BEIJING, Sept. 23, 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 that it successfully completed construction on its previously announced end-to-end Internet TV platform. The platform will be deployed for the newly established Network Television Station, which launched on September 1, 2011.
UTStarcom employed its core RollingStream® technology system to develop a customized platform. The end-to-end Internet TV platform will give the new radio and television organization the ability to provide a full package of value-added services to its subscribers, including high-definition interactive digital TV, video-on-demand, online gaming, shopping, education and many other services under one subscription.
"We believe our end-to-end Internet platform can further increase the new TV station's revenue opportunities through an enhanced subscriber experience," said UTStarcom President and CEO Jack Lu. "This announcement reflects our ability to design customized solutions that meet the increasingly sophisticated demands of our customers. While the cable industry in China continues to develop with a clear trend towards network convergence, we are confident that our IP-based network solutions in iDTV, IPTV and Internet TV will allow us to capture significant business opportunities in the coming quarters."
About RollingStream® Technology System
UTStarcom's RollingStream® Technology System provides customers with market-leading interactive TV solutions. The system enables operators to provide iDTV, IPTV, Internet TV, mobile TV, video information and other industrial applications.
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 of our IPTV products, UTStarcom's ability to compete in this market and serve its customers in the future, and the anticipated launch of the new Internet TV solution. 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 number of subscribers and traffic; 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.