Conax teams up with Comtech Korea Corp. to offer Conditional Access and payment solutions to the Korean broadcasting and telco markets

With this partnership, Comtech has extended its offerings to include Conditional Access solutions for full protection of television or video content. The Conax CAS7 solution is built on Conax's strong security technology platform, which allows a digital TV operator to start with a basic system supporting pay-TV, and then build on new modules and additional components to enhance and support more complex operations and business models. Conax CAS7 requires minimal upfront investment for installation of the full system (Conax CAS7 Core plus all modules) or partial system with certain key modules.

"Conax is really pleased to have signed this agreement with Comtech, which we believe will be fruitful for both parties. They have a great reputation as system integrator in the Korean broadcasting industry, and with the conditional access systems from Conax, they are able to supply complete end-to-end solutions to the Korean broadcasting market", says Raza Ansari Conax VP Asia. Last year Conax signed an agreement with KCTV JeJu Broadcasting, and we are in the process of signing several new contracts in Korea through our partnership with Comtech," he adds.

"With Comtech Korea as their partner, their fully “open cable" compliant Conax CAS7 technology and the Conax POD ready, we believe Conax is well equipped to serve the Korean market in an efficient and responsive way", says Hong Q Kim, Director of Comtech Korea Corp.

About Comtech Korea Corp.
Comtech Korea Corp., which was founded in 1991, is focusing on offering system integration of digital broadcasting solutions and convergence for the CATV, satellite, terrestrial, IP and mobile markets in Korea. In addition to providing their own solution for Digital Audio Broadcasting (DABS),NVOD and Interactive Monitoring Solution (IMS), they have partnership agreements with solution vendors supplying billing/SMS, STBs, middleware, digital H/E system and now also conditional access.

CEO & President of the company is Mr. H.Y. Roh. Shareholders’ equity is USD 2.43 Millions, with revenue of USD15.6 Millions in 2003.

www.comtech.co.kr

For further information, please contact:

Mr. Raza Ansari VP Asia, Conax AS, + 65 9784 5663 Email: raza.ansari@conax.com

Mr. Ernst D Thue, President & CEO, Conax AS, + 47 22 40 52 00 Email: ernst.thue@conax.com

Mr. Hong Q Kim, Director, Digital Convergence Division, Comtech Korea Corp., + 822 3489 6800, Email: hongq@comtech.co.kr