CLARIFICATION of BW2065, PA-UNIVERSAL-ELECTRONICS.Business Editors CLARIFICATION... by Universal Electronics Inc. TREVOSE, Pa. & CYPRESS, Calif.--(BUSINESS WIRE)--Oct. 25, 2000 The headline of BW2065, (PA-UNIVERSAL-ELECTRONICS) is clarified as follows: Worldgate, Universal Electronics Team Up to Download Interactive Services to Mosaic Touch Screen Remote Effort strengthens leadership of both companies in Internet-TV service access via cable UEI's Mosaic will allow cable subscribers to personalize per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. WorldGate interactive services, without a PC, in the palm of their hand WorldGate Communications Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : WGAT) and Universal Electronics Inc. (UEI UEI Universal Electronics Inc. (Cypress, California) UEI United Education Institute UEI Unified Emulator Interface UEI Unit Effectiveness Inspection UEI Unión de Estudiantes Independientes ; NASDAQ: UEIC UEIC Universal Electronics Inc. (stock symbol) UEIC United East India Company UEIC Unplanned Event Information Center ) today announced a joint development effort to enable UEI's wireless handheld touch screen device, MosaicTM, to be embellished to download and personalize WorldGate's interactive-TV services through digital interactive cable set-top boxes. "MosaicTM should significantly enhance the value proposition to cable operators because it allows the packaging of interactive-TV services in an easily downloaded format that can be personalized by subscribers," said Hal Krisbergh, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of WorldGate. "For consumers, WorldGate offers an easy, affordable way for non-PC households to access the Internet to try e-mail and other interactive services - all through their digital cable set-top boxes and with no additional hardware investment," Krisbergh added. "We are delighted to apply Mosaic'sTM patented features, including two-way communications technology and learning, to potentially have the capability of helping subscribers of WorldGate-equipped systems to easily navigate their way interactively between TV programming and commerce sites, right in the palms of their hands," said Camille Jayne, UEI chairman and CEO. "Via MosaicTM's 4.6-inch touch screens, subscribers would be able to access WorldGate's patented channel-hyperlinking to visit expanded programming or advertising content, or for e-commerce," Jayne said. The second-generation MosaicTM will work with current- and next-generation digital interactive cable boxes available from the leading set-top box manufacturers to facilitate interactive services. The back-lit handheld device also includes UEI's `home theater' of IR operating codes - drawn from a database of approximately 100,000 of the IR device codes that actually make the remote operation of cable boxes, TVs, VCRs, audio equipment and other electronic components possible. The ergonomically designed MosaicTM can set up any combination of 15 device types with up to 38 keys per device. Equipped with UEI's proprietary learning capability and help screens, MosaicTM also allows users to add functions from other remotes, assign those functions a special key, label the key, and place it on the screen of their choice. About WorldGate WorldGate Communications, Inc., a global interactive TV solutions provider for the cable television industry, offers a full line of Internet-based, hi-speed interactive and enhanced television Enhanced Television (ETV) is a collection of specifications developed under the OpenCable project of CableLabs (Cable Television Laboratories, Inc.) that define an ETV Application consisting of resources (files) adhering to the Enhanced TV Binary Interchange Format (EBIF) content services. WorldGate's CableWare 2000 SM is an open-standards middleware platform designed for current-generation and advanced digital converters. It supports interactive applications, video-on-demand, electronic programming guides, and Internet TV (1) Watching TV programs on or from the Internet. There are countless video clips available on Web sites for streaming as well as subscription services that offer TV programs and movies for downloading. and enhanced TV Enhanced TV (ETV) is one example of interactive TV. It is used in particular in reference to Two-Screen Solutions TV + PC services. Generally users of these ETV services have their TV and computer in the same room, and navigate their web browser to a particular program-specific Web . CableWare's eTV application provides viewers synchronized syn·chro·nize v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es v.intr. 1. To occur at the same time; be simultaneous. 2. To operate in unison. v.tr. 1. graphic overlays to live video and instant access to related programming and advertising Web sites. WorldGate is deployed, has agreements to deploy or is in trials to deploy its service with 34 multiple system operators in 17 countries worldwide, including four of the top six MSOs in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . WorldGate is headquartered in Trevose, Pa., a suburb of Philadelphia. About Universal Electronics Universal Electronics Inc., based in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , develops software, and builds and markets pre-programmed, easy-to-use wireless control devices and chips principally for home entertainment equipment and the subscription broadcast market. The company's product lines include such wireless interface technologies as combination keyboard/remotes and touch-screen remotes. UEI licenses its patented technologies and database of infrared codes to companies selling into the cable and satellite industries, and to original equipment manufacturers. The company also sells its universal remote control products to distributors and retailers in Europe, Asia, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Australia under the One For All(R) brand name. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development, ordering, delivery and market acceptance of products and technologies identified in this release, maintaining the exclusivity identified in this release, and other factors described in the companies' filings with the Securities and Exchange Commission. The actual results that the companies achieve may differ materially from any forward-looking statement due to such risks and uncertainties. The companies undertake no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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