Eagle Broadband, Inc. (AMEX: EAG), a leading national provider of broadband, Internet protocol (IP) and communications technology and services, today announced that it has signed a contract with a leading hospitality solutions provider under which a series of purchase orders are scheduled to be placed for its MediaPro IP3000HD, the newest offering in Eagle Broadband�s line of IPTV set-top boxes. Provided this customer purchases all of the units listed in the forecast schedule included with the contract, these orders will result in $6.4 million in revenue over a thirteen-month period. This same customer purchased 500 IP3000HD units earlier this year. The MediaPro IP3000HD is a high-definition set-top box with a compact footprint and quiet, fan-less design that delivers exceptional streaming video quality for both NTSC and PAL broadcast standards. It uses an advanced system-on-chip architecture including an integrated graphics accelerator and dedicated multimedia engines executing in parallel to deliver the highest performance 2D, 3D graphics and video capabilities with motion compensation for video playback. Capable of supporting a variety of leading middleware and video-on-demand systems, the MediaPro IP3000HD platform delivers the advanced content system security and digital rights management (DRM) needed by a wide variety of industries and markets. While the MediaPro IP3000HD supports both high definition MPEG-4 AVC (H.264) and MPEG-2 video standards, a similar lower cost model is also available today in a standard-definition-only format as the MediaPro IP3000SD. �We shipped 500 units to this customer in February and we anticipate deliveries of larger volumes going forward. We are delighted with the close and continuing relationship we have established with this new set-top box customer, as they are a leader in bringing video innovations to the hospitality industry,� said David Micek, president and CEO of Eagle Broadband. "We are also pleased to see such strong market acceptance for our IP3000HD, which we developed to meet the needs and growing demand from hospitality operators for a quality IPTV set-top box with specific features at a very cost-effective price point.� About Eagle Broadband, Inc. For additional information regarding Eagle Broadband or MediaPro IP set-top visit www.eaglebroadband.com. Eagle Broadband is a technology company that develops and delivers products and services in three core business segments: -- IPTV: Eagle Broadband's IPTVComplete(TM) provides direct access to more than 250 channels of high-demand programming from popular entertainment providers, often using Eagle's high-definition, set-top boxes. -- SatMAX(TM): Eagle Broadband's SatMAX(TM) provides indoor/outdoor communications utilizing the global Iridium-based (www.iridium.com) satellite communications system. It offers both fixed and mobile solutions, including the emergency first responder SatMAX(TM) Alpha "SatMAX in a suitcase" technology -- Managed Services: Eagle Broadband's Managed Services division is a full-service integrator offering a complete range of network technology support services designed to meet the needs of small- and medium-sized business customers, including VoIP and Wi-Fi implementations. EAGG Forward-looking statements in this release regarding Eagle Broadband, Inc., are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
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