Boca Research Announces Technology Development and Licensing Agreement with LodgeNet Entertainment Corporation

Strategic Insights -

Boca Research, Inc. has announced a technology development and licensing agreement with LodgeNet Entertainment Corporation, a leading provider of broadband services to the lodging industry. The agreement will enable LodgeNet to integrate its Liberate Technologies TV Navigator software with Inprimis Technologies' i2020 interactive set-top box and broadband local area network (b-LAN) technology. This partnership will provide hotel guests with a state-of-the-art in-room entertainment system, offering interactive TV content and high-speed internet access.

Key Takeaways:

  • Boca Research has signed a technology development and licensing agreement with LodgeNet Entertainment Corporation to develop broadband systems for hotel guest rooms.
  • The agreement will integrate Inprimis Technologies' i2020 interactive set-top box with LodgeNet's Liberate Technologies TV Navigator software and b-LAN technology.
  • Larry Light, Chief Operating Officer of Inprimis Technologies, Inc., stated that the agreement will create a state-of-the-art in-room system for hotel guests.
  • David M. Bankers, Senior Vice President of Business Development and Chief Technology Officer for LodgeNet, commented that the partnership will provide key hardware and consulting capabilities for LodgeNet's interactive broadband content distribution platform.
  • Boca Research's sales consist of a limited number of customers, and the loss of one or more customers could adversely impact operating results.
  • The agreement represents one of the first services and licensing agreements negotiated and entered into by Inprimis Technologies since its establishment.

Statistics:

  • Over 4,900 lodging properties and 760,000 rooms in the United States and international markets are served by LodgeNet Entertainment Corporation.
  • More than 200 million travelers have access to LodgeNet systems on an annual basis.
  • Boca Research has been in operation since 1985 and has subsidiaries including Inprimis Technologies, Inc. and Boca Global, Inc.
  • Inprimis Technologies focuses on worldwide technology design services for Internet-based infotainment and entertainment appliances business.
  • Boca Global is a leading supplier of computing enhancement products, including modems, I/O cards, and graphics.

Sources:

  • Boca Research, Inc. (Nasdaq: BOCI) - March 27, 2000
  • LodgeNet Entertainment Corporation (Nasdaq: LNET) - www.lodgenet.com
  • Boca Research Corporate Information - Founded in 1985, headquartered in Boca Raton, Florida
  • Inprimis Technologies, Inc. - subsidiary of Boca Research
  • Boca Global, Inc. - subsidiary of Boca Research
  • AppsCom, Inc. - subsidiary of Boca Research
  • Business Wire - "Boca Research Signs Technology Development and Licensing Agreement with LodgeNet Entertainment Corporation" - March 27, 2000