SOURCE: TiVo Inc.

TiVo Inc.

TiVo Inc.

TiVo Inc.

June 28, 2016 01:30 ET

Cubiware and MStar Semiconductor, Inc. Announce Partnership

SAN JOSE, CA--(Marketwired - Jun 28, 2016) - Cubiware, a Warsaw, Poland based subsidiary of TiVo Inc. (NASDAQ: TIVO), today announced its continued expansion in Asia with a new partnership with MStar Semiconductor, Inc. (MStar), a leading semiconductor company for display and digital home solutions. The collaboration will integrate MStar's Hybrid Set-Top Box chipset solution with the full-featured CubiTV Hybrid Middleware.

Using MStar's Full HD MPEG-4/MPEG-2/HEVC STB chipset platform with the latest advanced security engine, Cubiware will offer a complete system solution that includes PayTV/IPTV/OTT product segments. Leveraging this partnership, MStar can offer STB Manufacturers, Operators, and Telcos the most efficient way to meet market needs. The highly optimized solution will provide a competitive advantage to set-top boxes and enhance the customer experience while considerably reducing time-to-market for delivery of new value added services.

The collaboration between Cubiware and MStar will lead to other possible innovative solutions, such as the implementation of TiVo Lite onto MStar's chipset platforms. This solution would enable TiVo's legendary User Experience on low-cost -- yet fully featured -- Set-top Boxes, and make it readily available to operators in a greater number of markets.

"We are very excited about our partnership with MStar," said Jakub Gorski, co-founder of Cubiware. "MStar's capabilities fully complement Cubiware's IPTV and VOD functions. This will make for an enhanced and exciting offering for our customers and partners."

"We're pleased and feel confident on the start of a very promising partnership between both companies," said Dennis Lai, Sales VP of set-top box Business Unit at MStar. "Through the cooperation, we will deliver the most optimized platform and enable operators to provide richer and advanced TV experience to viewers in the world."

About MStar Semiconductor, Inc.
MStar Semiconductor, Inc. ("MStar") is a world-class leader in Application Specific ICs ("ASIC") with a focus on consumer electronic products and communication applications. Since the inception in 2002, MStar has established a strong brand and leadership position in LCD controller, analog and digital TV and set-top box by fully leveraging its core expertise of cutting-edge design capabilities, continuous innovation and premier customer-focused services. Headquartered in Taiwan, MStar has a comprehensive global footprint of international R&D and customer support centers to provide a full range of total solutions for various consumer electronic applications. For more information, please visit www.mstarsemi.com.

About Cubiware
Cubiware, a wholly owned subsidiary of TiVo Inc. (NASDAQ: TIVO), is an innovative provider of software for Digital TV devices and systems. Cubiware'sCubiTV solution is flexible middleware that enables cable, satellite, terrestrial TV operators, and telcos to introduce advanced TV services to network services. Support for a variety of Internet standards and high customizability enables rapid and cost-effective deployment. Cubiware's CubiSDK software development kit (SDK) enables the building of customized software for video-enabled devices such as IPTV set-top boxes (STBs), DVB Zappers, and DVRs. CubiSDK includes multiple pre-built plug-ins and libraries, which may be used to add value to existing Cubiware IPTV or DVB/IP deployments as well as to accelerate development of new DTV products. For additional information please visit www.cubiware.com or email info@cubiware.com.

About TiVo Inc.
TiVo Inc. (NASDAQ: TIVO) is a global leader in next-generation television services. With global headquarters in San Jose, CA and offices in New York, NY, Durham, NC, and Warsaw, Poland, TiVo's innovative cloud-based Software-as-a-Service solutions enable viewers to consume content across multiple screens in and out-of-the home. The TiVo solution provides an all-in-one approach for navigating the 'content chaos' by seamlessly combining live, recorded, on-demand and over-the-top television into one intuitive user interface with simple universal search, discovery, viewing and recording from a variety of devices, creating the ultimate viewing experience. TiVo products and services are available at retail or through a growing number of pay-TV operators worldwide. TiVo's multiple subsidiary companies provide the broader television industry and consumer electronics manufacturers with set-top box, cloud-based video discovery and recommendation options, interactive advertising solutions, and audience research and measurement services. More information at: www.TiVo.com.

Forward Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the future integration of MStar's Hybrid Set-Top Box chipset solution with the full-featured CubiTV Hybrid Middleware. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "future", "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance, as well as the other potential factors described under "Risk Factors" in the Company's public reports filed with the Securities and Exchange, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2016, Quarterly Report on Form 10-Q for the quarter ended April 30, 2016, and Current Reports on Form 8-K. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.