LAS VEGAS, Jan. 7 /PRNewswire-FirstCall/ -- NETGEAR(R), Inc. , a worldwide provider of technologically advanced, branded networking products, today announced an ongoing collaboration and agreement with BitTorrent, Inc. to promote video downloads streamed to high-definition televisions (HDTVs) through the new NETGEAR Digital Entertainer HD (EVA8000) media receiver. BitTorrent, home to the world's leading peer-assisted digital content delivery platform, will work with NETGEAR on marketing and technology initiatives to deliver the highest quality and fastest distribution of media files over home networks.
Debuting this week at the Consumer Electronics Show in Las Vegas, the Digital Entertainer HD is a sleek set-top media receiver that connects to a home-theater system to stream digital media from computers, network storage and USB media players. The receiver automatically discovers, organizes and plays high-definition movies, TV shows, music files and personal photos -- as well as Internet-based video, news feeds, weather reports and radio programs. The receiver's high-definition multimedia interface (HDMI) port displays video resolution up to 1080p on big-screen TVs and optical digital audio output (TOSLINK) transmits full digital surround sound to a digital audio receiver.
Responsible for almost 40 percent of all Internet traffic worldwide, BitTorrent is the most efficient platform for transferring large, high-quality files over the Internet to PCs and storage devices. BitTorrent, which has partnerships with more than 20 leading entertainment studios and TV networks, plans to offer a comprehensive library of downloadable digital entertainment content, including HD movies and TV shows. NETGEAR will market BitTorrent's online marketplace in collateral for the Digital Entertainer HD and at http://www.netgear.com/. The marketplace is slated to launch in February 2007. BitTorrent will promote the Digital Entertainer HD at http://www.bittorrent.com/.
"Our customers' growing appetite for quality HD content is well-served through NETGEAR routers, adapters, media receivers and storage devices," said Patrick Lo, NETGEAR's chairman and chief executive officer. "Even with broadband connections, however, the experience is only as good as the technology delivering the content over the Internet and to the HDTV screen. The audio and video quality of the Digital Entertainer HD -- combined with the speed, simplicity and security in BitTorrent's delivery technology -- offers exactly the type of experience our customers demand."
"BitTorrent provides the most sensible content delivery platform for high- definition entertainment on the Internet," said Ashwin Navin, president and co-founder of BitTorrent. "We are pleased to add NETGEAR to our family of innovative hardware manufacturers as we continue to expand BitTorrent's delivery capabilities beyond the PC."
About NETGEAR, Inc.
NETGEAR designs technologically advanced, branded networking products that address the specific needs of small and medium business and home users. The Company's product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. NETGEAR is headquartered in Santa Clara, Calif. For more information, visit the company's Web site at http://www.netgear.com/ or call (408) 907-8000.
About BitTorrent Inc.
BitTorrent is home to the world's leading open-source file-sharing protocol by the same name, specifically created to overcome the obstacles of transferring large files over the Internet. Created in 2001, BitTorrent is enabling millions of users worldwide to publish, search and download popular digital content quickly, easily and securely. BitTorrent is a privately held company headquartered in San Francisco, California. For more information, visit http://www.bittorrent.com/.
NOTE: NETGEAR(R) and the NETGEAR logo are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. BitTorrent is a trademark of BitTorrent, Inc. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's Digital Entertainer HD (EVA8000) 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, including, without limitation, the following: the future demand for the Digital Entertainer HD (EVA8000) may not be as projected; the actual price, performance and ease of use of NETGEAR's products may not meet the price, performance and ease of use requirements of end-users; the performance of NETGEAR's products may be adversely affected by real world operating conditions; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors," pages 31 through 40, in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2006, filed with the Securities and Exchange Commission on November 13, 2006. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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