SOURCE: NuTech Digital, Inc.

September 05, 2007 13:30 ET

NuTech Digital to Enter Video and Data Telecom Industry With New Services for Broad Markets

LOS ANGELES, CA--(Marketwire - September 5, 2007) - NuTech Digital (OTCBB: NTDL) recently announced the closing of its asset acquisition and licensing agreement with Jump Communications Inc., a provider of 2-way video, entertainment and data services. The union of the technologies of Jump and NuTech presents a new diversified content and communications company with technological capabilities to access and create new revenue streams in telecommunications.

The system features end to end network control from switch centers around the nation to the desktop or the set-top box, allowing for TV-Quality Video Conferencing in real time, real-time transmission of entertainment channels, Video On Demand (including HD), and secure networking for transmission of confidential data, such as medical records (HPAA Compliant).

NuTech will manufacture the "Jump," a new set-top box that will integrate these services for the enterprise, consumer, military and government markets. The embodied technology delivers "live in person" human interaction with full lip sync, anywhere in the world without irritating, distracting video and audio anomalies. The network platform delivers television-quality video with integrated data channel capability simultaneously to "Anyone, Anytime and Anywhere!"

According to Datamonitor, "Digital video surveillance is a high-growth niche within the overall surveillance market at 55% CAGR between 2003 and 2007. Between 2003 and 2007 the market will grow from $1.3bn to $7.4bn globally as a result of heightened security awareness, ROI benefits of digital and IP solutions and technology maturity & replacements."

And, according to Andrew Davis at Wainhouse Research, videoconferencing is part of a multi-billion dollar real-time collaboration market that includes audio, video, and web conferencing products and services.

About NuTech Digital

A telecommunications and technology company based in Los Angeles, California, NuTech provides industry leading digital video compression technology delivering 2-way video with a true personal presence at a distance, conducted over broadband connections, delivering an unlimited number of entertainment channels for viewing on a computer or a television. NuTech markets and sells its proprietary products and services to the medical, security and surveillance, multiple dwelling unit and other vertical markets.

Forward-looking statements in this release 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 mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in periodic reports filed with the Securities and Exchange Commission.

Contact Information

  • Contact:
    NuTech Digital
    Patrick Smyth
    Investor Relations