Eagle Broadband Signs Contract Valued at up to $6.4 Million for Deliveries of Its Advanced IP Video Set-Top Boxes
April 03 2007 - 7:30AM
Business Wire
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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