HONG KONG, May 13, 2015 (GLOBE NEWSWIRE) -- UTStarcom (Nasdaq: UTSI ), a global telecommunications infrastructure provider, today announced that its partner, aioTV has received a new critical patent from the U.S. Patent and Trademark Office. This latest patent, in addition to aioTV's other granted patents, is indicative of its growing capabilities to enable video providers to create channels and packages from a blend of VOD, linear and Internet video within a common experience.
The patent covers, among other things, the normalization of disparate metadata sources, associated packaging and video playback. It helps to solve the common challenge for large content owners and MVPD's to enhance their middleware platforms and custom client experiences in order to dealing with the massive amount of disparate metadata.
"As the largest shareholder in aioTV, we congratulate the Company on securing yet another key patent. With this development, aioTV further strengthens its position in the market as a leader in the creation and delivery of multi-sourced content in a unified customer experience," said Mr. William Wong, UTStarcom's Chief Executive Officer. "We believe that aioTV is uniquely positioned to lead the way in revolutionizing new media through its cutting-edge and innovative technologies. We are committed to supporting aioTV as it grows its business."
UTStarcom invested in aioTV in 2012 as part of a strategy to expand into value-added media and operational support services to sell to its core broadband infrastructure customers.
aioTV is a global provider of back-office tools for video service providers. 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 – 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 9,027,065.
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; Fremont, USA; Hangzhou, China; Delhi and Bangalore, India. For more information about UTStarcom, please visit http://www.utstar.com .
| For investor and media inquiries, please contact: |
| Jiang Ning |
| UTStarcom Holdings Corp. |
| Tel: +852-3951-9757 |
| Email: njiang@utstar.com |
| Joanna Jiang (Beijing) |
| Tel: +86-10-8591-1958 |
| Email: Joanna.Jiang@fticonsulting.com |
| Sean Pattwell (Hong Kong) |
| Tel: +852-3768-4543 |
| Email: Sean.Pattwell@fticonsulting.com |
About aioTV
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 |
| janderson@aio-tv.com |
| 303.513.0107 |
