International Datacasting Corporation

International Datacasting Corporation

November 08, 2007 17:01 ET

International Datacasting Corporation Awarded R&D Support for Next Generation IPTV Technology

OTTAWA, ONTARIO--(Marketwire - Nov. 8, 2007) - International Datacasting Corporation (TSX:IDC) is pleased to announce that it is has received federal funding from the National Research Council Canada Industrial Research Assistance Program (NRC-IRAP). Subject to the terms of the agreement, International Datacasting Corporation will receive approximately $460,000 in non-repayable research funding over the life of the specified project.

Working directly with IDC, NRC-IRAP will provide a range of both technical and business oriented advisory services along with financial support to help the enterprise grow. NRC-IRAP support will be focused on IDC's advanced Research and Development (R&D) project for a next-generation Internet Protocol TV (IPTV) product line.

"We are delighted to receive NRC- IRAP support," stated IDC President and CEO, Ron Clifton. "We already invest a significant portion of our revenues into new product development each year in order to maintain our competitive advantage. This support will augment our investment and, crucially, it will help us accelerate the time to market for some important new IPTV products and enhancements. This contribution will also help build on IDC's real-life experience and success in the IPTV market while strengthening our intellectual property portfolio and allow us to pursue the international IPTV market more aggressively."

According to IDC's Vice President and Chief Technology Officer, Gary Carter, "IPTV is one of the most exciting and demanding market opportunities for satellite datacasting today. IDC's end-to-end solutions for the cost-effective and secure distribution of broadcast quality television programming--both High Definition (HD) and Standard Definition (SD)--are ideally suited to this
application. Our strengths in critical technology competencies including: MPEG 4 Advanced Video Coding (AVC) video encoding, DVB-S2 modulation, encryption/decryption, advanced redundancy and IP encapsulation as well as IP multicasting and other IPTV-specific functionality has made IDC an early leader in the field."

About International Datacasting Corporation (IDC):

International Datacasting Corporation, (TSX:IDC) is a global leader in providing advanced solutions for the distribution of broadband content via satellite. IDC is at the forefront of delivering IP-based datacasting solutions via satellite and content distribution technologies with installations in more than 100 countries worldwide. IDC's products are in demand for radio and television broadcast networks, distance learning, digital signage, digital cinema, IPTV distribution and other content distribution applications. IDC is headquartered in Ottawa, Canada, operates in Europe through its wholly owned subsidiary PROFline B.V. in Arnhem, the Netherlands and has an established international network of value-added partners and distributors.

This press release contains forward-looking statements that may involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with IDC's growth, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities.

Contact Information

  • International Datacasting Corporation
    Tracy Trottier
    Marketing Communications
    613-596-4120 x 2274