Building Upon Its Success With North American Service Providers, Entropic Brings MoCA, the De-facto Wired Home Networking Technology, to Europe as the Best Way for Extending Broadband Connectivity Throughout the Home
AMSTERDAM, Netherlands, Sept. 8, 2012 (GLOBE NEWSWIRE) -- IBC2012, Entropic Meeting Suite G106/107 -- Entropic Communications, Inc. (Nasdaq:ENTR), a world leader in semiconductor solutions for the connected home, announced today multiple Ethernet-to-Coax Adapters (ECAs) are using its MoCA® (Multimedia over Coax) silicon and software to support service providers throughout Europe. At this week's IBC2012, at the RAI Amsterdam in Meeting Suite – G106/107, the Company is showing new Entropic-powered ECAs from Asheridge Communications and Hirschmann Multimedia BV, as well as the Entropic-enabled Samsung MoCA-based gateway that is being deployed for a major European service provider this year.
Availability of Entropic-based ECAs shortly follows the Multimedia over Coax Alliance's June 2012 announcement that MoCA technology is now being trialed by six service providers in Europe. The strong interest for MoCA in Europe comes at a time when MoCA is increasingly being perceived by service providers worldwide as the most reliable in-home wired communication backbone for a hybrid home network that is required to handle an ever-increasing variety of media services and applications. This finding coupled with Infonetics Research's June 2012 Home Networking Device report, recognizes "MoCA-embedded set-top boxes, FTTB optical network terminals, coax-Ethernet adapters and Wi-Fi broadband routers are driving growth in the home networking device market."
The growth of tablets and other devices in the home has created a need for additional connectivity options to ensure a reliable whole-home wired backbone network. Infonetics expects a cumulative $43 billion to be spent on home networking devices over the five years from 2012 to 2016 to meet service provider home networking needs.
ECAs and STBs that include Entropic's MoCA technology enable consumers to enjoy new home networking services like streaming video-on-demand, multi-room DVR (mDVR) and catch-up TV as well as provide the best possible experience when streaming over-the-top content from services like Netflix, LoveFilm, and BBC, among other providers.
- Al Servati, vice president, Marketing, Connectivity Products Group at Entropic Communications: "Europe is following the same path as the U.S. with respect to increases in HD attach rates, convergence of broadcast and IP video, and growth in DVR penetration and usage. As the number of TVs per household rise in Europe, we believe the ECA market will represent the first wave of MoCA-enabled solutions for service provider networks. This will be followed by MoCA being incorporated into cable modems, routers, gateways/clients among other devices."
- Jason Dando, business development manager at Asheridge: "With the Internet in most homes being shared and used for different purposes by different family members in different rooms, the strains and consistency placed on Wi-Fi and other home networking transport solutions are immense. The echoBox, based on Entropic's MoCA silicon and software, uses a media-centric model where demands can be placed upon it in various rooms without any detriment to the signal quality, ensuring the media in the living room works as smoothly as it does in the bedroom, kitchen and study."
- Eric van den Boogaard, chief commercial officer, Hirschmann Multimedia B.V.: "We expect the demand for MoCA-based peripherals to continue to increase globally as operators roll-out new entertainment services that require high-end in-home networking devices. Our new Hirschmann ECA dramatically increases the speed and performance at which multimedia content can be shared room-to-room, providing consumers an unparalleled user experience."
For more information on Entropic's Connectivity solutions, visit Entropic at IBC2012 in Meeting Suite G106/107 at the RAI Amsterdam, or visit: http://www.entropic.com.
About Entropic Communications
Entropic Communications, Inc. (Nasdaq:ENTR) is a leading global provider of silicon and software solutions to enable connected home entertainment. The Company transforms how traditional HDTV broadcast and streaming video content is seamlessly, reliably, and securely delivered, processed, and distributed into and throughout the home. Entropic's next-generation home connectivity and set-top box system-on-a-chip (SoC) solutions enable Pay-TV service providers to offer consumers a more captivating whole-home entertainment experience by delivering new, high-performing ways to connect, engage, and enjoy multimedia content. For more information, visit Entropic at: www.entropic.com.
The Entropic Communications logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4255
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements regarding Entropic's Connectivity/Adapter solutions, its related prospects, its role in the future of home networking and statements regarding our customers'/partners' leadership in delivering devices in conjunction with Entropic products or in any of the applications or markets mentioned herein, and statements regarding the anticipated benefits from the collaboration between Entropic and any of its ECA customers/partners. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Entropic's and/or its ECA customers'/partners' actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, the success of the collaboration between Entropic and any of its ECA customers/partners, which will depend, in part, on each company continuing to devote sufficient resources to achieve the goals of the collaboration; the ability of both Entropic and any of its ECA customers/partners to successfully address technical challenges and introduce new and enhanced products on a timely basis; risks associated with market acceptance of new products developed by Entropic and its ECA customers/partners; the risk associated with market acceptance for the device; the effect of intellectual property rights claims; the effects of competition, including the risk that other wireline or wireless technologies may achieve greater market acceptance than solutions developed by Entropic or its ECA customers/partners; and other factors discussed in the "Risk Factors" section of Entropic's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012. All forward-looking statements are qualified in their entirety by this cautionary statement. Entropic and its ECA customers/partners are providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
Copyright © 2012 Entropic Communications, Inc. All rights reserved. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
Entropic Investor Contact:
Entropic Media/Industry Analyst Contact: