News Releases
BigBand achieves major milestone with first deployment of video IP solution with LG Powercom in Korea
LG Powercom poised to deliver virtually unlimited, high quality, video IP programming to over 2.3 million subscribers with BigBand's vIP PASS™
May 5, 2009
REDWOOD CITY, Calif., May 5, 2009—BigBand Networks, Inc. (NASDAQ: BBND), a leading innovator in digital video networking, and LG Powercom, a leading provider of innovative, quality high-speed communications access services, announced today the commercial deployment of BigBand's video IP solution, vIP PASS™, to deliver cost effective IPTV services to personal computers and IP set-top boxes over DOCSIS® 3.0 cable modems.
LG Powercom is a telecommunications service provider and has the largest HFC Networks infrastructure in Korea with over 2.3 million subscribers, and offers IPTV and high-speed Internet data services via optical cable and HFC infrastructure. They have built more than 60,000km of HFC networks nationwide in Korea.
LG Powercom reviewed various alternatives to support their IPTV strategy including deploying video IP across their existing CMTS's that carry voice and data. BigBand was chosen because vIP PASS provided a field proven platform-based IPTV solution for cost effective, commercial deployment of video IP services and a path from today's broadcast to tomorrow's unicast service delivery.
"BigBand's video IP solution met our critical time-to-market requirements and leveraged our nationwide HFC network in Korea. The BigBand IPTV approach gives us the flexibility and scalability to meet customers' demands for more personalized video services with high-quality." said Mr. Inho Suh, Head of Technology of LG Powercom."
In deploying vIP PASS, LG Powercom is now positioned to be an early market leader in meeting the growing demand for quality video IP delivery to a broader range of consumer devices to generate additional revenue streams, provide more personalized content, and compete with popular online service providers. The BigBand platform-based IPTV solution capitalized on LG Powercom's existing network architecture to deliver video services via DOCSIS® 3.0 compatible modems without transiting a CMTS. vIP PASS was deployed within 90 days and includes BigBand's field validated video control plane technology, modular universal edge QAM platforms and video management and performance software..
"The LG Powercom win attests to our commitment to provide innovative technology solutions, enabled by our proven digital networking platforms, coupled with attractive economics," said David W. Heard, Chief Operating Officer at BigBand. "vIP PASS opens new market opportunities and diversifies our solution portfolio to enable efficient video IP delivery. vIP PASS supports our customers' needs to deliver quality video to more devices, tap new revenue opportunities, and be more competitive with a solution that could save them hundreds of millions of dollars in capital expenditures, while providing an evolution path to more personalized, unicast services."
About BigBand Networks
BigBand Networks, Inc. [NASDAQ: BBND] provides broadband service providers with innovative network solutions designed to make it easier to move, manage and monetize video. These solutions are based on BigBand's video-networking platforms that are built to enable efficient and reliable delivery across a wide range of services, including digital TV, high definition TV, advanced advertising, video-on-demand and interactive TV. BigBand Networks' customers include more than 200 service providers—including seven of the ten largest service providers in the U.S.—and leading cable and telco service providers in North America, Asia, Korea, Europe and Latin America. BigBand Networks is based in Redwood City, Calif., with offices worldwide. For additional information about the company, please call +1.650.995.5000, email info@bigbandnet.com or visit www.bigbandnet.com.
About LG Powercom
LG Powercom is an innovative and pioneer in creating ubiquitous communications access, also known as U-KOREA. They are the 3rd largest telecommunications service provider in Korea with over 2.3 million subscribers. LG Powercom began as an optical cable and cable TV transmission network business. The company contributed to the establishment of the national High-speed communication network using high quality optical cable networking. LG Powercom provides customers with access to a high-quality communications network at a lower price. The company is headquartered in Seoul, Korea.
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BigBand Networks' brand and product names, including vIP PASS™, are service marks, trademarks or registered trademarks of BigBand Networks, Inc. in the United States and other countries. All other marks are the property of their respective owners.
This release contains "forward-looking statements" as defined under the U.S. Federal Securities Laws, including the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created by such laws. Forward-looking statements may relate to, but are not limited to the functionality, programming potential and other potential benefits to be derived by our customers from the use of BigBand's vIP PASS™ solution, forward-looking statements are based on current expectations that involve a number of uncertainties and risks that may cause actual events or results to differ materially. Factors that could cause actual events or results to differ materially include, among others, the following: rapid technological change that can adversely affect the demand for BigBand's products, design flaws in BigBand's vIP PASS, shifts in customer demand, shifts in strategic relationships, delays in BigBand's ability to deliver or decisions to discontinue its products and services, or announcements by competitors. These and other risks may be detailed from time to time in BigBand's periodic reports filed with the Securities and Exchange Commission, copies of which may be obtained from www.sec.gov. BigBand Networks is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Information contained in our website is not incorporated by reference in, or made part of this press release.