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  • HUMAX - Successful penetration to U.S Market through Crossdigital : Sep 7, 2001
    HUMAX is pleased to announce successful penetration to U.S market through Crossdigital.
    Crossdigital, the Joint Venture of HUMAX and Samsung Electronics, has successfully developed new Set-Top Box for U.S market since its development in 2000.

    SIR-S60W, the developed Set-Top Box complying with U.S market requirements, is equipped with NDS technology as its conditional access software. It is well designed giving benefit for U.S market users allowing them to enjoy a wealth of interactive services, for example Wink T-Commerce along with hundreds of channels and Pay-per-view opportunities.

    First delivery of STB to U.S market expects to start from the middle of September of 2001, and total sales are anticipated to be approximately U$20 million this year.


  • HUMAX has signed massive deal worth $200 mil. with Middle East market leader ORBIT : Aug 2, 2001
    HUMAX has signed the digital Set-Top Boxes supply agreement worth $200 mil. with ORBIT(http://www.orbit.net), the leading satellite operator in the Middle East and North Africa. The first delivery is scheduled for Spring 2002.


    The Set-Top Box to be supplied will offer ORBIT's subscribers Interactive services, networked games, Pay-Per-View, E-mail, T-commerce opportunities and uses Mediaguard technology as its Conditional Access Software. Additionally, it incorporates the Mediahighway interactive middleware, developed by Canal+ Technologies, to integrate the JavaTM Virtual machine, chosen by the DVB consortium for MHP Set-Top Boxes.

    Adding to its unrivalled offerings in premium international programming and first class local productions, ORBIT is set to surpass its past accomplishments by offering an expanded line-up of interactive services for its viewers in the Arab world, the first of their kind in the Middle East & North Africa.

    HUMAX has manufacturing facilities in Korea and Northern Ireland and a total manufacturing capacity of over 3,000,000 units per year. Dae Gyu Byun, Ceo of HUMAX was recently honored by BusinessWeek as one of the fifty stars innovating Asia.


  • Operating Income upped 236 percent in the first half : July 2, 2001
    HUMAX's first half operating income totaled 40.3 billion won, up 236 percent, with its ordinary income reaching 45.6 billion won, up 165 percent, and sales up 93 percent at 110.3 billion won from a year ago.

    Operating income margin stood at 36.5 percent, with its gross profit margin at 43.9 percent. The operating income margin was attributed to the sales growing of high value added STBs(embedded conditional access system).
    The impressive earnings performance was a result of the fast growing overseas markets for set-top boxes.

  • The first-quarter net profit tops W20.6 bil($15.4million) : Apr 10, 2001
    HUMAX topped 20.6 billion won ($15.4 million) in net profits in the first quarter, ending March 31, up 182 percent from 7.2 billion won a year earlier. The net profit represented a slight increase from analyst estimates, as the steep depreciation of the won against the dollar in recent months strengthened Humax's price competitiveness.

    January-March sales totaled 55.6 billion won ($41.6 million), up 116 percent from 25.7 billion won in the first quarter of 2000. Its sales in March alone amounted to over 20 billion won. Production rates were also up, with Humax turning out double that of the same period last year.

    First quarter operating profits also shot up to 19.9 billion won, up from 3.8 billion won during the same period last year.

    Surging sales were partly attributed to a shift in strategy from low-margin free-to-air (FTA) models to a high value added conditional access system (CAS). The ratio of operating profit to net sales, a measure for business operation efficiency, topped 35.83 percent in the first quarter, up from 26 percent the previous quarter.

  • HUMAX supplies Set-Top-Box worth $20 mil. to Danish electronics vendor : Mar 05, 2001
    HUMAX signed an agreement with a Danish electronics vendor(Kjaerulff) to supply $20 million worth of its products each year, as part of its push to enter the European market.

  • HUMAX supplies Set-Top-Box worth $2 mil. to Swiss broadcaster : Feb 20, 2001
    Humax has signed with a Swiss broadcaster to supply $2 million worth of its product this year. Humax will provide its digital TV receivers to Valaiscom, which will launch the nation's first digital terrestrial broadcasting service this year. The deal will provide a strong foothold for Humax's advance into the fledgling digital TV market in Switzerland.