Stockholm, November 10, 2003 - Acreo AB, a leading Swedish research company, has ordered network equipment from Net Insight (SX: NETI B), a leading provider of broadband infrastructure technology, for testing of qualified TV and video services. In a new network operating in and between the cities of Hudiksvall and Stockholm, Acreo will evaluate various transport technologies for tomorrow’s demanding network traffic, such as broadband TV, video-on-demand, high-speed Internet and IP telephony. The equipment will be delivered at the end of November and Net Insight will also actively support the project with expertise and training.
“TV and video services over broadband is an area where operators around the world can find new revenue streams,” says Magnus Breidne, Project Manager at Acreo. “The goal of the project is to gain a better understanding of which services will drive development and what demands these will make on network infrastructure.”
The broadband project is being financed by VINNOVA/the Swedish Ministry of Industry, Employment and Communications and Svenskt Näringsliv (Confederation of Swedish Enterprise) with the objective of creating a domestic platform for cost-effective delivery of video, data and telephony services to homes and businesses. This close collaboration between the business, academic and public sectors is aimed at promoting research and development of products and services so that Sweden can defend its leading position in the broadband and IT area.
“We are very excited to be participating in Acreo’s project and look forward to the mutual exchange of knowledge this will generate,” says Tomas Duffy, CEO of Net Insight. “Furthermore, their work in interoperability between new network technologies, such as GMPLS, is an effort that is very much in our interest.”
For more information, please contact:
Tomas Duffy, CEO, Net Insight AB
Phone +46 8 685 04 00, e-mail: tomas.duffy@netinsight.net
Magnus Breidne, Vice President and Project Manger, Acreo AB.
Phone +46 632 77 11, e-mail: magnus.breidne@acreo.se
About Net Insight
Net Insight develops video and data networking equipment that combines 100% QoS with maximum network utilization and multicast to provide a network with superior efficiency. Our customers benefit from significantly reduced CAPEX and OPEX, which protects and enhances their existing infrastructure investment while providing the ability to launch new TV and video related services. Net Insight is quoted on the Stockholm Stock Exchange´s O list and has offices in Sweden and the USA. For more information, visit www.netinsight.net
About Acreo
Acreo is a Swedish company that provides contract R&D and production resources for new innovative products in microelectronics and optics. The company contributes to increased growth and entrepreneurship by refining and transferring research results into viable products and processes in this field. Specific areas of interest are Socware, Broadband technology, Organic informatics, Imaging and support to SMF. Acreo AB is owned by FMOF (the Association for Microelectronic and Optical Research and the government holding company IRECO. For more information visit www.acreo.se