NDS Commits to Continued Investment in Korea and Global Support of the Korean CE Industry
* NDS provides access to leading global pay-TV broadcasting customers, directly facilitating US$2 billion in exports for Korean STB and CE manufacturers
* NDS has invested US$40 million in its Korean R&D centre and plans to accelerate investment over the next two years
* NDS technology protects US$450 million in business revenues for its pay-TV broadcasting customers in Korea and a total of over US$40 billion for operators around the world annually
SEOUL, KOREA – NDS, the leading provider of technology solutions for digital pay-TV, today announced that by providing Korean manufacturers access to leading NDS global customers, it had facilitated US$2 billion in export revenue for the Korean Consumer Electronics (CE) industry. NDS also plans to increase investment in its R&D Centre in Korea over the next two years to support its growing activities with customers worldwide.
Since 2001, NDS has invested US$40 million in the NDS Korea R&D Centre, with the result that it has become a global facility for the development of future core technologies for next-generation digital broadcasters, platform operators and content providers. NDS now plans to accelerate investment in the Korean R&D Centre, which currently has 120 employees working to provide full end-to-end system support and to handle STB integration for more than 50 global projects.
With the support of Korean broadcasters and pay-TV operators, NDS and its local partners in Korea have achieved significant global growth for the Korean CE industry. NDS has directly facilitated US$2 billion in export revenues for Korean CE manufacturers by providing access to NDS global customers.
Dr. Byun, CEO of Korean set-top box manufacturer Humax commented, “NDS has played a significant role in growing our international export revenue over the last two years. We are pleased to have a technology partner like NDS, keeping Korean technology at the forefront of the global market and promoting Korean engineering excellence to NDS customers around the world.”
“Our Korea R&D Centre plays a crucial role in the development of core technologies to deliver the best viewing experience to consumers around the world,” said Dr. Abe Peled, NDS Chairman and CEO. He added, “We are confident that these additional resources to continue to enhance the Korea R&D Centre will ensure that NDS together with our partners in the Korean consumer electronics industry maintain a competitive edge as global leaders in end-to-end system support and STB integration.”
In Korea, NDS solutions safeguard over US$450 million in revenue annually by helping pay-TV operators deliver content to their audiences securely. Teams of NDS Korea engineers are working on solutions for local operators including BSI, CJ HelloVision, GSGB, KT, SkyLife and TBroad, demonstrating NDS’ commitment to helping its customers deliver an enhanced viewing experience to people in more than 3.6 million Korean households.
NDS is actively working with leading Korean manufacturers to help them increase their global business and develop the next generation of consumer devices that will be used to receive and enjoy content anywhere, anytime and on multiple devices. The undisputed market leader in end to end technology solutions for digital pay-TV, NDS is the right partner for Korean manufacturers and operators today and well into the future.
Founded in 1989, Humax Co. Ltd. of Korea is one of the world’s leading digital set-top box manufacturers, exporting its products to more than 90 countries around the globe. Listed on the Korean stock exchange (KOSDAQ), the company’s international headquarters and research and design facilities are based in Korea with regional offices around the globe. For more information, visit www.humaxusa.com.
NDS Group plc (NASDAQ: NNDS), a majority owned subsidiary of News Corporation, supplies open end-to-end digital technology and services to digital pay-television platform operators and content providers. See www.nds.com for more information about NDS.
Cautionary Statement Concerning Forward-looking Statements
This document may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market, regulatory and other factors. More detailed information about these and other factors that could affect future results is contained in our filings with the US Securities and Exchange Commission. Any “forward-looking statements” included in this document are made only as of the date of this document and we do not have any obligation, nor do we undertake, to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, except as required by law.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.