SOURCE: Sigma Designs, Inc.

Sigma Designs, Inc.

September 10, 2014 06:00 ET

Sigma Designs Collaborates With Digisoft.tv and Novabase to Bring Discover Digital's Subscription and Transactional VOD Services to South Africa

Powerful and Cost-Effective Sigma 8674 SoC Used for USB Memory Stick Based Content Delivery Via Set-Top Boxes and Content Kiosks in Service Run by Discover Digital

MILPITAS, CA--(Marketwired - Sep 10, 2014) -   Sigma Designs® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Smart TV, Smart home and IP-based set-top-boxes (STBs), announces a collaboration with Digisoft.tv and Novabase on a unique solution designed to streamline the secure delivery of digital video content to viewers in South Africa.

Consumers can use the Discover Digital service to rent video-on-demand (VOD) content at conveniently located public kiosks, with the content delivered via USB memory stick and played by using a low-cost STB. The cost-effective yet high performance Sigma 8674 Secure Media Processor ™, along with Digisoft.tv software, is utilized in the Novabase set-top box. In addition, the set-top serves as a 3G/LTE home gateway that can provide Internet connectivity for over-the-top (OTT) services as well as receive free-to-air content in DVB-T2 format. The Sigma 8674 processor was selected for this solution because of its secure content processing capability, price/performance competitiveness, and built-in conditional access system (CAS) support.

"The innovative transactional and subscription VOD service model is ideal for emerging markets, to enable consumers to enjoy high value video content on a pay-as-you-go basis, while also reducing piracy and security concerns for content owners," said Mustafa Ozgen, vice president and general manager home multimedia at Sigma Designs. "The collaboration between Digisoft.tv, Novabase, and Sigma Designs allows Discover Digital to implement a low-cost set-top-box for this application while still providing outstanding content and a high-quality experience for consumers."

"We have acquired various types of media assets, including sports and movies, to provide viewers in South Africa with compelling video content that they can affordably enjoy, whether or not they have a paid TV subscription," said Steven Watson, executive director of Discover Digital. "The underlying technology from Sigma Designs, Digisoft.tv, and Novabase are key components of our successful service. The security and performance capabilities of the set-top box gateway are outstanding."

Digisoft.tv is a leading global provider of set-top box software for the cable, satellite, terrestrial, and telecommunications industries. Novabase is an international leader in solutions and infrastructure implementation for the telecommunications industry with customers on four continents -- Europe, Asia, Africa, and South America.

"Our collaboration on this new and flexible system for content delivery helps to meet the demand for VOD services in South Africa," said Fearghal Kelly, CEO of Digisoft.tv. "Our software development in conjunction with the optimized hardware processing capabilities of the Sigma Designs processor and the Novabase set-top box is a perfect combination."

"This solution is ideal for markets such as South Africa with a high percentage of consumers who do not have fixed broadband or a full-service pay TV subscription," said Michael Pauli, general manager of Novabase. "Responsiveness and the ability to provide a working solution for the unique requirements of this project were key. The combination of Sigma Designs, Digisoft.tv, and Novabase met the needs for reliability, feature sets, and cost."

Visit Sigma Designs' stand #BM7 at IBC 2014 in Amsterdam, September 12-15, and to see the kiosk solution demonstrated at IBC visit Digisoft.tv in Hall 14 at stand #14.E27.

For more information about Sigma Designs, visit www.sigmadesigns.com.
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About Sigma Designs
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, DTV, connected media players, residential gateways, home control systems, and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.

Sigma Designs, Secure Media Processor, and the Sigma Designs logo are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the anticipated features and benefits of Sigma's products and solutions with respect to the above mentioned collaboration. Actual results may vary materially due to a number of factors including, but not limited to, consumer acceptance of the services provided through this collaboration, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, including the set-top-box market, the ability of its SoCs to compete with other technologies or products in these markets as well as other risks that are detailed from time to time in Sigma's SEC reports, including its report on Form 10-Q. . Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. Sigma undertakes no obligation to publically release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About Digisoft.tv
Digisoft.tv Ltd is a global provider of hybrid IPTV software ecosystems for MSOs under the Iris Brand. Iris products support common broadcast standards (DVB, ISDB-T, ATSC) enhancing them with HbbTV/HTML 5.0 to deliver VOD and App Stores. The Company also provides educational platforms to aid the proliferation of digital learning resources. Our key activities include software provision, managed service and professional services for brands such as Vodafone, PMT and VideoEzy, as well as, educational apps and sophisticated search platforms .Digisoft.tv maintains headquarters in Ireland with sales offices around the world.

About Novabase
Novabase is an IT company established in 1989, active in the provisioning of information technology solutions for the telecommunications, financial services, government, healthcare, energy, and aerospace sectors. The company organizes its activities into three business lines: business solutions, infrastructures & managed services, and venture capital. In 2012 its turnover was EUR 212 million, and the company employed over 2000 in 2012.

About Discover Digital
Discover Digital (Pty) Ltd will launch a full OTT Transactional Video-on-Demand (TVOD) and Subscription Video-on-Demand (SVOD) solution for the Sub-Saharan African market in 2014. Our platform and business model has been designed specifically for the African market, delivering a hybrid solution that will ensure greater access to content for consumers who are connected via fixed or mobile networks.

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