BEIJING, Oct. 3, 2011 /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, today announced the commercial launch of its Internet TV platform in North America through its majority-owned subsidiary, iTV Media Inc., formerly known as Stage Smart Limited. The platform provides Chinese language content targeting the Chinese-speaking population located in North America.
"Our Internet TV platform will serve a growing demand for Chinese language television content from the overseas Chinese-speaking population," said UTStarcom CEO Jack Lu. "Our platform utilizes Internet-related broadcasting technology to stream high-quality content to homes in North America. Subscribers will not only be able to enjoy rich Chinese language content, but also various value-added interactive services like distance-learning, gaming and e-commerce. Moreover, the launch of the Internet TV platform in North America will open up additional revenue opportunities for our operational support service business, which will be able to generate revenue by providing support services to subscribers of the Internet TV platform."
UTStarcom's Internet TV platform combines a variety of key technological features such as streaming media, video codec, database management, transmission, encryption, and server functionality. All TV programs are capable of being broadcasted via a computer, laptop, iPad and various other devices.
The Internet TV platform is accessible through the website www.iTV.cn and will provide a high-quality user experience including:
Integrated multi-screen viewing from a single platform
- Time and location shifting
- Reliable HD streaming
- Multi-language programming
- Value-added interactive services
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, 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, how these products can serve its customers and the anticipated results of its new support service business. 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 failure to deploy the products in the anticipated timeframe; risks associated with delays in product development or customer acceptance; anticipated revenues derived from the operational support services business; 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.