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Pace wins multi-year STB agreement with Comcast
Jun 26, 2005 8:00 AM, Beyond The Headlines e-newsletter
Comcast plans to purchase a variety of Pace’s STBs, including the recently announced Tahoe HD DVR.
Pace Micro Technology has agreed to supply cable system operator Comcast with digital set-top boxes over the next three years. The deal is estimated to be worth $375 million - $550 million.
Under terms of the new agreement, Comcast plans to purchase a variety of Pace’s STBs, including the recently announced Tahoe HD DVR.
Comcast has also agreed to license Pace’s EngineWare software platform and related STB technology. The cable company will work with Pace to jointly fund a non-exclusive development of next-generation cable set-top boxes and related technologies to be manufactured by Pace’s engineering team.
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