Scientific-Atlanta Expands Advanced Digital Video Compression Technology Portfolio With Acquisition
February 13 2006 - 10:29AM
PR Newswire (US)
- Purchase of UB Video Inc. enables Scientific-Atlanta to provide
service providers with a world-class solution for today's complex
networks ATLANTA, Feb. 13 /PRNewswire-FirstCall/ --
Scientific-Atlanta announced today that it has acquired UB Video
Inc., a leading provider of advanced compression technologies for
digital video encoding, decoding, transrating and other solutions.
Terms of the agreement were not disclosed. The deal unites two
companies that have collaborated to produce one of the most
advanced digital video solutions available worldwide. The
introduction of advanced digital video encoding has the potential
to revolutionize the video industry. With up to 50 percent bit rate
savings compared to MPEG-2, advanced digital video compression
technologies are a compelling choice for service providers looking
to roll out advanced interactive and high-definition television
(HDTV) programming and reduce the cost of delivering standard-
definition programming. "This acquisition cements the two-year,
synergistic relationship Scientific-Atlanta has enjoyed with UB
Video and presents the industry with a powerful, proven, advanced
digital video compression solution that offers flexibility for
future network growth," said Dean Rockwell, vice president and
general manager, Digital Media Networks, Scientific-Atlanta, Inc.
"This combination will provide significant benefits to our
customers worldwide as they roll out new and advanced standard- and
high-definition programming services to satisfy consumer demand."
"Broadcasters and service providers alike are looking for ways to
deliver high-performance, high-quality video, and the market for
this need is expanding at an accelerated pace," said Dr. Faouzi
Kossentini, founder of UB Video. "The combination of UB Video's
cutting-edge software and Scientific- Atlanta's proven leadership
in video delivery is a win-win technology combination, which will
give service providers a world-class solution for today's complex
networks." Additionally, the purchase of UB Video expands
Scientific-Atlanta's patented intellectual property portfolio.
About Scientific-Atlanta Scientific-Atlanta, Inc. (NYSE:SFA)
(http://www.scientificatlanta.com/) is a leading supplier of
digital content distribution systems, transmission networks for
broadband access to the home, digital interactive set-tops and
subscriber systems designed for video, high-speed Internet and
voice over IP (VoIP) networks, and worldwide customer service and
support. On November 18, 2005, Scientific-Atlanta entered into an
agreement to be acquired by Cisco Systems. Scientific-Atlanta and
Cisco previously announced that the waiting period for U.S.
antitrust review under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976 was terminated on December 30, 2005. On February 2,
2006, Scientific-Atlanta, Inc. announced that its shareholders
approved the company's acquisition by Cisco Systems, Inc. at a
special meeting. The transaction remains subject to regulatory
approval by competition authorities in various jurisdictions
outside the United States. The companies continue to expect to
consummate the acquisition in the first quarter of calendar year
2006. "Forward-looking statements," as defined in the Private
Securities Litigation Reform Act of 1995, may be included in this
news release. A variety of factors could cause Scientific-Atlanta's
actual results to differ from the anticipated results expressed in
such forward-looking statements. Investors are referred to
Scientific-Atlanta's Cautionary Statements (Exhibit 99.1 to the
Company's most recent Form 10-Q), which statements are incorporated
into this news release by reference. First Call Analyst: FCMN
Contact: DATASOURCE: Scientific-Atlanta, Inc. CONTACT: Sara
Stutzenstein, +1-770-236-2181, or fax, +1-770-236-3088, or , or
Peggy Ballard, +1-770-236-7871, or fax, +1-770-236-3088, or , both
of Scientific-Atlanta Web site: http://www.scientificatlanta.com/
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