MILPITAS, CA--(Marketwire - Sep 4, 2012) - Sigma Designs (NASDAQ: SIGM), a leading provider of System-on-Chip (SoC) solutions for home entertainment connectivity and control, has announced that Televes, a leading European Set-Top Box (STB) manufacturer, has selected httv's "httvBOX" turn-key solution based on Sigma Designs' SMP8670 SoC for its free-to-air hybrid STB (set-top box). The device will debut at the 2012 IBC show in Amsterdam 6-11 September 2012, and is the first Hybrid Broadcast Broadband TV (HbbTV) deployment based on the Sigma SoC. The advanced, cost-effective solution is targeted at the HbbTV and hybrid DVB-T/IP markets.
A major new pan-European initiative, HbbTV is aimed at uniting the broadcast and broadband delivery of entertainment to the end user through connected TVs and STBs. Powered by Sigma Designs' SMP 8670 chipset, consumers purchasing HbbTV devices will have access to new services from entertainment providers such as catch-up TV, video on demand (VoD), interactive advertising, personalization, voting, games and social networking, among many other features.
Spain-based Televes is the first set-top-box manufacturer to use the combination of Sigma's SoC and the HbbTV turn-key solution. The initial deployment is targeted to the growing hybrid market in Europe. With Httv's expansion plans for Russia and Asia, all three companies are well positioned to take full advantage of new market opportunities.
"Televes is excited to partner with Sigma Designs and httv in our Zas Hbb set-top box," said Sergio Martin, Communications Director at Televes Corporation.
"We are thrilled to announce the first deployment of an STB incorporating the Sigma-based 'httvBOX' solution, which offers best in class performance for interactive broadcast standards such as HbbTV," said Waheed Rasheed, VP of Marketing at Sigma Designs. "Our open framework SDK solution for SMP8670 that supports QT-Webkit enabled the fast port of httvBOX middleware, and the partnership between Sigma Designs and httv has resulted in a highly interactive and cost-effective hybrid solution to the fast growing European FTA market."
"We are excited that our collaboration with Sigma Designs is starting to bear fruit with the release of Televes' newest STB -- the first device based on our httvBOX middleware," said Bernard Dupin, CEO of httv group. "HbbTV is a fast-growing standard, and we look forward to uncovering new opportunities for this technology in the European market with Televes and Sigma Designs."
A demonstration of the Sigma Designs/httv solution can be seen at IBC booth #BM7 and BM8 at the RAI, Amsterdam. For more information, visit www.sigmadesigns.com.
About Sigma Designs
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, DTV, connected media players, residential gateways, home control systems and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Sigma Designs, Secure Media Processor, and the Sigma Designs logo are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the anticipated features and benefits of Sigma's products and solutions as well as the market opportunities for Sigma's products and solutions. Actual results may vary materially due to a number of factors including, but not limited to, Sigma's ability to deploy and achieve market acceptance for Sigma's products and solutions in its target markets, including the set-top box market, the ability of its SoCs to compete with other technologies or products in these markets as well as other risks that are detailed from time to time in Sigma's SEC reports, including its report on Form 10-Q as filed June 7, 2012. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. Sigma undertakes no obligation to publically release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.