UTStarcom Wins Contracts from Sichuan Province for the PTN Commercial Deployment in China's Next Generation Broadcasting (NGB) Network
Dec. 23, 2010 (PR Newswire) --
BEIJING, Dec. 23, 2010 /PRNewswire-Asia-FirstCall/ -- UTStarcom, Inc. ("UTStarcom" or "the Company") (Nasdaq: UTSI) a global leader in IP-based, entd-to-end networking solutions and international service and support in China today announced that it has won the bids to provide the equipment and platform for the regional Packet Transport Network (PTN) for the Radio & TV Network Centers in Guangan City and Shehong County inside Sichuan Province.
After deployment of the UTStarcom solution, both Radio & TV Network Centers will be able to provide Video-on-demand (VOD) and data broadcasting services and other value added services within its cable TV network.
"We are encouraged by winning the two contracts in Sichuan, which is recognition by broadcasters of the advanced feature of our NetRing product solution, and the quality of our services," said Jack Lu, Chief Executive Officer of UTStarcom. "We expect to see continued success with our PTN products, as more and more broadcasting operators realize the value of investment in the NGB network to improve their infrastructure."
The establishment of a regional network is an important element to completing the NGB Network. UTStarcom's NetRing PTN solution enables a regional network which can bear multi-play-broadcasting and large-scale multimedia data operation. The solution can also support the high-bandwidth utilization of the NGB network and is easy to manage and maintain.
About UTStarcom, Inc.
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. 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 Sichuan Province's intent to deploy UTStarcom products; UTStarcom's product's capabilities; and the product's ability to help customers achieve their business objectives. 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 ability of the Company to successfully transition to a new management team and headquarters location, execute on its business plan and manage regulatory matters as well as risk factors identified in its latest Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. The Company is in a period of significant transition and in the conduct of its business is exposed to additional risks as a result. 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.