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Tvia Streaming-Media Processor Used by Leading Video-On-Demand Manufacturer
New Video-On-Demand Service to Be Available to Chinese Cable Subscribers
SANTA CLARA, Calif.--(BUSINESS WIRE)--May 1, 2001--Tvia, Inc. (Nasdaq:TVIA - news) today announced that PrediWave Corporation is incorporating Tvia's CyberPro™ 5000 family of streaming media processors in its coaxial, cable-based video-on-demand (VOD)/digital broadcast (DB) set-top boxes.
Tvia believes that the use of its products by PrediWave will enable new interactive services and platforms for PrediWave's coaxial, cable based VOD/DB set-top boxes. PrediWave currently holds several patents on hardware and software for end products that deliver personal video services (PVS) incorporating VOD, DB, digital video recorder (DVR) and distance learning services.
Typical VOD requires service providers to create an expensive highway of two-way network infrastructure. Now, PrediWave believes that its subscribers will enjoy the benefits of VOD over almost any network, including cable television (CATV) and digital broadcast services (DBS).
"We believe that PrediWave's technology will permit DBS and CATV broadcasters to deliver digital VOD, DB and DVR services to networks with millions of subscribers, even on the current one-way infrastructure. The technology is a good example of how interactivity is being developed worldwide,'' said Vahe Akay, Tvia's Vice President of Marketing. "We believe our streaming media processors are a necessary design ingredient that will enable the simultaneous display of broadcast television and Internet content into homes in China and eventually worldwide.''
PrediWave believes that its VOD alternative can save Chinese cable service providers and subscribers a substantial amount of money. ``The ability to deliver VOD for the mass market has been elusive,'' said Tony Qu, President of PrediWave Corporation. ``Employing Tvia's CyberPro streaming media processor along with our proprietary technology can let us share new technologies and communication tools with the rest of the world. PrediWave's solution is targeted at dense population areas like medium-sized and big cities.''
"We anticipate that deployment will start in the third quarter of 2001 in several major cities in China, including Beijing. We successfully finished several field tests in December 2000 and March 2001, in the real operating environment of the Beijing Cable TV network, which has millions of subscribers,'' Mr. Qu concluded.
Tvia CyberPro™ Product Family
The CyberPro 5000 family of streaming media processors is intended for the design of broadband digital set-top boxes and digital television. The CyberPro 5000 offers enhanced text, audio, animation and video processing engines. The CyberPro 5000 includes two video ports for two simultaneous video streams. It also features a hardware magnified view of Web pages on television, and a flexible transparency algorithm for blending multiple video, text, graphics, and on-screen animation.
About PrediWave Corporation
PrediWave was founded by a team of pioneers who have developed state-of-the-art products including CATV /DBS Video-On-Demand set-top boxes, that enable the convergence of video-on-demand (VOD), digital television and CATV / DBS broadcast technologies.
The mission is to provide the best and most affordable VOD solution. PrediWave's unique and highly scalable solution will permit a large number of clients to enjoy VOD services on current one-way systems. PrediWave provides complete turnkey solution including VOD / Digital Broadcast servers, MPEG encoders, Subscription Management System, digital VOD set-top boxes, headend CMTS, maintenance and technical training. For more information visit http://www.prediwave.com/.
About Tvia, Inc.
Tvia, Inc. designs, develops and markets high-performance streaming media gateway integrated circuits for the Internet appliance, set-top box and digital television markets. Tvia's semiconductor solutions, together with its proprietary software, process rich content streams available on the broadband network and enable customers to have a customized and interactive television experience.
Except for historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the ``safe harbor'' provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, but are not limited to, statements as to the expected use of Tvia's CyberPro 5000 family of products by PrediWave, the expected deployment and availability of PrediWave's products incorporating Tvia's processors and the anticipated features, benefits and results of the use of Tvia's products by PrediWave. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to product capabilities, Tvia's and PrediWave's ability to meet shipment timetables, the ability of PrediWave to incorporate Tvia's processors in its products, the impact of alternative technologies and competitive products and other risks detailed from time to time in Tvia's SEC reports, including its Quarterly Report on form 10-Q for the quarter ended December 31, 2000. These forward-looking statements speak only as of the date hereof. Tvia disclaims any intent or obligation to update these forward-looking statements.
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