Tilgin Interim report 1 January - 30 September 2008

Friday, October 24th, 2008
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Tilgin (STO:TILG) net sales increased by 44 percent since the second quarter to SEK 59.1 million, and the gross margin improved to a new all-time high of 42 percent.

Significant events during the third quarter

In June Tilgin won a breakthrough order from a leading South European incumbent for its commercial IPTV roll-out, and also an order for IPTV field trials from a leading Middle East operator. In the same month Tilgin also announced an order from Danish TRE-FOR for a commercial IPTV roll-out.

In early September Tilgin won a field trial order for IMS-based IPTV from a leading incumbent in Southwest Europe.

Towards the end of the quarter Tilgin won a field trial order for triple play from a leading East European incumbent, including IPRG Home Gateways as well as IPTV set-top boxes. The company also won an order in IPRG from another leading East European incumbent for field trials of our most recent generation of Home Gateways.

During the quarter Tilgin has also been exhibiting and showcasing at two important industry trade shows; IBC in Amsterdam in September with focus on the company’s IPTV solutions, and BBWF in Brussels at the turn of the month September/October with focus on the company’s IP residential gateway solutions and management software. During the course of these trade shows a number of new products and functions were launched in order to increase the value of the operators’ IP-based services that are being offered to end-customers and subscribers. Launches include

  • IPTV with Personal Video Recorder at a lower price
  • IPTV with Picture in Picture (PiP)
  • Home Gateways with Full Service Routing functionality, which is in strong demand by the operators.
  • VCM 5, the fifth generation of Tilgin’s software for remote management of field units, with TR-069 functionality also enabling further scalability and availability.

New and existing customers that have generated large orders during the quarter include DU (IP
residential gateway, Dubai), Intracom (IP residential gateway, Dubai), TRE-FOR (IPTV, Denmark) and
TeliaSonera (IP residential gateway, Sweden).

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