TiVo and Pace Announce First Pace Product With TiVo Software
TiVo and Pace Announce First Pace Product With TiVo Software Integration
Pace XG1 Multi-Tuner Video Gateway to Offer 6 Video Tuners, Integrated DOCSIS 3.0 and Support for TiVo Whole Home Solution
BOSTON, MA -- (Marketwire) -- 05/21/12 -- TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in advanced television services, including digital video recorders (DVRs), for consumers, content distributors and consumer electronics manufacturers, and Pace (LSE: PIC), a leading developer of technologies, products and services for global broadband and broadcast markets, today announced details of the first product, the Pace XG1, resulting from a global partnership TiVo and Pace announced in February 2012 to develop flexible, advanced television solutions for operators. This new Multi-tuner Video Gateway from Pace will provide cable operators in the Americas an advanced television solution for their customers by bringing to market the full award-winning TiVo experience on powerful, new platforms designed to be easily integrated with today's cable networks.
The Pace XG1 includes 6 video tuners, an integrated DOCSIS 3.0 modem, and at least 500GB of on board hard drive storage. It will utilize TiVo's whole-home capabilities, such as multi-room streaming and support for both traditional set-top boxes and IP devices as clients over MoCA, and support for TiVo's mobile and tablet applications.
David Sandford, Vice President and General Manager of TiVo's Service Provider Business, said, "This partnership will make the TiVo experience easily accessible to more cable operators than ever before. It will provide operators a best-in-class advanced television solution that they can quickly and cost-effectively deploy and will serve as the gateway to a rapidly expanding choice of content across multiple screens through TiVo's whole-home solutions."
Tim O'Loughlin, President of Pace Americas, stated, "There is no denying that the current climate for operators is immensely competitive, and we have been hearing more and more frequently from this community that TiVo is a user experience that they want to offer. We are excited this partnership has yielded a product that will harness the very best of traditional television and broadband delivered content into a seamless, enjoyable package across multiple Pace platforms and customer owned devices."
As previously announced, this initial offering will first be made available by Pace to cable operators in the Americas later this year. TiVo and Pace also expect to follow the XG1 with additional solutions for domestic and international operators soon after.
Additional specifications of the Pace XG1 include:
-- 3000+ DMIPS host processor -- Support for 6 QAM channels -- Expandable memory up to 2 GB of DRAM, 512MB of Flash and 4 GB of unprotected non-volatile memory -- MoCA 2.0 -- Interfaces include HDMI 1.4, USB 2.0 -- RCA connectors for CVBS and L/R audio along with a CH 3/4 RF output with BTSC stereo audio, and an optical S/PDIF interface -- Options include component video and a 1394 port
U.S. operators currently deploying TiVo offerings to their customers include Charter, DIRECTV, RCN, Suddenlink and Grande Communications, and European operators include Virgin Media, the largest cable operator in the UK, and ONO, the largest cable operator in Spain.
TiVo and Pace unveiled details about the Pace XG1 at the 2012 NCTA Cable Show in Boston. For more information visit the TiVo booth #1859 and Pace booth #1653 located in the main exhibit hall.
About TiVo Inc. Founded in 1997, TiVo Inc. (NASDAQ: TIVO) developed the first commercially available digital video recorder (DVR). TiVo offers the TiVo service and TiVo DVRs directly to consumers online at www.tivo.com and through third-party retailers. TiVo also distributes its technology and services through solutions tailored for cable, satellite and broadcasting companies. Since its founding, TiVo has evolved into the ultimate single solution media center by combining its patented DVR technologies and universal cable box capabilities with the ability to aggregate, search, and deliver millions of pieces of broadband, cable, and broadcast content directly to the television. An economical, one-stop-shop for in-home entertainment, TiVo's intuitive functionality and ease of use puts viewers in control by enabling them to effortlessly navigate the best digital entertainment content available through one box, with one remote, and one user interface, delivering the most dynamic user experience on the market today. TiVo also continues to weave itself into the fabric of the media industry by providing interactive advertising solutions and audience research and measurement ratings services to the television industry www.tivo.com
TiVo and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. Copyright 2012 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.
About Pace Pace (LSE: PIC) creates technologies, software, hardware and services for the broadcast and broadband industries. Pace solutions empower cable, telco and satellite operators to simply and cost-effectively innovate at the speed they want, in the way they want for their subscribers. Pace has built up its experience and expertise over 30 years and this is recognized by a customer base of over 160 operators around the globe.
Headquartered in the UK, Pace operates in markets across the world, and employs around 2300 people in locations that also include the USA, France, India and China. For more information on Pace, please visit www.pace.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo and Pace's intention to provide the Pace XG1 to cable operators in the Americas. Forward-looking statements generally can be identified by the use of forward-looking terminology such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include delays in development, competitive service offerings and lack of market acceptance, as well as the other potential factors described under "Risk Factors" in the Company's public reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2012. The Company cautions you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof. TiVo disclaims any obligation to update these forward-looking statements.
Contact: Erik Milster For TiVo Inc. (212) 446-1866 firstname.lastname@example.org
Ashley Glover For Pace Americas Inc (561) 809-8136 email@example.com