VideoTele.com Transport Equipment Connects China's 31 Provinces
to Beijing's Central News Agency
LAKE OSWEGO, Ore. and BEIJING, Feb. 10 /PRNewswire-FirstCall/ --
VideoTele.com, Inc(R)., a division of Tut Systems, Inc.(R) (Nasdaq: TUTS),
today announced that the XinHua News Agency has deployed more than 30 of its
M2 video edge devices to create a nationwide digital video delivery network.
VideoTele.com (VTc)'s M2s enable the delivery of real-time video from
Beijing's central news agency to people living throughout the 4 million square
miles that make up China.
Operating 24 hours per day and seven days per week, the M2 video edge
devices encode and transmit digital video for stable, high quality two-way
communications between each province and the Beijing central office. As the
first company to deliver broadcast-quality video over fiber optic network,
VTc's M2 Series was selected by XinHua for its high quality resolution,
reliability and cost-effectiveness.
To deliver XinHua's new expansive multimedia network, VideoTele.com
partnered with Delta Hi-Tech Co., Ltd and China Telecom System Integration
Co., Ltd. The video transmission system developed by the three partners
leverages the power of the M2's MPEG-2 encoding and decoding technology to
compress, deliver and receive high-quality digital video and audio content.
XinHua's network combines video conferencing, video transmission, IP and
telephone applications and uses ATM connections to deliver multiple
applications over a single network infrastructure thereby reducing capital and
operating costs.
"XinHua News is the premier news organization in all of China, requiring a
bullet-proof system that guarantees the integrity of its transmission," said
SiCheng Tan, China Country Manager for VideoTele.com. "The M2 delivers on
these requirements which makes our solution so successful. We are very pleased
to have this opportunity to enable this network for XinHua News."
About Tut Systems, Inc.
Tut Systems, Inc. delivers industry leading content processing and
distribution products for deploying next-generation video and IP services over
broadband networks. Tut Systems products are used by telecommunications,
cable, entertainment and communications companies, as well as government
agencies from around the world, to enable the delivery of broadcast-quality
video over any broadband network. VideoTele.com, a division of Tut Systems, is
the world leader in delivering digital TV over xDSL networks.
Tut Systems is headquartered in Pleasanton, California. Information can be
found on the Internet at http://www.tutsystems.com or by calling
800-998-4888.
NOTE: VideoTele.com is a trademark of Tut Systems, Inc. All other trade
names referenced are the service marks, trademarks, or registered trademarks
of their respective companies.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 for Tut Systems, Inc.:
This press release contains certain "forward-looking" statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Specifically, statements regarding M2's ability to meet the performance
requirements of the XinHua News Agency are forward-looking statements within
the meaning of the Safe Harbor. These statements are based on management's
current expectations and are subject to certain risks and uncertainties. As a
result, actual results may differ materially from the forward-looking
statements contained herein. Factors that could cause actual results to differ
materially from those described herein include the length and severity of the
current economic downturn overall and in the broadband services market in
particular, competitive pricing pressure in the Chinese market for our
products and the resulting impact on our margins, changes in technology,
unforeseen technological limitations, the ability of our competitors to
introduce new products in China that compete more successfully with our
products, geo-political risks associated with our sales and operations in
China and our ability to retain key personnel to provide the products and
services in the Chinese market necessary to meet XinHua News Agency's
performance requirements. More detailed information about these risk factors,
and additional risk factors, are set forth in Tut's periodic filings with the
Securities and Exchange Commission, including, but not limited to, those risks
and uncertainties listed in the section entitled "Management's Discussion and
Analysis of Financial Condition and Results of Operations - Additional Risk
Factors that Could Affect Our Operating Results and the Market Price of our
Stock," pages 30 to 42, in Tut's Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 29, 2002 and Tut's Quarterly
Report on Form 10-Q, pages 22 to 33, filed on October 31, 2002. In particular,
you should review the risk factors on pages 23, 25, 26 and 27 of our October
31, 2002 Form 10-Q filing under the headings "We are and continue to be
affected by poor general economic conditions that have resulted in
significantly reduced sales levels and, if such adverse economic conditions
continue or worsen, our business, operating results and financial condition
could be negatively impacted", "The market in which we operate is highly
competitive, and we may not be able to compete effectively", "If we fail to
manage our operations in light of our changing revenue base, our ability to
increase our revenues and improve our results of operations could be harmed",
"We depend on international sales for a significant portion of our revenue,
which could subject our business to a number of risks; if we are unable to
generate significant international sales, our business, financial condition
and results of operations could be materially and adversely affected" and "Our
ability to attract and retain our personnel may be impaired by the continued
decrease in our stock price". Tut expressly disclaims any obligation to update
or alter its forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Tut Systems, Inc.
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Related links:
http://www.tutsystems.com
CONTACT:
Amanda Pires, Director, Corporate
Communications of Tut Systems, +1-925-201-4393, or
apires@tutsys.com
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