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Abilis Systems and MaxLinear Introduce a Reference Platform for Satellite Home Gateways That Distrib

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By Business Wirevia The Motley Fool

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Abilis Systems and MaxLinear Introduce a Reference Platform for Satellite Home Gateways That Distributes up to Eight Satellite TV Channels to IP-Connected Devices

LUXEMBOURG–(BUSINESS WIRE)– SES Industry Days Conference – Abilis Systems and MaxLinear (NYS: MXL) , leaders in low-power IC design for digital TV applications, today announced the world’s first eight-channel satellite headless gateway reference platform.

This “headless gateway” platform addresses the ever-increasing demand for viewing of high-quality content on multiple screens. This platform is not directly connected to a TV, like a set-top box, but is network connected and accessible by multiple screens in a home. Acting as a media server, these headless gateway platforms are optimized for SAT>IP and DLNA services.

The gateway reference platform converts satellite TV content into IP packets for streaming in home, thus enabling users to enjoy the benefit of watching today’s DTH services on televisions as well as on IP-enabled devices such as tablets, laptops, smartphones, game consoles and other platforms.

The gateway platform has four RF inputs to be used with existing satellite dishes and low-noise block (LNB) downconverters. It combines the high throughput of the Abilis TB101 network processor with the MxL584 receiver to realize unprecedented low-power consumption and a very low bill-of-materials (BOM). This new platform offers satellite operators a cost, performance, and size-optimized solution to expand their TV offering to tablets and smartphones.

The reference platform is very small and can be designed with multiple applications in mind, for example with a single LNB (using DiSEqC) up to four LNBs. The small design is enabled by MaxLinear’s highly integrated MxL584 Full-Spectrum Capture™ (FSC™) DVB-S/S2 receiver.

The four-input MxL584 receiver integrates tuners required for multi-inputs, eight demodulators, and all the active front-end components, including the low-noise amplifiers (LNA) into a compact and cost-effective 10×10 QFN package.

The TB101 integrates a high-throughput demux supporting up to 800Mbps in eight independent TV streams, a CAS to DRM crypto engine and a Gigabit Ethernet. The chip transforms eight HD TV channels into IP format consuming less than 500mW, using only few DMIPS per channel.

“We’re very pleased to team up with MaxLinear to design the next generation of eight-channel satellite gateway platforms. With this unique co-developed cost effective platform, we’re enabling operators to differentiate their offering with easy to deploy solutions for distribution of secured and FTA content

From: http://www.dailyfinance.com/2013/04/18/abilis-systems-and-maxlinear-introduce-a-reference/

Business, Finance, Occupation & Industry

Norsat Introduces New Microwave Products for Airborne and Ka Multi-Band Applications

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By Business Wirevia The Motley Fool

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Norsat Introduces New Microwave Products for Airborne and Ka Multi-Band Applications


Norsat to demonstrate the new product lines at NAB 2013 in Las Vegas, April 8 – 11, 2013, booth SU3404

VANCOUVER, British Columbia–(BUSINESS WIRE)– Norsat International Inc. (“Norsat” or the “Company”) (TSX: NII and OTC BB: NSATF), a leading provider of innovative communication solutions that enable the transmission of data, audio and video for challenging applications and environments announces the introduction of new Commercial-Off-The-Shelf (COTS) and custom microwave products for airborne and Ka multi-band applications. All of the newly launched microwave products, which include Block Up/Down Converters (BUCs and BDCs), and Low Noise Blockdownconverters (LNBs), are used in satellite signal transmission and reception, and maintain the portability, reliability and durability for which Norsat products have become known.

The introduction of Norsat’s airborne portfolio is led with the launch of a BDC1000X-AIR, which has been lab and field tested for ruggedness and durability in airborne applications. The BDC is compatible with current airborne service providers, and may be fully customized to meet specific customer requirements for frequency, size, shape, and more. The next addition to the Norsat airborne portfolio will be an airborne LNB, and the first custom units will be field tested later in 2013. Norsat’s customized LNBs meet airborne project requirements and provide reliable signal reception and superior performance for the strict specifications of airborne applications.

Norsat is also introducing a line of multi-band LNBs, including the dual and triple Ka-band 9000 series. Norsat remains a leader in the development of reliable Ka-band products, and the new LNB line was developed through the Company’s 20 years of Ka-band product expertise. Norsat’s COTS products provide customers with the most cost effective way to benefit from Norsat’s expertise, while offering highest technical performance and an industry leading three year warranty.

“Norsat has built a reputation for delivering reliable and durable microwave products, and it is essential that the new products we introduce uphold this reputation,” states Norsat President & CEO, Dr. Amiee Chan. “Both the Airborne and Multi-band lines of microwave products maintain or improve upon this quality, while solving application-specific problems expressed by our customers. We are pleased to offer a solution that is both highest quality and value through the Airborne and Multi-band product lines.”

Norsat will be exhibiting the new microwave …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

LNB Bancorp, Inc. Completes the Exchange of Common Shares for $9.73 Million of Series B Preferred St

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By Business Wirevia The Motley Fool

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LNB Bancorp, Inc. Completes the Exchange of Common Shares for $9.73 Million of Series B Preferred Stock

LORAIN, Ohio–(BUSINESS WIRE)– LNB Bancorp, Inc. (NASDAQ: LNBB) announced today that it has completed the exchange of newly issued LNB common shares for approximately $9.73 million in par value of its Fixed Rate Cumulative Perpetual Preferred Stock, Series B, $1,000 per share liquidation preference (“Series B Preferred Stock”) held by certain holders of the Series B Preferred Stock in privately negotiated transactions. LNB issued an aggregate of 1,359,348 of its common shares at a price of $7.16 per share in exchange for an aggregate of 9,733 shares of the Series B Preferred Stock at a price of 100% of par value, or $1,000 per share.

Following the completion of the exchange, approximately $9.2 million in par value of the Series B Preferred Stock remains outstanding. The Series B Preferred Stock was originally issued by LNB in December 2008 as part of the U.S. Department of the Treasury’s Capital Purchase Program. The Treasury sold all of the Series B Preferred Stock to private investors through a modified Dutch auction that was completed in June 2012.

Daniel E. Klimas, president and chief executive officer commented, “This is the latest step in our intention to eventually repurchase or redeem all of the Series B Preferred Stock that was originally issued to the Treasury. This transaction is consistent with our stated intention to carefully balance our need to maintain a strong capital position with our objectives of building shareholder value and protecting the interests of our shareholders. While we continue to consider all of our alternatives for financing the retirement of the remaining Series B Preferred Stock, this transaction puts us in a position where we expect that our retained earnings can play a more significant role in the funding of any redemption or repurchasing activity going forward.”

At December 31, 2012, the Company had a tangible common equity ratio of 5.98%, which increases to 6.82% on a pro-forma basis after giving effect to the exchange. In addition, the Company expects to save $487,000 in dividends that otherwise would have been payable on the Series B Preferred Stock during 2013, as a result of the aforementioned repurchase and exchange.

Sandler O’Neill & Partners, L.P. acted as LNB’s financial advisors in connection with the repurchase and exchange. It was not engaged to and did not solicit any holders of Series B Preferred Stock in connection with the exchange, and did not make any recommendation to holders of Series B Preferred Stock as to whether to …read more
Source: FULL ARTICLE at DailyFinance