SOURCE: Eagle Broadband

May 03, 2006 07:30 ET

Eagle Broadband Lands Million Dollar Deal to Service Las Vegas Resort for KoolConnect Technologies

Eagle Inks Five-Year Video on Demand Set-Top Box Maintenance Agreement

LEAGUE CITY, TX -- (MARKET WIRE) -- May 3, 2006 -- Management at Eagle Broadband, Inc (AMEX: EAG), a national provider of broadband, Internet protocol (IP) and communications technology and services, announced today that it has signed a five-year maintenance agreement worth upwards of $1 million over the next five years with KoolConnect Technologies, Inc., a leading provider of HD and digital Video on Demand (VOD) to the upscale and luxury hospitality market.

This annually renewable maintenance agreement went into effect on May 1, 2006 and supports more than 3,000 units of Eagle's MediaPro IP5000HD set-top boxes, which have been reliably delivering high-definition television signals over an IP interface to a renowned Five-Star Las Vegas casino resort for the past year. KoolConnect's VOD solution, which utilizes the Eagle set-top box architecture, is operated by a leading provider of hotel television services to many upscale Las Vegas hotels.

"This agreement is a resounding endorsement of our high-definition, set-top box technology," said Dave Micek, president and chief executive officer of Eagle Broadband. "It positions us extremely well as we collaborate with our hospitality partners to pursue other luxury hotel opportunities in the Las Vegas marketplace."

Michael DiLeva, executive vice president and general manager of KoolConnect Technologies added: "Luxury hotels require the absolute epitome of amenities and the television solutions that they require are no exception. By utilizing Eagle Broadband's set-top box technology in our HD solution, we've been able to provide the exceptional picture quality and functionality that these discerning properties demand."

For more information on Eagle Broadband, visit www.eaglebroadband.com.

About Eagle Broadband, Inc.

Eagle Broadband is a technology company that develops and delivers products and services in three core business segments:

--  IPTV -- Eagle Broadband's IPTVComplete™ provides direct access to
    more than 200 channels of high-demand programming from popular
    entertainment providers, often using Eagle's high-definition, set-top
    boxes.
    
--  SatMAX™ -- Eagle Broadband's SatMAX™ provides indoor/outdoor
    communications utilizing the global Iridium-based (www.iridium.com)
    satellite communications system.  It offers both fixed and mobile
    solutions, including the emergency first responder SatMAX™ Alpha "SatMAX
    in a suitcase" technology
    
--  Managed Services -- Eagle Broadband's Managed Services division
    provides support for its IPTVComplete™ and SatMAX products, and
    implements a range of other Internet-related technologies, including WiFi
    and VoIP solutions.
    
EAGG

Forward-looking statements in this release regarding Eagle Broadband, Inc., are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.

Contact Information

  • Media Contacts:
    Jackie Hutto
    Griffin Integrated Marketing
    (281) 335-0200

    Jesse Blum
    Friedland Corporate Investor Services LLC
    (866) 356-0651