Technicolor establishes market leadership with industry’s first major 4K Set Top Box deal.
Paris (France) May 14, 2014 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces an agreement with Tata Sky, India’s leading direct to home (DTH) service provider and HD market leader, to provide 4K Set Top Boxes in volume early 2015. The Technicolor product is the first 4K Set Top Box to be shipped in volume and underscores Technicolor’s leadership in delivering content with the highest image quality.
This agreement is the result of a long, strategic relationship with Tata Sky dating back to 2005, and a Technicolor 4K roadmap of solid technical innovation including 4K trials that have gone on around the globe. Technicolor is gearing up to deliver the most immersive 4K experience on the market. Technicolor is building on its compression and color science to deliver an augmented content experience capable of delivering Hollywood-grade picture quality to viewers.
“Technicolor once again leads the market in landing the first high-volume deal to deliver 4K Set Top Boxes to consumers. This deal further solidifies our leadership in the 4K marketplace,” said Michel Rahier, President Connected Home. “With the promise of an unparalleled immersive viewing experience and the predicted rapid growth of the 4K market, this agreement is a valuable strategic business opportunity for Technicolor and our long term partner, Tata Sky.”
“4K is an important milestone in Tata Sky's product portfolio and we are confident of the timing and quality of delivery because of our partnership with Technicolor” said Harit Nagpal, CEO Tata-Sky.
Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. www.technicolor.com
Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (TCLRY).
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