AANI .80 x .83 8K - great progress for the company:
On October 26, 2006, Amedia Networks, Inc. (the "Company") successfully
passed the IPTV Gateway System Verification Testing Acceptance Test, the second
major engineering milestone test specified in the Strategic Alliance Agreement
entered into as of April 15, 2006 (the "Strategic Alliance Agreement") by the
Company and Motorola Wireline Networks, Inc. ("Motorola"), a subsidiary of
Motorola Inc. Under the Strategic Alliance Agreement, the Company and Motorola
are jointly developing a family of IP Home gateways intended to provide expanded
support for data, IPTV, High Definition TV, and Digital Video Recorders using
Motorola's existing Multi-Service Access Platform for exclusive distribution by
Motorola under the Motorola brand. The System Verification Testing Acceptance
Test is the culmination of the Company's system integration testing and is
designed to demonstrate the functionality and the stability of the hardware and
software of the IPTV Gateway. Under the Strategic Alliance Agreement, Motorola
is to remit to the Company $300,000 to defray engineering costs incurred by the
Company, which amount is required to be remitted to the Company's within 30 days
of completion of this milestone.
Following the Company's testing, the IPTV Gateway has been delivered to
Motorola so that Motorola can perform its final System Verification Testing.
Motorola's successful verification is necessary prior to the commencement of
Alpha or Beta trials and commercial release.
In addition, in connection with the joint development of the home
gateways the Company received from Motorola initial purchase orders for gateway
lab test units and Alpha test units in the aggregate purchase amount of
approximately $200,000. No assurance can however be provided that the purchase
orders will not be cancelled by Motorola prior to delivery or that Motorola will
deem the System Verification Testing successful.
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