Message #38 From:
NewsBot Date: November 19, 2006 09:01:00 PM
AANI News Amedia Networks, Inc. Issues Q3 Operational Update
EATONTOWN, N.J.--(BUSINESS WIRE)--Amedia Networks, Inc. (OTC BB: AANI), a provider of next generation
media gateways to distribute and manage ultra-broadband triple-play
services in the home, today released an operational update to employees
and shareholders.
Over the last few months, Amedia has participated in several key
industry events including TelcoTV 2006, the pre-eminent IPTV trade show,
and the prestigious Gilder/Forbes 10th Annual
Telecosm Conference, where company President, CEO, and Director Frank
Galuppo was a featured speaker.
Additionally, Amedia introduced its Broadband Entertainment Center
platform – the foundation for its
next-generation line of broadband residential gateways, scheduled to
ship in early 2007. The platform is being designed to combine the
collective functionality of multiple home entertainment and networking
equipment, with a built-in software operating system and external media
storage – all in a single, compact solution.
This will allow also users to surf the Web without a computer,
offering access to streaming IP video as well as stored multimedia
content through a TV.
Amedia strengthened industry partnerships as well, highlighted by
several demonstrations at TelcoTV 2006, showcasing IP-DSLAM support and
making wireless HD video a reality through Ultra wideband (UWB)
technology. Also at the show, Motorola announced the introduction of its
MIPX gateway jointly developed with Amedia to help carriers deliver IPTV.
Mr. Galuppo commented, “Our existing and
developing partnerships with Fortune 100 firms are further enabling
Amedia to innovate and deliver an even broader set of applications and
services to the home. At the same time, our extensive interoperability
enables Amedia technology to continually address the ever changing needs
of our carrier customers.”
“Throughout 2007, we expect to see carriers
and vendors capitalize on subscriber interest and sales opportunities
in triple-play services, driving the transformation of the traditional
gateway into the Broadband Entertainment Center for the networked home.”
added Mr. Galuppo.
Amedia Networks, Inc. (OTC BB: AANI) provides next generation
residential media gateways to distribute and manage high-quality voice,
high-definition video, and high-speed data services throughout the
networked home. The Amedia residential gateway offers a single, compact,
configurable device with the collective functionality of a modem,
wireless access point, router, VoIP adapter, and family firewall –
all in one. In addition, it features external media storage and a
built-in operating system for carriers to continuously develop and
deliver new, ultra-broadband applications to the home. The company is
led by an executive team with a long and proven history in the voice,
data, and telecom industries, and its core technologies have been
co-developed by Lucent Technologies, Inc.’s
renowned Bell Laboratories unit. For more information, visit www.amedia.com.
All company names, brand names, and product names herein are
trademarks of their respective holder(s).
This press release may contain "forward-looking" statements as that
term is defined in the Private Securities Litigation Reform Act of 1995.
A number of factors could cause Amedia's actual results to differ from
anticipated results expressed in such forward-looking statements. Such
factors are addressed in Amedia's filings with the Securities and
Exchange Commission (available at www.sec.gov)
and include, but are not limited to, the success and market acceptance
of Amedia's triple play solution, the sufficiency of cash reserves to
meet operating and other requirements, the relatively fast pace of
obsolescence in the broadband communications equipment market, and the
competitive environment in the economy generally and in the
telecommunications specifically. Amedia assumes no obligation to update
any forward-looking statements.
