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UTStarcom Holdings Corp (NASDAQ:UTSI)’s Partner aioTV Secures Grant of Key US Patent

Boston, MA 10/13/2014 (wallstreetpr) – According to report, UTStarcom Holdings Corp (NASDAQ:UTSI) has decided to announce that it’s partner named aioTV has secured key US patent. As per the information, its new key piece of technology will enable it to perform effectively and maintain a market leadership position in the field of customized video entertainment.

Insights of the announcement:

AioTV; partner of UTStarcom Holdings Corp (NASDAQ:UTSI) has been offering world-class services to all the people for a long time. The newly introduced technology and key patent will allow it to enhance the level of service on all new heights. It will be able to offer a wide range of offers to all the consumers in regard with the content source. With the help of it, they will access on-demand, live and free internet content at one platform. It will save their time, cost as well as efforts to search quality content on the internet. The entire management team of UTSI is extremely delighted after the approval of the patent. According to Mr. William Wong, Chief Executive Officer of UTSI, it’s a great honor for aioTV and UTSI congratulate the entire management team of the company for getting this patent. UTStarcom Holdings Corp (NASDAQ:UTSI) is the largest investor in aioTV; therefore, it’s a great opportunity for both the firms to explore the market in the best possible way.

Wong said that it was truly an impeccable milestone and would motivate the firm further to offer innovative, groundbreaking and next generation technologies to all the people. The patent will enhance the brand value of aioTV in future and also attract new clients and customers. Not only it will help the company to stay right on top of the game, but also enable it to offer world-class technology in a cost effective way. All the OTT and Cable MSO service providers will also be impacted with this achievement of aioTV as they will seek to offer more quality offers with an objective to retain customers. The patent has been listed in United States Patent and Trademark Office with number 8826347.

Published by Christine Lawrence

Christine Lawrence is a financial analyst. She loves analyzing socioeconomic trends in the background of financial moves. She has overall seven years of experience in Auditing, Finance and Writing.

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