Entropic Communications Reports Fourth Quarter and Fiscal Year 2009 Results

Wednesday, February 3rd, 2010 
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SAN DIEGO — Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon and software solutions to enable connected home entertainment, today reported its fourth quarter and fiscal year results for the period ended December 31, 2009. Entropic reported fourth quarter net revenues of $35.1 million, an increase of 13 percent compared with $31.0 million in the third quarter of 2009 and an increase of 19 percent compared to $29.5 million reported in the fourth quarter of 2008.

Deployments

  • Announced Entropic silicon has been selected by DIRECTV, the world’s largest DBS service provider, for integration into set-top boxes (STBs) that deliver a new-generation of coax-based networking capabilities such as multi-room viewing. By adopting Entropic’s field-proven technology based on the Multimedia over Coax Alliance (MoCA) standard, DIRECTV will soon enable its subscriber base of 18 million to easily share high-quality, high-definition digital entertainment and data throughout the home over the existing coax cable infrastructure. Deployments are expected to begin in the first quarter of 2010. DIRECTV is the first satellite operator to deploy MoCA enabled technology and its selection is indicative of the growing adoption of MoCA over competing technologies for the cable, telco and satellite markets.
  • Announced Entropic silicon has been selected by Pace Americas for its Network Attached Storage (NAS) device, a key piece in Pace’s new Home Content Sharing solution, which is in field trials with cable operators including Buckeye Cablevision. Pace’s Home Content Sharing solution represents a new paradigm in multi-room DVR (MR-DVR) by providing centralized storage that enables multiple non-DVR STBs in the home to access and share recorded content. The initial group of cable operators and industry cooperatives working with Pace opens up a target market of up to 26 million subscribers for this new technology.

Technology/Partner/Customer News

  • Announced Skyworth, a leading Chinese set-top box and TV manufacturer, has selected Entropic’s Broadband Access solution to develop an Ethernet over Coax (EoC) solution that will deliver high performance, scalable “last kilometer” connectivity to multiple dwelling unit (MDU) apartments in mainland China. Skyworth showcased the EoC solution during the International CATV Technology Conference (ICTC) held October 26 through October 28, 2009 in Hangzhou, China.
  • Announced Advanced Digital Broadcast (ADB), a leading supplier of technology to the global digital television industry, introduced the industry’s first MoCA® 1.1 certified cable set-top box. Powered by Entropic’s EN2210/EN1010, MoCA compliant chipset, the ADB-6882CDMX is designed specifically for Multiple System Operators (MSOs) to offer new home networking options to their subscribers.
  • Partnered with Wistron NeWeb (WNC), an industry leader in the design and manufacturing of advanced wireless communications, to showcase the WNC 4-Port Ethernet-to-Coax Bridge (ECB) using MoCA home networking technology at the Consumer Electronics Show in Las Vegas, Nevada, January 7-10, 2010. The WNC 4-Port MoCA Bridge makes it possible for consumers to connect an entire home theater to the Internet using the existing coax cable within the home. The ECBs are currently in production and are expected to be available to consumers via retail outlets in the second half of 2010.
  • Partnered with Atheros to demonstrate the ease with which two technologies can coexist to distribute multimedia to any room of the home. This marks a joint collaboration between two leading home networking companies to show that Entropic’s MoCA offerings and Atheros’ HomePlug solutions are already able to adequately serve the needs of operators and consumers for delivering multimedia content.
    Standardization of next-generation technologies is underway and there is no need to produce a completely new standard that does not provide backward interoperability with these existing market leading solutions.
  • Entropic had the distinct honor of being the only exhibitor on the show floor of CES 2010 to host a public demonstration of the RVU Remote User Interface (RUI) technology using equipment provided by DIRECTV. RVU is an industry alliance developing a standard for enabling set-top receivers to access, view and control content in other set-top receivers and provides a robust platform for a uniform and consistent user experience.

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