This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

UTStarcom Receives Innovation Award At CCBN Exhibition

Stocks in this article: UTSI

BEIJING, March 27, 2012 /PRNewswire-Asia-FirstCall/ -- UTStarcom Holdings Corp. ("UTStarcom" or "the Company") (NASDAQ: UTSI), a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and broadband for cable and telecom operators, announced today it has received the China Ministry of Science and Technology's Innovation Award for the Company's integrated IPTV broadcasting control platform. The platform was designed to meet the technology and service needs of China's Triple Network Convergence Policy, which promotes the convergence of cable, Internet, and voice networks. The award was presented during one of China's most influential trade shows for cable operators, the China Content Broadcasting Network ("CCBN") exhibition, in Beijing.

The Innovation Award recognizes innovative leaders within China's cable industry. UTStarcom was selected on the basis of its design concepts, cutting-edge technology, and superior technical support. This is the fourth time the Company has received the award.

"We are honored that the Ministry of Science has again recognized us in this way. A catalyst for our growth in the cable market in 2012 will continue to be China's push toward three network convergence," said UTStarcom President and CEO Jack Lu. "The 42 new trial cities for the second phase of the convergence plan, which were announced at the end of 2011, will open up additional market opportunities for us. Our focus on the cable market continues to pay off, achieving higher margins and greater sales order bookings in 2011. This award recognizes our strong capacity and competitive advantage in serving China's cable operators."

UTStarcom's IPTV broadcasting control platform can support the content distribution functions of IPTV, iDTV and Internet TV through multiple video devices such as TVs, PCs, tablets, and mobile phones. Among the 12 first-phase trial cities in 2010, the Company built six IPTV broadcast control platforms in Beijing, Hubei, Hunan, Shandong, Shenzhen and Sichuan. The Company also established platforms in Tianjin and Hangzhou, representing a significant share of the China cable market.

About UTStarcom Holdings Corp .

UTStarcom is a leading provider of interactive, IP-based network solutions in iDTV, IPTV, Internet TV and Broadband for cable and telecom operators. The Company sells its solutions to operators in both emerging and established telecommunications and cable markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to cost-efficient, end-to-end IP networks.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs