Effnet: Factum Electronics wins large Norwegian DAB Contract in Stiff Competition.STOCKHOLM, Sweden -- The Norwegian Broadcasting Corporation (NRK NRK Norsk Rikskringkasting (Norwegian State Norwegian Broadcasting Corporation) NRK Norsk Retrieverklubb (Norwegian Retriever Association) NRK Norsk Røde Kors (Norwegian Red Cross) ), the major TV and Radio broadcaster in Norway, is extending its broadcasting of DAB radio services to four new regions in Norway. Factum [Latin, Fact, act, or deed.] A fact in evidence, which is generally the central or primary fact upon which a controversy will be decided. Electronics AB, a subsidiary of Effnet Holding AB and a leading supplier of DAB/DMB systems, has strengthened its already strong market position by delivering equipment for this extension in stiff competition. The equipment supplied by Factum Electronics will include audio encoders, data broadcasting servers, ensemble multiplexers, management systems, and redundancy switches as well as a training program. ""DAB/DMB by Factum" is an established concept for user-friendly and flexible systems. Factum is not only offering the solutions to digital challenges, we are setting the standards and are leading the way for the new kind of radio," says Kenneth Lundgren, Managing Director, Factum Electronics AB. Factum Electronics has previously delivered similar solutions to broadcasters worldwide. So far this year, Factum Electronics has also taken part in several DAB/DMB tests around the world including test runs for T-DMB T-DMB Terrestrial Digital Multimedia Broadcasting broadcasting during the FIFA FIFA International Association Football Federation [French Fédération Internationale de Football Association] FIFA n abbr (= Fédération Internationale de Football Association) → FIFA f World Cup in Germany, T-DMB trials in Denmark and a DAB-IP/T-DMB trial in the UK. "We are very pleased to receive this repeat order from NRK. It is encouraging to note that both our Scandinavian neighbours, Denmark and Norway, are rolling out their DAB networks." concludes Hans Runesten, Chairman of Factum Electronics AB 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 Effnet Holding AB. About Factum Electronics AB and Effnet Holding AB (publ) Factum Electronics AB, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Effnet Holding AB (publ), is a world leader in the areas of DAB/DMB, Digital Audio/Multimedia Broadcasting, and NICAM NICAM near-instantaneous companding system: a technique for coding audio signals into digital form , digital stereo sound for television broadcasting. Factum Electronics develops and sells system solutions for signal encoding, decoding and processing and serves professional broadcasting customers in more than 40 countries. Additionally Factum Electronics develops and sells middleware for receiver chip manufacturers and test & monitoring equipment. For more information about Factum, please visit www.factum.se and more information about DAB/DMB is available at www.worlddab.org. Effnet Holding AB (publ)(STO:EFFN) is traded on the First North list of the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. , under the ticker (EFFN). For more information about Effnet Holding AB (publ), please visit www.effnetholding.se. This information was brought to you by Waymaker http://www.waymaker.net |
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