Humax to showcase its 'UHD set-top box' in Europe

GYEONGGI, South Korea, Sept. 11, 2013 /PRNewswire/ -- Humax (115160.KQ) announced that it will participate in 'IBC 2013', Europe's largest professional broadcast show, which will be held in Amsterdam, from September 13^th to 17^th, to unveil its next-generation product lineup, including the UHD set-top box, Home Gateway Server (HGS), and Residential Gateway (RG).

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Humax will unveil its UHD set-top box to demonstrate the reception and playback of UHD broadcast signals via the world's largest private satellite operator, SES Astra satellite. The UHD broadcast signals use H.265 (HEVC) codec, which has 50% better compression efficiency than the existing technology, and offer resolution measuring 3,840 x 2,160 pixels, four times that of the existing Full HD.

The UHD broadcast has recently been thrust into the limelight, and major global commercial broadcasting companies are vying with each other in rolling it out commercially around 2015. SNE Research, a market research firm, forecasts UHD televisions will make up 12.5% of the entire television market by 2016.

Humax will demonstrate a newly upgraded home network, using Home Gateway Server, which enables users to receive, record, and transcode broadcasts; Residential Gateway, which supports wired/wireless Internet and VoIP; and Smart Box, which allows users to play streaming content.

Humax's newly launched home network service allows users to watch up to three different channels simultaneously via connected devices, such as a TV set, Smart Box, and tablet while at the same time recording up to four channels via all the devices on the network, and sharing content like videos, music, and images stored on the devices.

President Byun Dae-gyu said, "Recently we have witnessed new market-changing innovations like ever growing IP services, the convergence of broadcasting and communications, and UHD broadcast," adding "We're going to strengthen our position as a leading company in the set-top box market, as we have before with digitalization in the early 2000s and conversion to HD in the mid-to-late 2000s."

The International Broadcasting Convention (IBC) is Europe's largest professional broadcast show and is held every September in Amsterdam. This year, the show will be held for five days starting September 13^th, and is expected to attract more than 1,400 leading suppliers of state-of-the-art electronic media technology from 160 countries.

Press Contact: O.J. Kwon
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Investor Contact: Joanne Lee
+82 31 776 6067
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SOURCE Humax