TV/COM signs agreement with Telepiu to market DBS-3001 digital satellite receiver in Italy.

SAN DIEGO--(BUSINESS WIRE)--May 22, 1997--

Under the Hyundai brand, the set-top receiver is the first to

incorporate the revolutionary OpenTV software for unlimited

flexibility and downloadable applications

Enhancing its position as the world leader in supplying open architecture delivery solutions for television via cable, satellite and PC, TV/COM International Inc., a subsidiary of Hyundai Electronics, Thursday announced that it has signed an agreement with Telepiu, the Italian pay-TV company.

Under the terms of the agreement, TV/COM will supply, before its debut and exclusively to the Italian market, DVB MPEG-2 digital satellite receivers under the Hyundai brand. The receivers are the first to incorporate the OpenTV system, which is highly adaptable and enables downloading new management software from satellites.

"Our agreement with Telepiu signifies our continued technological research and development in the field of digital satellite receivers," said Bob Luff, president and CEO of TV/COM. "Italy is a key market in our global strategy. We are extremely satisfied with the agreement signed with Telepiu and absolutely certain that the relationship will permit us to successfully launch on the Italian market the most advanced and complete digital satellite receiver."

The Hyundai digital satellite receiver was developed in order to completely satisfy the current and future requirements of Telepiu, as well as those of the general Italian consumer. In fact, the Hyundai DBS-3001, besides enabling access to the Telepiu platform's channels, is capable, thanks to the multinetwork system, of storing up to six alternative networks, including MEDIASET and RAI.

Its V32.1 modem, ergonomic design and SCASI serial interface enable the Hyundai receiver to handle its audio/video sources and interface with PCs for interactive applications, including the Internet.

The distribution of Hyundai satellite receivers was entrusted to Tele System, a leading manufacturer of parabolic antennas, already the exclusive one for the KATHREIN, CITYCOM and RADIX trademarks. The third-generation Hyundai DBS-3001 receiver will be available on the Italian market as of the end of May through the retail dealer network put together by Tele System.

For additional information: Tele System Electronic, Milan Commercial Headquarters, telephone: [phone].

Information about HEA and TV/COM

Hyundai Electronics Industries Co. Ltd. (HEI) was founded in 1983. Today, it is one of the largest semiconductor memory manufacturers in the world. HEI's parent company is Hyundai, Seoul, Korea, an $83 billion corporation involved in more than 40 business areas, ranging from fabrication, petrochemicals, engineering and construction, to automobiles, finance, insurance and securities.

Hyundai Electronics America (HEA), a subsidiary of HEI, combines many business divisions that include computer systems, telecommunications products, systems ICs and MPEG chips. HEA has headquarters at 3101 N. First St., San Jose, Calif. 95134.

Founded in 1973, TV/COM was acquired in 1995 by Hyundai Electronics America (HEA) and is a subsidiary of HEA. The company's products include digital compression systems, headend equipment, conditional access systems, scrambling/encryption systems, digital set-top boxes, near video-on-demand (NVOD) servers and software for subscription, pay-per-view and interactive entertainment.

TV/COM is uniquely positioned in the direct broadcast satellite (DBS) industry to provide all of the components needed for a true end-to-end solution from the silicon technology to the set-top box. For more information about TV/COM or its products, contact: Andrea LaVorgna at 17066 Goldentop Road, San Diego, Calif. 92127, Phone: [phone]. Fax: [phone]. -0- NOTE: All trademarks or registered trademarks are the property of their respective owners.

CONTACT: TV/COM, San Diego

Andrea LaVorgna, 619/618-4813

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