UTStarcom Partner aioTV Secures Second Critical US Patent
– aioTV's Second Patent Is for Delivery of Video Content from Multiple Platforms To Subscribers–
–Patent Adds Further Solid Momentum To aioTV's Growth Strategy–
HONG KONG, Oct. 29, 2014 (GLOBE NEWSWIRE) -- UTStarcom ("UTStarcom" or "the Company") (Nasdaq:UTSI), a global telecommunications infrastructure provider, today announced that its partner, aioTV, has received a second critical patent from the U.S. Patent and Trademark Office.
The patent covers, among other things, methods and systems for delivering video content from multiple platforms to subscribers.
This announcement comes just a few weeks after aioTV's first patent award for technology that enables unified service creation from multiple sources of live, on demand and/or freely available internet content. Taken together, the receipt of these patents allows aioTV to advance its core mission, which is to give consumers a greater range of options to combine multiple sources of live, on demand and freely available internet content into a single experience that consumers can use to access their video from one place.
"On the heels of receiving its first patent, we congratulate once again our partner, aioTV, on securing a second patent for technology that will further cement its competitive advantage in a quickly expanding marketplace," said Mr. William Wong, UTStarcom's Chief Executive Officer. "aioTV is now firmly on its way to becoming a market leader with the ability to create and deliver multi-sourced content in a single experience, changing the way we experience video content. As the single largest shareholder of the company, we continue to support the management of aioTV on this upward trajectory."
UTStarcom is the single largest shareholder of aioTV having originally invested in aioTV in 2012 as part of a strategy to expand into value-added media operational support services to sell to broadband infrastructure customers.
aioTV offers a commercial platform that leverages existing infrastructure, providing the tools and functionality to easily package and deliver OTT content and advanced IP services – including 4K unified with core multi-channel service in a single experience. aioTV has several global Tier 1 video service providers deploying this solution.
The patent is listed in the United States Patent and Trademark Office under the Patent 8,869,207 B1.
About UTStarcom Holdings Corp.
UTStarcom (Nasdaq:UTSI) is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The company's end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom's capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; San Jose, USA; Delhi and Bangalore, India; Hangzhou, China. For more information about UTStarcom, please visit http://www.utstar.com.
|For investor and media inquiries, please contact:|
|UTStarcom Holdings Corp.|
|May Shen (Beijing)|
|Daniel DelRe (Hong Kong)|
aioTV is a middleware platform and back-office tool set that enables video service providers to easily aggregate, authenticate and deliver multiple sources of live, on-demand and freely available video content directly to the customer in a single, branded experience to the TV and across connected devices. The company's cloud based management platform provides the ability to design, package and control an offering leveraging existing infrastructure, billing systems and DRMs for a quick, seamless implementation.
CONTACT: Jim Anderson email@example.com 303.513.0107