Optibase (ticker: OBAS), a provider of advanced digital video solutions, announced today that its encoders are enabling IPTV in Tangshan, China. This comes on the heels of other contract wins in China. Here are related quotes by CEO Uzi Breier from the company's Q4 2004 conference call:
On the latest China contract wins:
Another exciting win was China Central Television, CCTV. China's national TV station has integrated three of Optibase products to create a system for real time, ad insertion, play-outs, monitoring, and archiving of broadcast material for North American digital head-end.
Additionally, China Live selected Optibase advanced video encoding and streaming platforms to enable live delivery of company meetings to its 2,000 branches. We believe that our recent refocusing activities, coupled with our technological leadership and strong financial provision, will ultimately make Optibase more competitive and better able to capitalize on the significant growth opportunities that lies ahead.
(Quotes are from the CCBN StreetEvents transcript.)