Espial Group Inc.
TSX : ESP

Espial Group Inc.

November 08, 2007 06:56 ET

Espial® Awarded $1.5M Initial Order for Major European IPTV Deployment

OTTAWA, ONTARIO--(Marketwire - Nov. 8, 2007) - Espial® Group Inc. (TSX:ESP), a leading provider of IPTV middleware and applications, today announced that one of the largest providers of triple play services in Europe, with over 1.5 million subscribers, has placed an initial order of approximately $1.5M USD for Espial's Evo® IPTV Service Platform as part of a larger turn-key contract through a channel partner. The innovative hybrid cable-IPTV service is scheduled for deployment next year, during which the majority of contract revenues will be recognized. The operator, which wishes to keep its IPTV plans confidential until service launch for competitive reasons, executed the contract with Espial after six months of testing, verification, and planning, and after evaluating many other major IPTV middleware platforms.

The operator selected Evo IPTV based on its ability to meet a rigorous list of requirements. These requirements included a fast, intuitive and highly customizable user interface that provides a superior quality of experience for subscribers; a modular and open middleware architecture that allows integration with the existing ecosystem and the ability to support important standards such as DVB-C, hybrid IPTV-cable EPG data transmission and EuroDOCSIS compatible modems; and an applications platform that provides fast and flexible service creation for the operator.

Standards-based support was one of the important criteria considered. Espial's Evo IPTV Service Platform aligns closely with emerging ITU and DVB standards. It provides a true separation between its interactive applications platform and the presentation layer; leverages readily-available skill-sets such as HTML, JavaScript and Flash for service creation; allows modular development and management between server-side and client-side applications and ecosystems; and has a defined communications protocol for operators that wish to upgrade to SIP and IMS standards in the future.

Espial's flagship Evo IPTV Service Platform, which includes the carrier-grade Evo Server, fast and intuitive Evo Client middleware, standards-based and extensible Evo Future-Proof Framework™, and various applications including Evo EPG, Evo VOD, Evo Browser, and Evo DVR, was designed as a better performing, more modular, scalable, and cost-effective alternative to other more monolithic solutions on the market today.

"We have been committed from the beginning to building an interactive services platform that would adopt the rules of the internet age without sacrificing performance, open standards, scalability, or cost- all mandatory requirements for operators looking for a next-generation IPTV service platform," said Jaison Dolvane, Espial's President and CEO. "This contract award demonstrates the strength and maturity of our Evo IPTV Service Platform and growing applications suite."

Espial has licensed over 1.3 million units of its Evo IPTV software to operators around the globe and has enjoyed mounting honors by industry press and analysts. In a recent report by market research firm iLocus, Espial's Evo was ranked third, with 8.2% of total IPTV subscribers using its middleware software at the end of the second quarter of 2007. Over the past year Evo was also awarded "Product of the Year" by technology media publisher TMC, named the "#1 IPTV Client Middleware" by analyst firm ABI, and rated a "Top Five IPTV Middleware Vendor" by Dittberner Associates. In addition, Espial received special recognition by Frost & Sullivan for being the "Most Entrepreneurial IPTV Company."

ABOUT ESPIAL (www.espial.com)

Espial provides IPTV middleware and applications that enable superior quality of experience, fast application performance, carrier-grade scalability, and open extensibility, all at a lower total cost of ownership. Espial's Evo® IPTV Service Platform, which can be purchased as modular components or as part of a pre-integrated client-server solution, includes Evo Client, Evo Server, Evo Browser, Evo BML Browser, Evo Future-Proof Framework™ (FPF), Evo SkinTones™ and applications such as Electronic Program Guide, Video on Demand, Digital Video Recorder, Content Portal, Games, and Triple Play.

Forward Looking Statements

Certain statements in this press release are "forward-looking statements", which reflect management's expectations. All statements other than statements of historical fact contained in this press release are forward-looking statements. Such forward-looking statements involve risks and uncertainties, as they reflect management's current beliefs and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this press release and Espial assumes no obligation to update or revise them to reflect press events or circumstances except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Espial with the securities regulatory authorities, available at www.sedar.com.

Contact Information

  • Espial Media Contact:
    Meredith Dundas
    (613) 230-4770 x 1142 or (613) 769-8466 (mobile)
    Email: mdundas@espial.com
    or
    Espial Investor Relations:
    Bob Daly
    CFO
    (613) 230-4770 x 1117 or (613) 612-0998 (mobile)
    Email: bdaly@espial.com
    Website: www.espial.com
    or
    Genoa Management Limited
    Ali Mahdavi
    Partner
    (416) 962-3300 or (416) 402-7300 (mobile)
    Email: amahdavi@genoa.ca