Optibase Ltd. a leading provider of advanced digital video solutions and Telrad Networks, a leading IP/NGN solution provider and system integrator for telecom carriers and today announced that the companies will cooperate to provide end to end NGN and IPTV solutions, worldwide.

The first commercial outcome of this cooperation is a recent order placed by Georgia's second largest Telecom operator, NewNet Telecommunications. Newnet required an advanced user centric network that enables the delivery of voice over IP, high speed internet and IPTV based on a high quality video head-end.

Telrad Networks will provide a next generation fiber network that supports high speed Internet connectivity, Voice over IP and IPTV, and is designed to reach up to 20 million subscribers. Acting as the prime integrator for the IPTV components, Optibase will supply advanced MPEG-2 encoding and streaming capabilities, IPTV middleware and Video on Demand capabilities.

Dror Pockard, Telrad Networks CEO, said, "This cooperation is a great opportunity for both companies to use their respective strengths to exploit the vast demand for the growing market of IPTV. We see this field as a major one in our business, an important delivery within our overall triple-play offering. The professional experience with Optibase in the Newnet deployment assures us that further cooperation will be as fruitful and successful as this one."

"Our collaboration with Telrad networks yielded a high quality solution meeting the standards required by Telecom operators," said Uzi Breier, Optibase's CEO. "We will supply the customer with an end to end solution that includes all necessary components in the IPTV workflow with no need for integration. What more the system is flexibly designed to accommodate different requirements as the customer needs evolve."