Tilgin AB: Tilgin wins breakthrough order from South European Incumbent for its major commercial roll-out of IPTV
2008-08-06 08:18:00
Tilgin AB: Tilgin wins breakthrough order from South European Incumbent for its major commercial roll-out of IPTV
STOCKHOLM, Sweden–(EMWNews)–Regulatory News:
Tilgin (STO:TILG), a leading provider of customer premises equipment
solutions for multi-play and next-generation broadband services, has won
a breakthrough order of its IPTV-technology from an incumbent South
European telecom operator. The operator will use Tilgin’s
HD IPTV technology and management solutions for its major commercial
roll-out of IPTV in Southern Europe.
Following the previously announced cooperation on a soft launch, the
customer is now entering a phase of extensive commercial roll-out. The
initial volume order value is approximately 1.7 MUSD. As the roll-out
progresses, Tilgin expects further and larger orders from the customer. “It
is a breakthrough for Tilgin to provide IPTV-technology to a major South
European roll-out of next generation broadband services to the
mass-market”, says Ola Berglund, Tilgin’s
CEO. “The order proves that our IPTV
technology enables operators to take full advantage of rich media and
communication services. It also shows the success of our sales model to
partner with leading system integrators.” As
key components of the telecom’s commercial
roll-out of its IPTV service, Tilgin will deliver High Definition Mood
400 IP set-top boxes and management software. The order includes entry
level units, as well as those supporting Personal Video Recording (PVR)
for a more personalized and on-demand viewing experience. Both models
offer the operator upgrade capabilities to more advanced service
functionality for multi-device media sharing and communications. This
order acknowledges a substantial footprint for Tilgin in the Southern
European market, as well as within the multinational telecom group
headed by this customer. For this customer, Tilgin’s
IPTV technology is integrated in a leading global systems integrator’s
end-to-end solution. By partnering with leading global system
integrators, Tilgin can leverage on its technology and reach operators
world-wide.
― End ―
This press release has been reported to the Swedish Financial
Supervisory Authority subject to FFFS 2007:11. In its capacity as
issuer, Tilgin AB is releasing the information in this press release in
accordance with the Swedish Securities Exchange Act. The information was
distributed to the media for publication at 3.00 p.m on August 6th 2008.
About Tilgin
Tilgin designs and delivers premier IP customer premises equipment (CPE)
for advanced Triple Play and IMS-based services. Supporting the full
convergence of voice, video and data, Tilgin takes a network systems
approach to CPE that enables service providers to offer a broad range
portfolio of innovative and competitive broadband services. Tilgin’s
comprehensive product portfolio of IP residential gateways, set-top
boxes and related management applications, offers service providers
unprecedented return on investment – delivering new service revenues and
impressive cost savings over the lifetime of the product. Tilgin was
founded in 1997 under the name i3 micro technology and listed on the
Stockholm Stock Exchange on the Nordic List as of December 2006. It is
headquartered in Kista, Sweden, with European sales representation in
France and Germany. www.tilgin.com
This information was brought to you by Cision http://newsroom.cision.com
Ola Berglund, CEO Tilgin |
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