NDS Commits to Continued Investment in Korea and Global Support of the Korean CE Industry
Highlights:
- 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 – October 30, 2008 — 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.
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About Humax
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.
About NDS
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.
Read about the latest developments at NDS and in the pay-TV
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For further information:
| NDS |
|
| Cynthia Ritchie |
T: +44 20 8476 8378 |
| Director, Corporate Communications |
critchie@nds.com |
| |
|
| Vanessa Griffiths-Green |
T: +852 2201 9151 |
| Director Marketing & New Initiatives, Asia Pacific |
vgriffiths-green@nds.com |
| |
|
| Breakaway Communications for NDS |
T: +1 212 616 6006 |
| Kelly Fitzgerald, Managing Partner |
kfitz@breakawaycom.com |