product.' said Bill Weeks, chief strategic officer of Next Level. ``The low video channel cost and robust functionality of this technology in conjunction with our field-proven DSL broadband system will allow us to enter new markets more quickly and serve our existing customers more efficiently. This partnership is part of an overall program that Next Level is undertaking to bring cost-effective video services to network providers.' About Next Level: Next Level is a technology leader in ATM/IP Optical Transport, Networking and Interactive DSL Broadband Systems for the delivery of voice, data and video services for communications companies. nlc.com. About Terayon: Terayon Communications 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, and is traded on the Nasdaq under the symbol TERN. Terayon can be found on the web at http://www. Terayon.com. This release contains ``forward-looking' statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are generally preceded by words including, without limitation, ``will,' ``plans,' ``expects,' ``believes,' ``anticipates' or ``intends.' Investors are cautioned that all forward-looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from current expectations. Factors that realistically could cause results to differ materially from those projected in the forward-looking statements are set forth in ``Risk Factors' in our Registration Statement on Form S-1 (registration no. 333-85999). Trademarks Next Level Communications, the NLC logo, NLevel3, NLevel3 - The Unified Access Platform, BDT, USAM, BNU, N3 Residential Gateway and ETHERset are trademarks or registered trademarks of Next Level Communications in the United States and other countries. Contact: NLC Editorial Contacts: Terayon's Editorial Contacts: Julie Carlson John Giddings Director, Marketing Comms PR Manager Next Level Communications Terayon Communication Systems Tel (707)584-6565 Tel (408)486-5223 email: jcarlson@nlc.com email: jgiddings@terayon.com or Matthew Benson or Kimberly Polan Sard Verbinnen & Co. Tel (212) 687-8080 email: mbenson@sardverb.com