Comcast And SAMSUNG Announce Digital Set-Top Box Purchase Agreement

Comcast And SAMSUNG Announce Digital Set-Top Box Purchase Agreement

Samsung Electronics and Comcast Corporation (NASDAQ: CMCSK, CMCSA) have announced a multi-year digital cable set-top box purchase agreement. Beginning in 2007 Comcast will purchase 200,000, and subject to the satisfaction of certain conditions, an additional 500,000, OpenCable™™ Application Platform (OCAP™) compliant digital cable set-top boxes that will be capable of running Advanced Video Codecs such as all facets of MPEG- 4 including H264 as well as MPEG-2. In addition, these devices are designed to leverage DOCSIS 2.0 and USB 2.0 to enable advanced interactive applications.

These devices are part of Comcast’s newly developed series of digital cable set-top boxes, referred to as “RNG,” which are the result of Comcast’s efforts to develop next-generation devices that bring greater efficiencies to today’s cable infrastructure while adding advanced functionality. Byoung Youl Yu, EVP at Samsung Electronics, Co., Ltd., added, “Samsung is eager to demonstrate our commitment to deploy a new generation of set-top box solutions. We are delighted to play an integral role in this fascinating move forward in quality video technology offerings by Comcast.”

Steve Silva, EVP of New Business Development for Comcast, said, “This agreement with Samsung underscores our commitment to providing consumers with an outstanding home entertainment experience. These all-digital boxes will offer customers the advanced services that our industry-leading interactive network makes possible, including video on demand, and the ability to integrate with other consumer media devices.”

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