Seven consecutive quarters of double digit growth, reaffirms Technicolor's leadership in the Connected Home market
PARIS, April 2, 2014 (GLOBE NEWSWIRE) -- Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) shipped its 300 millionth CPEs (Customer Premises Equipments), consisting primarily of digital set top boxes and broadband gateways, in 2013, with more than 60 million featuring carrier grade Wi-Fi. Technicolor shipped its first digital set top boxes to DirecTV in 1994. In 2013, Technicolor shipped 32.5 million CPEs to its diversified customer base around the world.
After seven quarters of organic double-digit growth, Technicolor reaffirmed its worldwide market leadership in home CPEs, ranking number one in gateways and number two in set top boxes. In 2013, Technicolor introduced a number of next generation products to address the needs of its customers in a rapidly changing market, as Ultra HD and Wi-Fi become ubiquitous.
"2013 was a pivotal year as the worldwide industry moved ahead with more innovation. Technicolor's has a strong presence in emerging countries, yet more than 50% of the gateways shipped were ultra-broadband (Fiber, VDSL or DOCSIS 3.0), and more of 50% of our set top boxes were HD capable" said Pascal Portelli, Technicolor Senior Vice President, Solutions Strategy & Portfolio Management, Connected Home division. "Going forward, we expect an accelerated pace of innovation, with Ultra HD, HEVC and Wi-Fi 802.11ac becoming mainstream. In addition, home CPEs will start delivering over 1Gbps on wired networks, and increasingly use wireless access technologies like LTE".
Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go.
Euronext Paris: TCH Ÿ www.technicolor.com
Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in the USA on the OTCQX marketplace (TCLRY).
Press: +33 1 41 86 53 93
Investor relations: +33 1 41 86 55 95
Sources: Infonetics, Dell'Oro Group and Screen Digest