Blonder Tongue Receives $4.1 Million Purchase Commitment for New EdgeQAM Product
April 28 2010 - 5:14PM
Business Wire
Blonder Tongue Laboratories, Inc. (NYSE Amex: "BDR") today
announced that it has received a firm $4.1 Million purchase
commitment for the first member of its EdgeQAM family of products
(the EQAM-400) from World Cinema Inc., an industry leader in
supplying Free-to-Guest digital and HD television to the
hospitality market. The order is for product shipments in the
second and third quarters of 2010, during which time the EQAM-400
will be exclusive to World Cinema. Future purchase commitments by
World Cinema would allow them to extend this exclusivity
arrangement.
The EQAM-400 product accepts high definition (HD) content
received by satellite via its IP Gigabit Ethernet (GbE) input, adds
content protection by utilizing Pro:Idiom™ encryption, and QAM
modulates it for distribution over standard coax networks. The
EdgeQAM product further enhances Blonder Tongue’s portfolio of high
definition and standard definition digital encoders developed over
the past year. World Cinema’s purchase commitment does not apply to
future EdgeQAM product releases unrelated to the EQAM-400
application, several of which, are presently in development and
expected to be released this year.
“We are very pleased to have received this significant order for
the EQAM-400 from World Cinema, one of the premier providers of
television programming to the hospitality market. Development of
this product has been a priority in Blonder Tongue’s R&D
strategy this past year, a strategy that has been fully validated
by the World Cinema purchase,” said Bob Palle, President of Blonder
Tongue. “This purchase commitment, along with the system’s other
ancillary products, could result in as much as $8 Million of
product sales during 2010,” he added.
“We’re sold on the EQAM-400 technology as the best solution for
our application. With it, we can offer as many HD channels as our
clients desire to offer to their guests,” stated Mark Hunker, World
Cinema, Inc. Senior Vice President.
About Blonder Tongue
(www.blondertongue.com)
Blonder Tongue Laboratories, Inc. provides professional
solutions for content contribution, distribution and video delivery
to the home or business serving cable, broadcast, satellite, IPTV,
institutional and professional video markets. With nearly 60 years
of experience, the company designs, manufactures, sells and
supports an equipment portfolio of digital and core analog video
solutions, as well as high speed data and telephony for
distribution over coax, fiber and IP networks.
About World Cinema
(www.worldcinemainc.com)
World Cinema is the largest, privately held Free-to-Guest
digital and HD television provider in the United States. Founded in
1974, World Cinema has become an industry leader in delivering
Direct Broadcast Satellite (DBS) television service to over 500,000
hotel guestrooms. In addition, World Cinema serves hospitals,
assisted living facilities, military bases and apartment complexes
nationwide. Currently serving over 4,000 properties, with a
customer base that spans the United States, Puerto Rico and the US
Virgin Islands. World Cinema has the largest network of field
technicians nationwide to provide prompt, reliable customer
service. This extensive network of highly trained technicians
combined with high-end digital satellite equipment ensures the
hotel guests’ maximum entertainment pleasure.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: The information set forth above includes
“forward-looking” statements and accordingly, the cautionary
statements contained in Blonder Tongue’s Annual Report and Form
10-K for the year ended December 31, 2009 (See Item 1: Business,
Item 1A: Risk Factors and Item 7: Management’s Discussion and
Analysis of Financial Condition and Results of Operations), and
other filings with the Securities and Exchange Commission are
incorporated herein by reference. The words “believe”, “expect”,
“anticipate”, “indications”, “should”, “project”, and similar
expressions identify forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which reflect management’s analysis only as of the date
hereof. Blonder Tongue undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances
that arise after the date hereof. Blonder Tongue’s actual results
may differ from the anticipated results or other expectations
expressed in Blonder Tongue’s “forward-looking” statements.
NOTE TO EDITORS: For additional information visit Blonder
Tongue’s website, or call Blonder Tongue at (732) 679-4000.
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