TechniSat Digital and Mototech form STB Joint VentureTuesday, December 7th, 2010
TechniSat Digital S.A. and Mototech Co., LTD. have signed a Joint Venture agreement for the supply of embedded CAS STBs to defined markets. Herewith both companies would like to combine their competencies in R&D, Production, and Sales & Marketing to realize synergistic gains in the market with its Joint Venture Company “Prime Electronic Polska Sp.z o.o.”.
Joint Venture – TechniSat Digital and Mototech Co., LTD.
The Joint Venture created by TechniSat Digital and Mototech Co., LTD. has its core business in developing and extending marketing activities of embedded CAS STBs in Eastern Europe. To secure and extend the market positions of both companies in this sector and to meet the market requirements effectively; TechniSat Digital and Mototech Co., LTD. will combine their advantages to fulfill these requirements.
Mr. Klaus Fuchs, Managing Director of TechniSat Digital S.A., is looking forward to the Joint Venture and the cooperation with Mototech: “With the synergy created by our knowledge and resources in experience, production as well as in sales and marketing, it will bring great success for both companies, reduce the time-to-market and extend their competitiveness in the market.”
Mr. Paul Min, Executive Director Dept. Digital Multimedia welcomes the partnership with TechniSat Digital as a known manufacturer in Europe: “I very appreciate the value which will be generated by the Joint Venture bringing advantages for both companies in their power to compete and their market position.”