Tandberg Television, which specialises in television technology including digital compression systems for broadcast and on-demand video, reports increased turnover and profits and forecasts a positive outlook based on market growth.
Tandberg reported revenues of 1,357 million Norwegian Kroner (around £111m), up from 1,035 million the previous year, with a pre-tax profit of 175 million Norwegian Kroner (around £14m), up from 73.8 million.
The company recently completed the acquisition of US company N2 Broadband. The merger will enable Tandberg to increase its North American market presence while providing global opportunities for N2. The combined operation expects to see the full benefit of the cross-selling potential in the second half of 2005.
Tandberg has commenced multiple trials with its standard and high-definition MPEG-4 part 10 and Windows Media 9 encoders with telephone companies and satellite broadcasters. Following a demonstration with DIRECTV at the Consumer Electronics Show, Tandberg has received a £5 million order for MPEG-4 high-definition compression systems from ‘a leading North American satellite broadcaster’. It has also previously announced a significant contract with Alcatel to provide MPEG-2 based IPTV solutions to Russia’s Sistema for the roll-out of one of the largest broadband projects in the world.