UTStarcom to Build Integrated IPTV Broadcasting Control Platform in Zhejiang
BEIJING, Nov. 23, 2011 /PRNewswire-Asia-FirstCall/ -- UTStarcom, Inc. ("UTStarcom" or the "Company") (Nasdaq: UTSI) a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators today announced that it was awarded a provincial level contract from Zhejiang Radio, Film, and TV Bureau to build the largest integrated IPTV broadcasting control platform in China. The platform has the capacity to serve approximately two million households across Zhejiang province.
Project to be China's Largest Integrated IPTV Broadcasting Control Platform
UTStarcom President and CEO Mr. Jack Lu said, "We are excited to have won this contract after a rigorous and highly contested bidding process. Zhejiang province has been at the forefront of China's progression towards three network convergence and our digital, high-definition broadcasting control platform will further strengthen their leading position in IPTV service. Our solution will provide bi-directional service and enable the customer to efficiently manage, store and search user data and media content all at a lower cost. This contract win expands our market-leading position in the PITV broadcasting control platform market in China. We will continue to pursue future opportunities related to China's triple play network convergence, especially as a second round of trial cities are to be announced in the near future."
Since 2010, UTStarcom has built seven IPTV broadcast control platforms across China, specifically in Beijing, Hubei, Hunan, Shandong, Shenzhen, Sichuan, and Tianjin.
UTStarcom will deliver a packaged solution that includes software and infrastructure development, as well as content delivery network (CDN) support.
About UTStarcom Holdings Corp.
UTStarcom is a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators. The Company sells its solutions to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.
Founded in 1991 and listed on the NASDAQ in 2000, the Company has its operational headquarters in Beijing, China and research and development operations in China and India. For more information about UTStarcom, visit the Company's Web site at http://www.utstar.com.
This release includes forward-looking statements, including statements regarding the future market and application of the Company's IPTV products, and how these products can serve its customers in the future. These statements are forward-looking in nature and subject to risks and uncertainties that may cause actual results to differ materially. These risks include the anticipated growth in demand of IPTV, failure to deploy the products in the anticipated timeframe; risks associated with delays in product development or customer acceptance; economic issues in the identified geographic markets, and changes in government regulation and licensing requirements, as well as risk factors identified in its latest Annual Report on Form 10-K, 10-K/A, Quarterly Reports on Form 10-Q, 6-K and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon information available to the Company as of the date of this release, which may change, and we assume no obligation to update any such forward-looking statement.
SOURCE UTStarcom, Inc.