Eagle Broadband and MOTEC Announce Additional Media Pro Deployments in European Retirement Communities.Business Editors/High-Tech Writers LEAGUE CITY, Texas--(BUSINESS WIRE)--June 2, 2003 Eagle Broadband (AMEX AMEX See: American Stock Exchange :EAG EAG - Extended Affix Grammar ), a leading supplier of broadband products, services and content, announced today that its BroadbandMagic subsidiary has sold additional set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. units to MOTEC N.V., a Belgium-based technology provider. Eagle's new Media Pro units are being deployed in retirement communities throughout Europe as part of a project funded by the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EU) to provide connectivity, security and communications capabilities to the growing elderly population. This new deployment will continue the testing of new software and services offered by MOTEC to its clients. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jon Hayden, president of Eagle Broadband's etoolz R&D subsidiary, "The Media Pro's television-based graphics and superior multimedia capabilities make it ideal for today's senior citizens and serve as a vital introduction to the benefits of modern computing. Initially, users follow simple directions that allow them to communicate via video conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. with doctors, social coordinators and each other. They're also able to activate "panic buttons" that are wirelessly connected to the set-top boxes." William Bottledoorn, general manager for MOTEC N.V., noted, "The Media Pro provides our system a hardware platform that is very complementary to our software suite. The capability to display our interface in a familiar, television-based menu allows us to make the system extremely user-friendly and we're excited about the potential market penetration we can achieve with the full-featured Media Pro. Once the Media Pro becomes a standard appliance in these communities, we'll begin acclimating the users to the system's added features -- e-mail, video mail and shopping on-line -- and we'll open the door to a whole new niche for broadband services." Bottledoorn went on to note that while the slowdown in the European economy has delayed the full implementation of the program to date, the company has requested and received a quote for a substantial additional number of Media Pro set-top boxes in anticipation of a turnaround in the near future. About Eagle Broadband Eagle Broadband, Inc., and its subsidiaries are leading suppliers of broadband products, services and content. Eagle also has extensive "last mile" cable and fiber installation capabilities and provides complete IT business integration and enterprise management solutions to Fortune 1000 companies. As the leading provider of Fiber-to-the-Home (FTTH (Fiber To The Home) See FTTP. ), Eagle provides residential communities with Bundled Digital Services (BDS BDS abbr. Bachelor of Dental Surgery BDS Bachelor of Dental Surgery BDS n abbr (= Bachelor of Dental Surgery) → tÃtulo universitario BDS (SM)) packages that include cable-style television over fiber, high-speed broadband Internet connectivity and security monitoring services. The company also markets structured wiring, home automation products, home theater entertainment centers, communication systems and security systems to homebuilders nationwide as well as to its contracted BDS communities. The company is headquartered in League City, Texas, south of Houston, near the NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Johnson Space Center. Further news updates on Eagle Broadband, its products and services are available at www.eaglebroadband.com, www.broadbandmagic.com, www.atlanticpacific.com, www.etoolz.com and www.ucgi.com. Forward-looking statements in this release regarding Eagle Broadband, Inc., its subsidiaries and MOTEC N.V. are made pursuant to the "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. " 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition, new products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. |
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