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RGB Networks Achieves Record Growth and Profitability in 2010 with Key ‘Three Screen’ Wins

13th January 2011

RGB Networks

ES Admin

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RGB Networks, the leader in high-capacity three screen video delivery solutions, today announced its outstanding company and financial achievements for 2010, which position the company for continued success in 2011. RGB achieved record growth in 2010 with a 60 percent increase in shipments over 2009 and was profitable in the year. The company ended 2010 with record backlog and experienced positive cash flow from operations. Since inception, RGB has shipped nearly $200 million in products and services to over 200 cable, telco, satellite, over-the-top (OTT) and mobile operators in more than 30 countries.

/> “RGB Networks had a tremendous 2010 despite a weak global economy. This success is due in equal parts to sound business execution and having a unique solution that meets the needs of an expanding market at just the right time,” said Jef Graham, CEO of RGB Networks. “RGB is addressing the challenges of both traditional video service providers, as well as the telco and mobile ‘video newcomers’ worldwide. As these operators deploy services to TVs, PCs and mobile devices, the need – and demand – for our integrated three screen transcoding and advertising solutions grows, which makes us confident of continuing our success in 2011.”

TV Everywhere is fast becoming a reality as service providers are racing to deliver video to PCs and mobile devices with the same quality as they do to televisions. A 2010 report from the analyst firm TDG declares that “the era of multi-screen TV delivery is upon us” and that three screen services have quickly gone from the drawing board to being at the top of service providers’ to do lists. One of the keys to delivering a commercial-grade TV Everywhere service that offers both live and on-demand programming is the real-time transcoding of video content into thousands of individual video streams optimized for TVs, PCs and mobile devices. Accomplishing this in an easily scalable and cost-effective manner is precisely what RGB has focused on in the development of its comprehensive three screen solutions.

“The proliferation of TV Everywhere services is right around the corner as cable, telecom, over-the-top and mobile operators are striving to deploy services as quickly as they can, which makes three screens a tremendous opportunity for companies like RGB Networks with carrier-grade transcoding solutions,” said Yoav Schreiber, Senior Analyst, Digital Media Infrastructure, with the analyst firm Current Analysis. “With a track record of success with major cable operators worldwide, RGB is well positioned to expand its business with telecom and mobile carriers as they look for solutions to expand their video services to new devices.”