Affordable Telecommunications Technology Corporation/Buzz Technologies, Inc. is pleased to announce it has acquired a Geneva based Swiss Company in the business of Manufacturing, Design and Distribution of IPTV Set Top Boxes, Satellite Set Top Boxes and Digital TV Set Top Boxes. The revenues were substantial with a margin above industry standard.
The first of the Buzz Branded Set Top Boxes will be available to the public within 60 days.
- Digital cable Set Top Box worldwide unit shipments reached 12.2 million
in 2005, up from 10.8 million in 2004.
- For the first time in the history of this market, shipments of advanced
digital Set Top Boxes exceeded basic digital box unit shipments in
2005.
The digital Set Top Box market still has great potential in terrestrial, satellite, cable or Internet content delivery systems. Performance requirements are increasing in order to support improved consumer interactions and new home networking and data storage requirements.
Sutida Suwunnavid said today, "This new company speeds the Roll out of our Smartpoint product; the new product expands the market for our existing Technologies, as well as supplying us a new creative and Technical force for the development of other Buzz products."
Steve Bethke added that although the Set Top Box market in Europe has grown very fast in recent years and we can expect the increase in demand in USA market the next few years, causing the global demand for this product to triple.
The Set Top Box market should also allow us to develop digital entertainment products at Khewl Solutions for distribution over the set top channels.