ARION Technology (www.arion.co.kr), a Korean world-leading digital set-top box manufacturer, today announced that it gets royalty from VIDEOCON, the India’s biggest consumer electronics company, from the second half of this year.
VIDEOCON is recently announced they would make a foray into DTH service industry and develops its first set-top box in cooperation with a consortium consisted of qualified technology providers.
VIDEOCON’s first set-top box is a MPEG-4 digital satellite receiver with built-in IRDETO CAS system and Idway-J middleware. ARION has participated in this project as one of the consortium members and provided their experienced HW and SW solutions to VIDEOCON. ARION’s sales director said ARION will be able to secure stable incomes from royalty on VIDEOCON’s set-top box sales in India market.
VIDEOCON will start their DTH service in August targeting an aggressive launch in the fast growing Indian market . ARION expects its royalty profits will be more than 2 million dollars.
Established in 1979, VIDEOCON has been the India’s biggest consumer electronics company and it records more than 2 billion dollar sales every year through their wide distribution channels. VIDEOCON recently gained distinction among Koreans by taking over France’s Thomson CRT division and attempted bid for Daewoo Electronics.
