HONG KONG, Oct. 10, 2014 (GLOBE NEWSWIRE) -- UTStarcom ("UTStarcom" or "the Company") (Nasdaq:UTSI), a global telecommunications infrastructure provider, today announced that its partner, aioTV, has recently secured a patent grant for a key piece of technology that will enhance its competitiveness and leadership in the growing market for customized video entertainment.
The patent covers technology that advances the core mission of aioTV, 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.
"As the largest single investor in aioTV, UTStarcom congratulates the firm and its team on the award of this patent," said Mr. William Wong, UTStarcom's Chief Executive Officer. "This is truly a groundbreaking milestone and it serves as further recognition of the firm's ability to develop innovative technologies and stay ahead of competitors. It increases the value of aioTV to its core clients as it provides the basis for a new generation of program guide. It also will have a great impact for Cable MSO and OTT service providers as they seek to offer more compelling content options and retain customers. Being a key strategic partner, we continue to support the management of aioTV on its journey and we are excited to see the firm grow, challenge convention and achieve new heights of success."
UTStarcom invested in aioTV in 2012 as part of a strategy to expand into value-added media operational support services to sell to its core broadband infrastructure customers. UTStarcom is the single largest shareholder of aioTV.
The patent is listed in the United States Patent and Trademark Office under the Patent No. 8826347.
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.
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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.
Source:UTStarcom Holdings Inc.; aioTV