Lucent Relationship:
Wednesday November 18, 6:15 am Eastern Time
Company Press Release
Lucent Digital Video Enters Into
Development Agreement With
Unique Broadband Systems for
New Digital Video Applications
MARKHAM, Ontario & MURRAY HILL, N.J.--(BUSINESS WIRE)--Nov. 18,
1998--Lucent Digital Video, a wholly-owned venture of Lucent Technologies, has
entered into a development agreement with Unique Broadband Systems, Inc. for new
digital video applications, including new products and end-to-end digital video
solutions. The two companies will work specifically on solutions for digital video in the
areas of terrestrial and satellite distribution.
Unique's Ontario facility will conduct much of the research and development on the joint
projects. Lucent Digital Video will fund Unique's engineering costs. In addition, Andreas
Papanicolaou, president of Lucent Digital Video, has agreed to join Unique's Board of
Directors.
Work has commenced on the initial project. Under terms of the agreement, Unique will
provide transmission equipment and digital video boards as well as systems
integration and custom system design to Lucent Digital Video. Lucent Digital Video will
be the supplier to the customer,
''Unique Broadband Systems offers us another competitive resource for product
development in new digital video areas,'' said Andreas Papanicolaou, president of
Lucent Digital Video. ''The global market for digital video is expanding rapidly, and this
requires faster product development in new applications. Together, with Unique, we will
deliver new customer solutions faster.''
Unique will bring its expertise in microwave frequency and digital video board design to
its development work with Lucent Digital Video.
''There are new challenges for digital video systems that require strong expertise in
both design and systems integration, and we look forward to delivering new
applications for this industry with Lucent, who will market our solutions on a global
basis,'' said Alex Dolgonos, CEO of Unique Broadband Systems. ''We believe that we
are well-matched companies for this endeavor.''
Unique Broadband Systems, Inc. is a recognized world leader in the design,
development and manufacture of broadband wireless and other wireless solutions that
serve the service provider, telecommunications and broadcast industries. With
headquarters in Markham, Ontario, Unique Broadband Systems markets its products
globally, providing 24X7 support. Unique Broadband Systems is a trademark of Unique
Broadband Systems, Inc. For additional information, visit the company's Web site at
www.uniquesys.com.
Lucent won a Primetime Engineering Emmy Award in 1997 for its pioneering work in
DTV as a member of the HDTV Grand Alliance. The company, which contributed to the
original MPEG-2 specification, also built the world's first MPEG-2 and digital HDTV
encoders.
Lucent Digital Video is one of several new entrepreneurial business ventures formed by
Lucent to help bring Bell Labs technologies to market. Leveraging decades of Bell
Labs research and development, the group was formed to manufacture and market
digital video products, including encoders.
Lucent Digital Video markets its product line for cable, wireless cable, fiber optic and
satellite back-hauling, DBS (Direct Broadcast Satellite) and other applications
worldwide. In January, 1998, Lucent Digital Video announced a strategic alliance with
Harris Corp. [NYSE:HRS - news] to market DTV equipment for the North American
broadcast market.
Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a
wide range of public and private networks, communications systems and software, data
networking systems, business telephone systems and microelectronic components.
Bell Labs is the research and development arm for the company. For more information
on Lucent Technologies, visit our web site at www.lucent.com.
|
