Espial RDK Set-top Box Solutions & Espial G4 User Experience to Power
N-Next Generation of Set-top Boxes and wireless devices
OTTAWA, Oct. 16, 2013 /CNW/ - Espial, a leader in on-demand TV software
and solutions, today announced that a major Tier 1 North American Cable
operator has signed a multi-year, multi-million dollar contract
with Espial to provide the service provider's next generation user
experience and client solutions for set-top boxes, TVs, wireless and PC
devices. Espial will integrate and deliver Espial's RDK set-top box
client solution together with the Espial G4 User Experience, a complete
out-of-the-box HTML5 user experience for TV, Tablets and Smartphones.
"Espial's product portfolio is focused on helping operators launch new,
innovative services as they transition to IP-based networks" said
Jaison Dolvane, CEO, Espial. "This contract represents a significant
financial win for Espial and reinforces Espial's product leadership.
Traditional telecom competition along with new Internet entrants like
Netflix, Hulu and Amazon are challenging incumbent cable service
providers. This is accelerating cable's transition to IP as a platform
to allow them to effectively compete and rapidly innovate. Espial's
strong product focus in this market, our work with Comcast as an RDK
licensee and our continually increasing HTML5 leadership positions us
very well to capitalize on this lucrative market opportunity."
More information about Espial products and solutions is available at www.espial.com.
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About Espial (www.espial.com)
Espial is a leading supplier of digital TV and IPTV software and
solutions to cable MSOs and telecommunications operators as well as
consumer electronics manufacturers. Espial's middleware,
video-on-demand, and browser products power a diverse range of pay-TV
and Internet TV business models. Over 35 million licenses of its
patented software are in use across the world. Espial is headquartered
in Ottawa, Canada and has offices in the United States, Europe, and
Asia. Visit www.espial.com or contact via phone at +1 613 230 4770.
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Forward Looking Statement
This press release contains information that is forward looking
information with respect to Espial within the meaning of Section
138.4(9) of the Ontario Securities Act (forward looking statements) and
other applicable securities laws. In some cases, forward-looking
information can be identified by the use of terms such as "may",
"will", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "predict", "potential", "continue" or the negative of these
terms or other similar expressions concerning matters that are not
historical facts. In particular, statements or assumptions about
anticipated, economic conditions, benefits of new customer and partner
relationships, future opportunities for the company and products and
any other statements regarding Espial's objectives (and strategies to
achieve such objectives), future expectations, beliefs, goals or
prospects are or involve forward-looking information.
Forward-looking information is based on certain factors and assumptions.
While the company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect.
Forward-looking information, by its nature necessarily involves known
and unknown risks and uncertainties. A number of factors could cause
actual results to differ materially from those in the forward-looking
statements or could cause our current objectives and strategies to
change, changing conditions and other risks associated with the
on-demand TV software industry and the market segments in which Espial
operates, competition, Espial's ability to effectively develop its
distribution channels and generate increased demand for its products,
economic conditions, technological change, unanticipated changes in our
costs, regulatory changes, litigation, the emergence of new
opportunities, many of which are beyond our control and current
expectation or knowledge.
Additional risks and uncertainties affecting Espial can be found in
Management's Discussion and Analysis of Results of Operations and
Financial Condition for the fiscal year ended December 31, 2012 filed
on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize, or if the
factors and assumptions underlying the forward-looking information were
to prove incorrect, actual results could vary materially from those
that are expressed or implied by the forward-looking information
contained herein and our current objectives or strategies may change.
Espial assumes no obligation to update or revise any forward looking
statements, whether as a result of new information, future events or
otherwise, except as required by law. Readers are cautioned not to
place undue reliance on these forward-looking statements that speak
only as of the date hereof.
SOURCE ESPIAL GROUP
