Espial Signs Major Contract with Tier 1 North American Cable Operator
Espial RDK Set-top Box Solutions & Espial G4 User Experience to Power N-Next Generation of Set-top Boxes and wireless devices
OTTAWA, Oct. 16, 2013 /CNW/ - Espial, a leader in on-demand TV software and solutions, today announced that a major Tier 1 North American Cable operator has signed a multi-year, multi-million dollar contract with Espial to provide the service provider's next generation user experience and client solutions for set-top boxes, TVs, wireless and PC devices. Espial will integrate and deliver Espial's RDK set-top box client solution together with the Espial G4 User Experience, a complete out-of-the-box HTML5 user experience for TV, Tablets and Smartphones.
"Espial's product portfolio is focused on helping operators launch new, innovative services as they transition to IP-based networks" said Jaison Dolvane, CEO, Espial. "This contract represents a significant financial win for Espial and reinforces Espial's product leadership. Traditional telecom competition along with new Internet entrants like Netflix, Hulu and Amazon are challenging incumbent cable service providers. This is accelerating cable's transition to IP as a platform to allow them to effectively compete and rapidly innovate. Espial's strong product focus in this market, our work with Comcast as an RDK licensee and our continually increasing HTML5 leadership positions us very well to capitalize on this lucrative market opportunity."
More information about Espial products and solutions is available at www.espial.com.
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About Espial (www.espial.com)
Espial is a leading supplier of digital TV and IPTV software and solutions to cable MSOs and telecommunications operators as well as consumer electronics manufacturers. Espial's middleware, video-on-demand, and browser products power a diverse range of pay-TV and Internet TV business models. Over 35 million licenses of its patented software are in use across the world. Espial is headquartered in Ottawa, Canada and has offices in the United States, Europe, and Asia. Visit www.espial.com or contact via phone at +1 613 230 4770.
Forward Looking Statement
This press release contains information that is forward looking information with respect to Espial within the meaning of Section 138.4(9) of the Ontario Securities Act (forward looking statements) and other applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of these terms or other similar expressions concerning matters that are not historical facts. In particular, statements or assumptions about anticipated, economic conditions, benefits of new customer and partner relationships, future opportunities for the company and products and any other statements regarding Espial's objectives (and strategies to achieve such objectives), future expectations, beliefs, goals or prospects are or involve forward-looking information.
Forward-looking information is based on certain factors and assumptions. While the company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information, by its nature necessarily involves known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from those in the forward-looking statements or could cause our current objectives and strategies to change, changing conditions and other risks associated with the on-demand TV software industry and the market segments in which Espial operates, competition, Espial's ability to effectively develop its distribution channels and generate increased demand for its products, economic conditions, technological change, unanticipated changes in our costs, regulatory changes, litigation, the emergence of new opportunities, many of which are beyond our control and current expectation or knowledge.
Additional risks and uncertainties affecting Espial can be found in Management's Discussion and Analysis of Results of Operations and Financial Condition for the fiscal year ended December 31, 2012 filed on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein and our current objectives or strategies may change. Espial assumes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
SOURCE ESPIAL GROUP