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 InnoMedia’s 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 InnoMedia’s partnership with carriers and service providers. The alliance with best-of-class partners validates InnoMedia’s 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 InnoMedia’s 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. InnoMedia’s 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.
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 company’s website at www.https://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 company’s 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 need driven, 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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