January 07, 2006 in TV + Video News

Comcast And SAMSUNG Announce Digital Set-Top Box Purchase Agreement

Las Vegas, NV - Samsung Electronics and Comcast Corporation (NASDAQ: CMCSK, CMCSA) have announced a multi-year digital cable set-top box purchase agreement.

Beginning in 2007 Comcast will purchase 200,000, and subject to the satisfaction of certain conditions, an additional 500,000, OpenCable™™ Application Platform (OCAP™) compliant digital cable set-top boxes that will be capable of running Advanced Video Codecs such as all facets of MPEG- 4 including H264 as well as MPEG-2. In addition, these devices are designed to leverage DOCSIS 2.0 and USB 2.0 to enable advanced interactive applications.

These devices are part of Comcast's newly developed series of digital cable set-top boxes, referred to as "RNG," which are the result of Comcast's efforts to develop next-generation devices that bring greater efficiencies to today's cable infrastructure while adding advanced functionality.
Byoung Youl Yu, EVP at Samsung Electronics, Co., Ltd., added, "Samsung is eager to demonstrate our commitment to deploy a new generation of set-top box solutions. We are delighted to play an integral role in this fascinating move forward in quality video technology offerings by Comcast."

Steve Silva, EVP of New Business Development for Comcast, said, "This agreement with Samsung underscores our commitment to providing consumers with an outstanding home entertainment experience. These all-digital boxes will offer customers the advanced services that our industry-leading interactive network makes possible, including video on demand, and the ability to integrate with other consumer media devices."

Peter Weedfald, Senior Vice President, Sales and Marketing, U.S. Consumer Electronics & North American Corporate Marketing, Samsung Electronics America, Inc., added, "Samsung values the importance of providing a complete line of cable-compatible Consumer Electronics products. Aligning the Samsung brand with Comcast creates a powerful union benefiting both companies."

About Comcast
Comcast Corporation (Nasdaq: CMCSA, CMCSK) (www.comcast.com) is the nation's leading provider of cable, entertainment and communications products and services. With 21.4 million cable customers, 8.1 million high-speed Internet customers, and 1.2 million voice customers, Comcast is principally involved in the development, management and operation of broadband cable networks and in the delivery of programming content.
The Company's content networks and investments include E! Entertainment Television, Style Network, The Golf Channel, OLN, G4, AZN Television, PBS KIDS Sprout, TV One and four regional Comcast SportsNets. The Company also has a majority ownership in Comcast-Spectacor, whose major holdings include the Philadelphia Flyers NHL hockey team, the Philadelphia 76ers NBA basketball team and two large multipurpose arenas in Philadelphia. Comcast Class A common stock and Class A Special common stock trade on The NASDAQ Stock Market under the symbols CMCSA and CMCSK, respectively.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Those statements above that involve expectations or intentions are forward-looking statements, within the meaning of the U.S. securities laws, that involve risks and uncertainties and are not guarantees of future performance. You are cautioned that these statements are only predictions, and that forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include, but are not limited to, the risks outlined in Comcast's filings with the Securities and Exchange Commission and the risks associated with the acceptance criteria for, the amount of orders for, the delivery of, and the deployment of, the set-top boxes. All forward-looking statements are only as of the date they are made and Comcast disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, NJ, Samsung Electronics America, Inc. (SEA), a wholly owned subsidiary of Samsung Electronics Co., markets a broad range of award-winning, advanced digital consumer electronics, information systems and home appliance products. The SEA organization oversees the North American operations of Samsung including Samsung Telecommunications America, LP, Samsung Electronics Canada, Inc. and Samsung Electronics Mexico, Inc. Please visit www.samsung.com for more information.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2004 parent company sales of US$55.2 billion and net income of US$10.3 billion. Employing approximately 113,600 people in over 90 offices in 48 countries, the company consists of five main business units: Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones, and TFT-LCDs. For more information, please visit www.samsung.com.

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