Samsung and Charter Form Strategic Partnership
January 06 2005 - 12:00PM
PR Newswire (US)
Samsung and Charter Form Strategic Partnership Two-Way Digital
Cable NIU Joint Development and Promotion Based on Samsung
Electronics' Expandable Home Theater (XHT) Platform, NIU Compliant
With CEA-2027 -- A Standard of The Consumer Electronics Association
LAS VEGAS, Jan. 6 /PRNewswire/ -- Samsung Electronics and Charter
Communications, Inc. (NASDAQ:CHTR) today announced a strategic
partnership for the joint development and promotion of Two-Way
Digital Cable TV. Gee Sung Choi, CEO & President of Samsung
Digital Media Group, and Carl Vogel, Charter President and CEO,
signed a Memorandum of Understanding (Samsung-Charter Two Way
Digital Cable NIU Joint Development and Promotion) to cooperate on
developing the technology and collaborate on marketing efforts to
accelerate the sale of digital TVs embedded with XHT bi-directional
digital cable receivers and compliant devices (XHT HDTV and other
XHT related devices). (Photo:
http://www.newscom.com/cgi-bin/prnh/20050106/NYTH031 ) Through this
agreement, both companies intend to deploy a low-cost Network
Interface Unit (NIU) and XHT HDTV that would enable two-way digital
cable services, including IPG (Interactive Program Guide), iPPV
(impulse Pay Per View) and VOD (Video on Demand), to increase the
number of Charter High Definition Digital Cable Customers. The
joint development and promotional efforts regarding the XHT HDTV
are expected to accelerate the provision of Charter High Definition
Digital cable services, as well as increase the market share of
Digital TVs for Samsung Electronics in the North American market.
XHT is a home networking technology that incorporates the use of
IEEE1394 (called Firewire) cable that securely transmits multiple
HD signals, respects DRM (Digital Right Management) and utilizes an
Internet communication protocol in order to easily control and
simply access to multiple HDTVs and audio/video devices with a
single remote control. According to Gee Sung Choi, "XHT is
technology that can revolutionize the concept of next generation
digital TV. Through this joint effort with Charter, Samsung will
help to accelerate the provision of North American HD digital cable
service and take the leadership position in deploying the XHT
technology which is the core technology in digital TV networking."
"Through this strategic alliance, both Charter and Samsung are
leveraging our positions as global leaders in the deployment of
Digital TV and Interactive Services," Mr. Vogel said. "Our
objective is to increase the number of Charter High Definition
Digital Cable Customers. Acceleration of the sale of digital TVs
embedded with XHT bi-directional digital cable receivers and
compliant devices, widely believed to be the next generation
digital network technology, will help us achieve this objective."
About Samsung Electronics America, Inc. Headquartered in Ridgefield
Park, N.J., Samsung Electronics America, Inc. (SEA), a wholly owned
subsidiary of Samsung Electronics Co., markets a broad range of
award-winning, advanced digital consumer electronics, information
systems and telecommunications products. The SEA organization
oversees the North American operations of Samsung's Consumer
Electronics Division, Information Technology Division, Samsung
Telecommunications America, Samsung Electronics Canada and Samsung
Electronics Mexico. Please visit http://www.samsung.com/ for more
information. About Samsung Electronics SAMSUNG Electronics Co.,
Ltd. is a global leader in semiconductor, telecommunication,
digital media and digital convergence technologies with 2003 parent
company sales of US$36.4 billion and net income of US$5.0 billion.
Employing approximately 88,000 people in 89 offices in 46
countries, the company consists of six main business units:
Corporate Technology Operations, Digital Appliance Business,
Digital Media Business, LCD Business, Semiconductor Business and
Telecommunication Network Business. Recognized as one of the
fastest growing global brands, Samsung Electronics is the world's
largest producer of color monitors, color TVs, memory chips,
TFT-LCDs and VCRs. About Charter Communications Charter
Communications, Inc., a broadband communications company, provides
a full range of advanced broadband services to the home, including
cable television on an advanced digital video-programming platform
via Charter Digital(TM) and Charter High-Speed(TM) Internet
service. Charter also provides business-to-business video, data and
Internet protocol (IP) solutions through Charter Business(TM).
Advertising sales and production services are sold under the
Charter Media(R) brand. More information about Charter can be found
at http://www.charter.com/.
http://www.newscom.com/cgi-bin/prnh/20050106/NYTH031 DATASOURCE:
Samsung Electronics CONTACT: Marion Corrigan of HWH PR,
+1-212-355-5049, , for Samsung Electronics; Dave Mack of Charter
Communications, Inc., +1-303-323-1392 Web site:
http://www.charter.com/ http://www.samsung.com/
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