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FOR
IMMEDIATE RELEASE
InnoMedia And Cheung Kong
Subsidiary
In Major Business Tie-Up To Go Global
InnoMedia to provide videophones for business
and home users
Singapore- January 5, 2004 -
InnoMedia Pte Ltd,
a leading supplier of Internet and broadband
access IP telephony solutions, has signed a second partnership agreement
with VideoFone Company Limited, a subsidiary of Cheung Kong (Holdings) Limited,
to provide a complete IP videophone network solution for a Broadband network.
This partnership agreement sets the framework for InnoMedia to provide VideoFone
with IP products and solutions on a worldwide basis.
In addition to providing
the videophones, the InnoMedia solution includes highly scalable call
agents, termination gateways, network management elements and a comprehensive
provisioning system that enables true plug-and-play on complex IP terminals.
InnoMedia
signed its first agreement with VideoFone in August 2003 to provide videophones
to the Hong Kong market. Targeted at both business and residential customers,
the Vfone service is made available through an end-to-end
solution which originated from InnoMedias core technology. Vfone
is provided by CK Communications and Hutchison Global Communications Limited.
Our partnership with VideoFone, CK Communications
and Hutchison marks the culmination of years of R&D, internal and
commercial trials, laboratory tests and interoperability studies across
varied technological platforms. More importantly, this interoperability
studies across varied technological platforms. More importantly, this
marks another important win for InnoMedias partnership with carriers
and service providers. The alliance with best-of-class partners validates
InnoMedias technological leadership in providing distinctive IP
products and solutions, said Mr. Ng Kai Wa, co-founder and chief
executive officer of InnoMedia.
Video Telephony is a very new market with huge potential.
However, technology and industry standards today have not addressed the
various critical requirements and operational needs for any service provider
to roll out large-scale service. InnoMedia has eight years of experience
providing IP communication terminals to service
providers for mass market deployment. We bring with us a wealth of operational
know-how and technological expertise to design end-to-end solutions that
meet industry standards and enable operators to offer services quickly
and efficiently to capture the early market, added Mr. Ng.
As technology advances, basic audio calls can no longer
fully satisfy the increasingly sophisticated communications needs. We
are very excited with the launch of Vfone, as it revolutionizes
the mode of telephone communications by broadening and deepening the communications
experience for both residential and business users. Regardless if you
are calling a business partner in China or a loved one overseas, the
quality of communications is greatly enhanced with the added visual element.
In addition, the videophone will be able to link up with 3G enabled phones
in the future, says Mr. Gerald Ma, Director of CK Communications
Limited.
InnoMedia has done an outstanding job in designing
and customizing a complete end-to-end video telephony solution for our
rollout and we are very impressed by InnoMedias technical competence
and capabilities. We are confident that this partnership will be fruitful
for all parties, added Mr. Ma.
As one of the early pioneers in the IP telephony market,
InnoMedia has taken an end-to-end systems approach to deliver advanced
and innovative customer premise equipment as well as network server products
for converged IP networks. InnoMedias groundbreaking technologies
have been granted 11 patents with over 30
additional patents pending or in process. In addition, InnoMedia has received
25 industry awards for its technologies and products.
About InnoMedia
Founded in 1995, InnoMedia is a privately held multinational organization
with operations in the United States, Singapore, Taiwan and China. The
company delivers Internet and broadband access IP telephony solutions
to broadband service providers, as well as OEM and distribution partners.
InnoMedia has the most advanced, awardwinning portfolio of IP telephony
solutions available in the market today, delivering high-quality voice
and video over any IP network. Ng Kai Wa, a co-founder of InnoMedia, was
formerly a co-founder and CTO of Creative Technology. During the first
half of 2000, InnoMedia raised US$119.5 million in funding. For more information
on InnoMedia, visit the companys website at www.innomedia.com.
About CK Communications
Founded in 2000, CK Communications Limited, a subsidiary of Cheung Kong
(Holdings) Limited, specializes in research and development with an aim
of leveraging and enhancing the latest communications technologies for
new product applications. The companys particular focus lies in
the commercialization of technical products to bring new dimensions to
communications. Through the collaboration of partnership with innovative
technology players or carriers within and beyond the Cheung Kong Group,
CK Communications provides convergence of needdriven, user-friendly and
cost-effective communications solutions into everyday life. In addition
to Vfone, products and services launched by CK Communications
include Powercom and the Net-Infinity Data Centre.
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InnoMedia and the
InnoMedia logo are trademarks of InnoMedia Incorporated
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