|By Marketwired .||
|September 13, 2013 04:00 AM EDT||
MILPITAS, CA -- (Marketwired) -- 09/13/13 -- Sigma Designs® (NASDAQ: SIGM), a leading provider of System-on-Chip (SoC) solutions for home entertainment, control, connectivity and converging multimedia delivery, has today announced that Novabase, the Portuguese leader in IT and Digital TV solutions in more than forty countries, has selected Sigma Designs' SMP8674 media processor for its next generation for Set Top Box (STB) products.
The SMP8674 will enable Novabase to meet the strong market demand for hybrid broadcast and IP set-top boxes in various form factors including HDMI stick. Novabase chose the Sigma SMP8674 media processor because of the SoC's:
- Ability to deliver full media processing while remaining to be a low power solution
- Positioned at a competitive price point
- CAS (Conditional Access System) capability, including those from Nagravision and Verimatrix
"The SMP8674 is a great solution for our new System-in-Package (SiP) products to integrate in our client Set Top Boxes. Market demand for smaller devices is growing rapidly and we needed a market-ready solution that provides users with exactly what they need in their homes," explains Michael Pauli, Novabase executive. "With the new low power Sigma media processors and platform SDK we are able to provide state-of-the-art products for cost sensitive developing countries."
The Sigma SMP8674 presents a highly-integrated, low-cost option for IPTV, hybrid set-top boxes and thin clients, making it an ideal end-to-end solution for service providers. The new hybrid-oriented Software Development Kit (SDK) supports OpenTV5 from Nagra, HbbTV middleware from HTTV and has an optimized HTML5 framework. The SMP8674 is a good choice for service providers seeking advanced technology within a compact, affordable and user-friendly product. The SMP8674 media processor is in mass production.
Mustafa Ozgen, vice president and general manager Home Multimedia for Sigma Designs, said: "The SMP8674 gives Novabase the ability to develop unique technology with a highly competitive edge in a growing market, where footprint, power, performance and cost are important differentiators."
See the Novabase dongle using the SMP8674 at IBC Amsterdam, 12-17th September 2013, on the Sigma Designs Booth No.: BM7 (Hall 1, Balcony)
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.
Over its 24-year history, Novabase has become the Portuguese leader in IT. It has been listed on the Euronext Lisbon stock exchange since 2000.
Its turnover in 2012 was EUR 212 million, 29% from outside of Portugal, with business in more than 40 countries and 9 different time zones. Novabase has offices in Germany, Spain, France, the Middle East, Mozambique, Angola and Portugal. It boasts more than 2,000 talented and dedicated employees of 17 different nationalities.
Novabase's vision is to make life simpler and happier for people and businesses, through technology. Engineering and management combine with human sciences and design to create solutions focused on people.
In the past 3 years, it has invested more than EUR 25 million in research & development for specialized products and services in the Telecoms & Media, Financial Services, Government, Healthcare & Transportation, Energy & Utilities and Manufacturing & Services sectors. Its current business lines are Business Solutions, Infrastructures & Managed Services and Venture Capital.
Please visit http://www.novabase.pt/ for additional information.
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. Actual results may vary materially due to a number of factors including, but not limited to, general economic conditions, including the rate of adoption of Sigma's SMP8674 media processors, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, 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 quarterly report on Form 10-Q as filed June 13, 2013. 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 publicly 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.