InvestorsApril 4, 2006
Charter Offers Southeast Division Customers Expanded On-Demand Content Through Broadbus Platform
ST. LOUIS - Charter Communications, Inc. (Nasdaq: CHTR) today announced that, as part of its continuing focus on enhancing the customer experience and expanding its digital product offerings, the Company has installed the Broadbus Technologies, Inc. B-1™ Video Server to enable on-demand video entertainment to 1.2 million homes in its Southeast Division. The technology supports the growing popularity of Charter On Demand by allowing Charter to deliver more on-demand content and other services to its customers.
"The deployment of the B-1 Video Server is a significant upgrade to the digital video services we currently offer our Southeast Division customers," said Pragash Pillai, Charter Vice President of Advanced Engineering, Digital Video. Pillai continued: "Since the Broadbus architecture can stream a large amount of content in a very short time, we can provide more time-sensitive content, and the scalability of the platform will allow us to implement a wide range of advanced services for our customers, including virtually unlimited Television On-Demand content. Further, the greater stability of the Broadbus platform improves the user experience and supports more timely delivery of on-demand content."
The Broadbus installation completes Charter's company-wide adoption of an open standards video-on-demand platform that significantly expands its ability to deliver on-demand content and advanced services to its customers. Overall, video on demand is currently available to over 65 percent of Charter's 2.8 million digital video customers nationwide. With the deployment of the Broadbus video platform, video on demand is now available to more than 80 percent of digital video customers in the Southeast Division, and availability will be expanded further during 2006.
"Charter's deployment of Broadbus is yet more validation of our company's strategy to provide an open, best-of-breed video platform that is uniquely designed to meet tomorrow's on-demand requirements," said Vin Bisceglia, CEO of Broadbus. "Today Broadbus offers the most powerful solution for video on-demand, and the advantages of our platform will become even more apparent as companies such as Charter implement advanced services that take advantage of Broadbus' unique architecture."
About Charter Communications
Charter Communications, Inc., a leading broadband communications company, provides a full range of advanced broadband services to the home, including cable television on an advanced digital video programming platform via Charter Digital™, Charter High-Speed™ Internet service and Charter Telephone™. Charter Business™ provides scalable, tailored and cost-effective broadband communications solutions to organizations of all sizes through business-to-business Internet, data networking, video and music services. Advertising sales and production services are sold under the Charter Media® brand. More information about Charter can be found at www.charter.com.
Broadbus develops fully scalable, next-generation video on-demand solutions designed to solve streaming scale, space, power consumption and live ingest issues for communications service providers deploying advanced video services such as VOD, Time-Shifted TV, On-Demand Ad Insertion and ultimately, full-scale Television On-Demand (TOD). Broadbus offers a migration path to the emerging TOD environment, while fully exploiting existing upgraded broadband networks. The company's revolutionary solid-state server architecture, based on the intelligent configuration and management of massive amounts of dynamic random-access memory (DRAM), eliminates the use of mechanical hard drives for video streaming and ingest. The result is unparalleled performance, reliability and scalability for VOD and advanced on-demand services
Broadbus was selected by Red Herring for inclusion into its annual list of Top 100 Private Companies, named for the second consecutive year to CED Magazine's Broadband 50, awarded Product of the Year by the Massachusetts Network Communication Council and listed as a finalist for Best Innovation in two categories for the first annual On-Demandies™ awards hosted by Digital Hollywood. For more information, please visit www.broadbus.com.
Broadbus®, TOD® and B-1™ are trademarks of Broadbus Technologies, Inc.
Cautionary Statement Regarding Forward-Looking Statements:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), regarding, among other things, our plans, strategies and prospects, both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this release are set forth in reports or documents that we file from time to time with the SEC.
All forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. We are under no duty or obligation to update any of the forward-looking statements after the date of this release.
Mary Jo Moehle
Cohn & Wolfe