October 16, 2012 07:43 ET

TECHNICOLOR and Astro reinforce their cooperation

Malaysia-based satellite broadcaster renews its contract for Technicolor MediaPlay set-top boxes

ISSY-LES-MOULINEAUX CEDEX, FRANCE--(Marketwire - Oct 16, 2012) - Technicolor (EURONEXT PARIS: TCH) today announced that it has extended its contract with Astro, Malaysia's leading integrated cross-media group. Further to the delivery of a first batch of MediaPlay High-Definition (HD) MPEG-4 set-top boxes over 2010-2011, Astro has granted Technicolor additional contract for the same platform to be delivered in the coming months.

The set-top box supplied by Technicolor will still offer the ability to record to one or several external disks, allowing subscribers the convenience and flexibility to tailor their recording capability for meeting their own requirements.

"This is another important milestone in our long-term relationship with Astro, which is a proof of the reliability and future proof of Technicolor's products and services" said Michel Rahier, President of the Connected Home Division at Technicolor. "We have been partnering for about 8 years now and it is a great pride to see our products sustaining Astro successful strategy in delivering high-quality services".

"We are happy that our customers are satisfied with our innovative high definition services. To this end we are pleased to continue our partnership with Technicolor, and look forward to more innovative range of set-top boxes" added Kong Futt Fong, SVP of Strategic Contracts of Astro.

Deliveries of the additional set-top boxes are currently underway, while at the same time Technicolor will continue providing locally-based and extensive logistics and after-sales support to Astro.

Technicolor's range of MediaPlay set-top boxes provide a wide array of services encompassing advanced functions such as multi-room and multi-screen, on demand, wireless streaming or Over-The-Top services. Truly committed to ecodesign, Technicolor puts environmental issues at the heart of the design process of all products within a complete product lifecycle approach.

About Technicolor

Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go.

Euronext Paris: TCH.

Technicolor and Astro reinforce their collaboration:

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Source: TECHNICOLOR via Thomson Reuters ONE


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