Charter Communications Selects Liberate Software In Deployment of Interactive Cable Television Services.Business Editors & High-Tech Writers ST. LOUIS--(BUSINESS WIRE)--March 29, 2001 Vision of Television Portal Services, Including Internet Access See how to access the Internet. and E-mail, To Be Realized Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. , Inc. (Nasdaq:CHTR CHTR Charter CHTR Canadian High Temperature Research ) today announced the selection of Liberate Technologies (Nasdaq:LBRT LBRT Little Black Rubber Thingy LBRT Low Buck Racing Team ) open standards-based software in their rollout of interactive cable television services to advanced set-tops. Stephen Silva, Charter Senior Vice President of Corporate Development and Technology, said Liberate was chosen because Liberate TV Platform(TM) software has a proven record of success in the delivery of interactive services to more than one million customers 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. and Europe. "The success Liberate has achieved with their open standards-based software clearly demonstrates an ability to provide interactive services and content," Mr. Silva said. "We're already running Liberate software on advanced Motorola set-tops in a pilot program in St. Louis. The results we've achieved clearly demonstrate their ability to efficiently add new services and content easily. I'm excited to work with them in realizing our vision to provide television portal services to our customers, including Internet access and e-mail," he continued. "Charter will maintain their industry leadership in the deployment of advanced products by offering its customers compelling interactive television services built around the proven Liberate software platform," said Mitchell Kertzman Mitchell Kertzman is a venture capitalist with Hummer Winblad Venture Partners, and former CEO of Sybase, Powersoft, and Liberate Technologies. [1] References 1. ^ Hummer Winblad biography of Kertzman , 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 Liberate Technologies. "Their selection of Liberate clearly demonstrates that our proven, open standards-based platform, delivers a solution that cable operators like Charter need now, and are not finding elsewhere." Mr. Silva said Charter digital customers in St. Louis with Liberate-enabled Motorola DCT (Discrete Cosine Transform) An algorithm that is widely used for data compression. Similar to Fast Fourier Transform, DCT converts data (pixels, waveforms, etc.) into sets of frequencies. The first frequencies in the set are the most meaningful; the latter, the least. 5000 set-tops will initially have Internet access, the TV Guide Interactive programming guide, and television-based e-mail and interactive television portal services developed and supported by digeo, inc. Charter customers will also have access to advanced video systems with RealSystem G2 based content through the Liberate TV Navigator(TM) client software. Mr. Silva said Charter will integrate services of existing business partners, including Wink Communications and Diva Systems, for the purpose of providing interactive programming and video-on-demand services, respectively, through its television portal. About Charter Communications Charter Communications, a Wired World(TM) company, is among the nation's largest broadband communications companies with nearly 7 million customers, after giving effect to a pending acquisition from AT&T Broadband. Charter provides a full range of advanced broadband services to the home, including cable television under the Charter Cable TV brand; advanced digital video programming services under the Charter Digital Cable(TM) brand; and high-speed Internet See broadband. access via Charter Pipeline(TM). Charter is the 2001 recipient of the Outstanding Corporate Growth Award from the Association for Corporate Growth and the 2000 Innovator Award for Technology from Cablevision Magazine. More information about Charter can be found at www.charter.com. About Liberate Technologies Liberate Technologies is the leading provider of a complete software platform for delivering Internet-enhanced content and applications to information appliances, such as television set-top boxes and game consoles. Liberate's Internet-based client and server software allows network operators to provide consumers access to network operator-branded applications and services. Headquartered in San Carlos, California San Carlos is a city in San Mateo County, California, USA on the San Francisco Peninsula, about halfway between San Francisco and San Jose. It is an affluent small residential suburb located between Belmont to the north and Redwood City to the south. , the company has sales offices in the U.S., Canada, Japan and the U.K. Liberate, Liberate TV Platform, Liberate TV Navigator, and the Liberate logo are trademarks of Liberate Technologies. All other trademarks are the property of their respective owners. Statements in this press release regarding Charter Communications' business that are not historical facts may be "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. ." Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from any such forward-looking statements are identified in the reports and documents Charter files from time to time with the U.S. Securities and Exchange Commission. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under 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: Information in this release that involves Liberate's expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Liberate as of the date of the release, and Liberate assumes no obligation to update them. These statements are not guarantees of future performance, and actual results could differ materially form Liberate's current expectations. Liberate's filings with the Securities and Exchange Commission (SEC) (including its Form 10Q filed on January 12, 2001) discuss factors that could contribute to such differences and describe other risks of Liberate's business. |
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