MB Tech Completes Tests of 'Metabox' for U.S. Market.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- MB Tech Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). : MBTT MBTT Mavis Beacon Teaches Typing (software) ) announced today that it has successfully tested Metaware's "Metabox" in Las Vegas during the Consumer Electronics Show.
Metabox is the trade name of Metaware's branded line of 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. solutions which are designed for multiple satellite and cable solutions. The products range in capability and functionality from a basic receiver tuner to high-end digital DVR (1) (Digital Video Recorder) A device that records video onto a hard disk from one or more ceiling mounted video cameras. Part of a security system, the DVR typically supports 4, 8 or 16 separate camera channels. and gaming combinations.
The Metabox tested in Las Vegas was for the free-to-air satellite receiver tuner using a 36-inch parabolic par·a·bol·ic also par·a·bol·i·cal
1. Of or similar to a parable.
2. Of or having the form of a parabola or paraboloid. dish antenna, and was able to recognize and display the intended free-to-air satellites in use over North America.
"This is important as Metaware plans to market its Metabox products in the United States and throughout North America where prior to now they have operated primarily in Europe, Asia and the Middle East," said Hanwook Bae, president of MB Tech.
MB Tech recently announced an agreement to acquire an interest in Metaware.
Metaware Co. Ltd. is a digital telecommunications company headquartered in Anyang City, South Korea. Metaware, with approximately 120 employees in five countries, is the maker of various digital set-top box solutions and other products for the cable and satellite industry.
Metaware has been in business since 1996 as a pioneering company in the digital television delivery revolution. Information about Metaware's management, facilities and products can be found on its Web site at www.metaware.co.kr.
MB Tech serves the satellite television market as a provider of hardware and bundled solutions, and is expanding to serve the satellite radio and military hardware and solutions sectors. MB Tech manufactures, distributes and/or markets several proprietary solutions that differentiate it from competitors, including active and non-active auto-tracking (portable and stationary) flat antennas, a mobile phased shift array antenna, and a marine antenna.
MB Tech pioneered advancements like the dual-horn LNB LNB Low Noise Block
LNB Laredo National Bank (Texas)
LNB Low Noise Block downconverter (satellite television)
LNB Low NOx Burner
LNB Lubbock National Bank (Texas) , which allows multiple set-top boxes to be connected to a single satellite dish, enabling viewing of multiple channels simultaneously on different television monitors, and a tri-horn LNB, which provides the ability to download signals from multiple satellites over a single dish. Information about MB Tech is available at their Web site at www.mbtech.co.kr.
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. Act Disclaimer
The statements contained in this press release and the statements that the company representative has made orally in connection with this release are not historical fact and are "forward-looking" statements within the meaning 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. Actual financial and market performance results may differ materially from those mentioned in the forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.