AccessKey IP, Inc. Announces Multi-Million Dollar IPTV Set Top Box Development Agreement

ALBUQUERQUE, NM — AccessKey IP, Inc. (PINKSHEETS: AKYI), the developer, designer and producer of advanced entertainment and communication devices, today announced that it has signed a Letter of Intent (LOI) with a significant U.S. based organization in the IPTV (Internet Protocol Television) sector. According to Rich Lauer, President of AccessKey IP, “This new relationship literally puts AccessKey IP on the map. It provides initially for the co-development and funding of an advanced, exceptionally featured Set Top Box (STB). This next generation device leverages much of AccessKey’s existing investment in advanced technology for the IPTV field while also applying a highly targeted and customer-specific set of functional requirements to the design.” Lauer continued, “Due to certain significant pending business transactions, this customer has asked us not to disclose their name for the time being. However, we expect to be able to announce more details relative to this transaction in the coming weeks.”

Lauer further explained, “The first phase of this new agreement calls for $1.5 million of customer-provided joint development funding. We plan to complete development and begin initial deliveries of this exciting new STB technology in early 2008. Beyond the obvious huge opportunity anticipated from this relationship, we anticipate announcing additional sales and customer commitments in the near future.”

George Stevens, Chairman and CEO of AccessKey IP, added, “The worldwide IPTV market is exploding. With a CAGR of 80%, most industry analysts are predicting the market will include over 20 million subscribers and produce revenues exceeding $17 Billion by 2010. While AccessKey IP obviously doesn’t have the market presence of industry giants like Motorola or Cisco, we are actually more capable of delivering highly engineered, high value-add solutions for specific customer requirements. In reality, the IPTV market is so large even a small piece can make our firm enormously successful.”

Link: AccessKey IP, Inc.