UTStarcom Wins IPTV Broadcasting Control Platform Contract in Hainan
BEIJING, May 10 , 2012 /PRNewswire-Asia-FirstCall/ -- UTStarcom Holdings Corp. ("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, announced today that it has been awarded a contract from Hainan Network Television ("HNWTV") to build an integrated IPTV broadcasting control platform. Hainan is the second among 42 recently designated trial markets to award an IPTV solutions contract to UTStarcom. The new broadcasting control platform will support the content management and distribution needs of IPTV, Internet TV and mobile TV.
"This new platform will cover all of Hainan province and provide approximately 100,000 household subscribers with digital, high-definition, and bi-directional IPTV. It will also enable HNWTV to centrally manage their television content distribution, storage, advertising posting, and subscriber data information," said UTStarcom President and CEO Mr. Jack Lu. "We are excited to have won our second contract in this current phase of China's network convergence plan, as we continue to expand our market share and look to a smooth and accelerated development of the interactive media industry in the second half of 2012."
Since 2010, UTStarcom has won and built nine additional IPTV broadcast control platforms across China, specifically in Beijing, Hubei, Hunan, Shandong, Shenzhen, Sichuan, Tianjin, Zhejiang, and Chongqing.
The Company delivers packaged solutions that include software and infrastructure development, content delivery network (CDN) support, and IPTV, Internet TV and mobile TV integration 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.
The Company was founded in 1991, listed on the NASDAQ in 2000. In 2011 with a new management team, the Company revamped growth strategy that focuses on providing media operation support services through its Video Service Cloud (VSC) platform. UTStarcom 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.