Humax Enters Residential Gateway Market

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• Publié par: humax-americans-regional-headquarter
• Nombre de lectures: 15
• Langue: English

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Humax Enters Residential Gateway Market

PR Newswire

GYEONGGI, South Korea, July 9, 2012

- By acquiring a 21.98% stake in residential gateway provider MMC Technology,

Humax becomes the largest shareholder and reinforces the company's

marketing position of "Home Gateway Server" solutions.

GYEONGGI,

South Korea

,

July 9, 2012

/PRNewswire/ -- Humax (115160.KQ), a

global leading set-top box manufacturer, announced that the company has

become the largest shareholder of MMC Technology, a residential gateway

provider, with a 21.98% stake by acquiring an additional 8.8% stake. In doing

so, Humax will enhance the company's "Home Gateway Server" platform, with

MMC Technology expertise in Wi-Fi and residential gateway solutions to expand

its presence in the residential gateway markets with US service providers.

Humax initially invested in MMC Technology in 2001, and with this additional

investment expects to advance its home gateway server technology, develop a

next generation set-top box platform, as well as expand the company's

business activities in the residential gateway market.

A residential gateway is a system that connects various devices to a home

network and also links external access from service providers to support a

variety of services, including voice, data, and video.

Humax's strategy is to become a leader in the market by introducing the

advanced technology and expertise of MMC Technology in home gateway

server market where the existing broadcasting industry has been turning its

attention to broadcasting services on broadband technology. Recently, the

home gateway server market has been drawing more interest from the

advanced broadcasting in US and EU markets which are expected to take off

within one to two years.

Furthermore, Humax, along with MMC Technology, plans to enter the emerging

market where the demand of residential gateway products is continuously

increasing and as the internet penetration rate grows. The company then plans

to expand its business to the US,

Latin America

, and EU markets. MMC

Technology's products, which mainly focused on the Korean domestic market,

will be able to swiftly enter the global market thanks to the Humax global brand

awareness. Humax also has an excellent opportunity to expand its business

presence to the residential gateway market.

CEO of Humax, Dae-Gyu Byun, said, "For more than 15 years, MMC Technology

has accumulated and established technological expertise in the residential

gateway market. This advanced know-how will become leverage for us to find a

new market for our home gateway server, which is the next generation set-top

box."

MMC Technology, established in 1997, provides Wi-Fi Access Points (AP) and Wi-

Fi Modules to major Korean internet service providers (ISP) and navigation

manufacturers. The company recorded

KRW 17 billion

of sales last year, and

has KT, SK Telecom, SK Broadband, CJ HelloVision and THINKWARE as major

clients.

About Humax

Humax Co., Ltd. (Humax), founded in 1989 in

South Korea

, is one of the world's

largest manufacturers of digital set-top boxes, exporting its products to over 90

countries around the globe. The company has built a solid reputation as a

leading supplier of high quality, feature-rich digital TV set-top boxes and digital

video recorders (DVRs), for cable, satellite, and terrestrial, IPTV, and IP-Hybrid

broadcasting. Humax is positioned as a leading brand of set-top-boxes in retail

markets in UK,

Germany

, and the

Middle East

. As a leading brand, Humax

participated in the digital switchover projects, Freeview HD and Freesat digital

TV service in the UK. Also in 2009, Humax launched the IP-Hybrid platform in

Germany

. In the

Middle East

, Humax continues to expand its reputation by

leading the HD switchover movement. The company's headquarters and R&D

facilities are based in Korea, with 16 subsidiary offices worldwide including UK,

US,

Germany

,

France

,

Dubai

,

Italy

,

Japan

,

India

,

Thailand

,

Brazil

and

Australia

.

Humax exceeded

KRW 1 trillion

in revenue in 2010 and employs more than 830

people worldwide. For more information, please visit www.humaxdigital.com.

About MMC Technology

MMC Technology, headquartered in

Seoul, South Korea

, was founded in 1997

as a provider of residential gateway with high-technology in Wi-Fi network

systems. MMC Technology provides products, such as residential gateway and

access point (AP) for Wi-Fi hot spot, to domestic major telecommunications and

cable companies, as well as Wi-Fi module to smart devices manufacturers,

including navigation and industrial PDA. Its major clients are KT, SK Telecom, SK

Broadband, CJ HelloVision, THINKWARE. For more information, please visit

http://www.mmctech.com

Press Contact: O.J. Kwon

[phone]

[e-mail]

Investor Contact: Joanne Lee

[phone]

[e-mail]