NDS Receives Full Payment of Damages from EchoStar

NDS is pleased to announce that pursuant to the decision on 23 January 2012 by the Supreme Court of the United States of America to deny a petition to hear a challenge by EchoStar and Kudelski, it has received full payment of US$18,935,399.49 for damages in recognition that NDS were found sole prevailing party and vindicated of all allegations of piracy.

Dr. Abe Peled, Executive Chairman, NDS Group commented: “This brings an end to this long drawn-out process in which we vehemently denied all allegations of piracy which were made against us over a decade ago. Piracy is an issue throughout the industry and injurious to all in the value chain; it is only with the active anti-piracy efforts of companies such as ourselves that the pay-TV industry is able to evolve and continue to enable people to enjoy premium TV viewing.”

 

Dr. Peled continued: “NDS is a global leader in the fight against pay-TV piracy, having repeatedly and successfully assisted law enforcement in that important effort. We have an established record of successfully protecting billions of dollars worth of content for our customers and will continue in our efforts to secure their business.”

 

He concluded: “It is testament to the work of our employees that our business, and that of our customers, has continued to grow and enable innovation in not only content security but software solutions that enable us to change the way the world is entertained and informed. As one of Europe’s largest software providers and the global industry’s leading, we are proud to be supporting industry growth and development for the next generation.”