Acquisition Extends Leadership Position in OFDM Technology to Digital Video
Concord, ON – September 15, 2000 – Unique Broadband Systems, Inc. (CDNX: UBS), a leader in high-speed wireless transmission solutions, today announced that it has closed its transaction to purchase ProTelevision Technologies A/S based in BrØndby, Denmark (PTV). PTV, a pioneer and leading provider of studio and transmission products to the television and broadcast transmission industries, will operate as a wholly owned subsidiary of UBS.
“The completion of this transaction represents a significant strategic acquisition for UBS,” said Alex Dolgonos, President and CEO of UBS. “From a product perspective, there are synergies between UBS and PTV that will improve our ability to capitalize on global opportunities in the broadband wireless market. This acquisition also improves our sales and marketing position, giving UBS access to PTV’s international customer base and sales and distribution network throughout the world.”
UBS plans to continue PTV’s operations out of its head office and ISO 9001 certified manufacturing facility located in BrØndby, Denmark, as well as out of its sales offices located in the US, Singapore, the UK, France, Italy, Germany and Denmark.
“PTV is very excited about joining the UBS family,” said Jacob Perch Nielsen, Managing Director of PTV. “The acquisition by UBS gives PTV access to additional engineering, sales and marketing leadership, as well as access to additional products, technologies and customers.”
With the completion of this acquisition, UBS now has in excess of 150 employees (including more than 80 engineers) and offices in the United States, Canada, Russia, Singapore, the UK, France, Italy, Germany and Denmark.
“This acquisition reinforces our vision of becoming the world-wide leader in high-speed mobile and fixed wireless transmission solutions,” added Dolgonos. “We are very focused on this objective and understand that to realize our vision, we must continue to deliver leading edge Orthogonal Frequency Division Multiplex (OFDM) solutions to the market. This will be done through continued growth of R&D resources and strategic acquisitions of companies, such as PTV, which bring products and expertise that help move UBS towards achieving this goal.”
OFDM enables high quality, high capacity distribution of audio, video, data and other forms of information and multimedia in a mobile and/or fixed wireless environment. This leading edge technology is viewed by the industry as the best method to deliver high-speed wireless services, especially for mobile applications.
“With the contract awarded by Hughes Network Systems earlier this year (which is, to date, the industry’s single largest OFDM contract ever awarded) and the completion of this acquisition, management has demonstrated its ability to execute on the strategy that will enable UBS to achieve its vision of becoming the leader in OFDM-based wireless solutions,” said Stephen Rosen, CFO of UBS.
About Unique Broadband Systems, Inc.
Unique Broadband Systems, Inc. (UBS) is recognized worldwide as a leader in the design, development and manufacture of high-speed mobile and fixed wireless transmission solutions, including systems based on OFDM technology. UBS focuses on high-speed mobile solutions (DAB, SDARS and High-Speed Mobile Multimedia) and fixed wireless multimedia (MMDS, MVDS and LMDS). In February 2000, UBS was awarded the industry’s single largest OFDM contract to date to develop and supply a terrestrial network based on COFDM technology. In September 2000, UBS acquired ProTelevision Technologies A/S based in BrØndby, Denmark (PTV). Through PTV, UBS is now a leading provider of studio and transmission products to the television and broadcast industries, specializing is DVB-T transmission based on OFDM technology. A commitment to research and innovation has enabled UBS to expand its position in the growing markets of digital radio, satellite digital radio, digital video broadcast and the transmission of wireless mobile and fixed multimedia. The company’s extensive product line is combined with system design, installation, maintenance and technical support to provide customers with total end-to-end system solutions. UBS has offices in the United States, Canada, Russia, Singapore, the UK, France, Italy, Germany and Denmark.
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