1,600 Homes Projected to Install Home Director Technology
Estimated Value of Agreement At $600,000 to $1,600,000
CAMPBELL, Calif., Dec. 17, 2007 (PRIME NEWSWIRE) -- Home Director, Inc. (OTCBB:HMDO), a provider of reliable infrastructure, entertainment, and control products for the Connected Home market, today announced that the Kingdom Heights development in Richmond & Rosenberg, Texas will be installing Home Director structured wiring enclosures in the 1600 homes planned for this development. The company estimates the value of the contract to range from $600,000 to $1,600,000 with shipments beginning immediately.
"Kingdom Heights will be a Fiber-To-The-Home (FTTH) community," said Mark Millis of Millis Group, the developer of Kingdom Heights. "As such, it is critically important that the triple-play services transition the 'Last 100 Feet' - from the fiber termination point outside the home to the telephones, TVs, and computers inside the home. Home Director is known for having reliable products that do just that."
"In addition," continued Mr. Millis, "with its Elite cover, Home Director allows more room for more upgrades than any other product on the market, and with its StraightShot enclosure, the wiring is clean and neat and that's a nice reflection on our community."
In a challenging market, developers can leverage the Fiber-To-The-Home model to increase their return on investment as well as to differentiate their homes to the consumers. "Our industry experience in technology and our understanding of the direction in which the market is heading creates a tremendous opportunity for us to work closer with developers to execute on the FTTH model," added Brent Bilger, Home Director's Chief Marketing Officer.
About Home Director:
Home Director (OTCBB:HMDO) delivers reliable infrastructure, entertainment, and control products for the Connected Home. The company's complete line of wired and wireless products provides affordable solutions to home entertainment, communications and comfort, and offers unique opportunities for networking within production home communities. Learn more about us on the web at www.HomeDirector.com.
The Home Director, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4230
Safe Harbor
This press release may contain forward-looking statements, including statements regarding the anticipated benefits from the selection of the Home Director products for the Kingdom Heights development. Such statements are based upon beliefs of, and information currently available to, the management of Home Director. The forward-looking statements reflect the current view with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the Home Director's industry, operations and results of operations and the success of the contemplated build out of this development. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. The company undertakes no obligation to update or revise any forward-looking statement contained in this press release for events or circumstances after the date on which such statement is made, except as required by law.