Orcadian Engy Regulatory News (ORCA)

18 Aug 2005 07:01

Orca Interactive Ltd18 August 2005 For immediate release: Thursday, August 18, 2005 ORCA INTERACTIVE LIMITED Orca Wins Agreement with Leading European Broadband Operator Orca Interactive (LSE: ORCA), a global market leader in developing applicationsfor IPTV, announces that it has signed an agreement to provide its IPTVmiddleware to a Western European telecommunications and data transmissioncarrier which is aiming to launch an IPTV service by the end of the currentyear. The IPTV solution will be provided by a coalition of companies, led by aEuropean systems integrator. Under the terms of the agreement, Orca will sell licenses for its RiGHTv IPTVmiddleware platform to the carrier service provider. The operator has committedto purchasing 150,000 Orca licenses over a three year period. 60,000 of theselicenses will be purchased in the current financial year. The contract isexpected to generate multi million Euro revenues to Orca over the next threeyears and will contribute to this year's revenues. Haggai Barel, CEO, Orca Interactive, said, "I am delighted to be able toannounce this win with a significant European player. This deal has been wonthrough one of Europe's leading System Integrators and validates our strategy ofbuilding partnerships with the industry's biggest and best integrators andvendors." Further details on the agreement are expected to be announced in due course. For further information: Haggai Barel +972 9769 9400 CEO, Orca Interactive James Melville-Ross / Cass Helstrip +44 20 7831 3113 Financial Dynamics About Orca Interactive Orca Interactive (LSE-ORCA) is a leading provider of IPTV middleware andapplications for broadband network operators and service providers. Orca enablestriple-play providers to deliver a full array of attractive video-over-IPservices that generate new revenue streams and strengthen customer loyalty.Leveraging a flexible telco-grade middleware platform, Orca empowers operatorsto deliver broadcast TV, video on demand (VOD), personal video recording (PVR),home media and other compelling interactive services. Orca's SI-enabledsolutions are designed for easy outsourcing of integration services by anoperator's preferred systems integrator. Orca has formed strategic partnershipswith leading players across the IPTV value chain to ensure best-of-breedsolutions with low total cost of ownership. For more information, please visithttp://www.orcainteractive.com/ This information is provided by RNS The company news service from the London Stock Exchange