Myrio Signs Strategic Worldwide OEM Agreement with Siemens To Provide End-to-End IP Video Solution to Broadband Service Providers

Bothell, Wash. - Myrio Corporation, a leading provider of IP video software and services, today announced that Siemens AG (NYSE: SI) has signed a strategic worldwide OEM agreement to sell and integrate the Myrio IP Video Platform with Siemens’ SURPASS Home Entertainment, the Next Generation Access platform for the delivery of voice, data and broadband data services. The collaboration between the two companies will enable Siemens to integrate the Myrio IP Video Platform with it’s SURPASS platform to offer the complete solution under the Siemens brand.

“IP video deployments demand end-to-end solutions that offer choice, flexibility and speed to market,” said Harald Schweickhardt, Vice President, Siemens AG. “The combination of the flexible Myrio IP Video Platform and Siemens SURPASS Home Entertainment platform makes it easy for users to enjoy both entertainment and communication services on the TV. These simple-to-use services are available to any consumer possessing a television and a DSL line, turning the television into a true entertainment and communications center. We believe Myrio and its IP video solution will provide us with a stronger integrated solution and help us continue to build on our successes.”

SURPASS provides smooth and cost-effective migration towards an all-IP and optics converged network for every type of service and application. The SURPASS Home Entertainment solution from Siemens is a modular concept that allows each carrier to create a customized strategy for entry into the multimedia business. This SURPASS Home Entertainment solution is a key element in the strategic LifeWorks offering, providing consumers with a unified, end-to-end means of communication across various devices and media.

“Siemens is a leading global provider of communication solutions, IP convergence applications and broadband access systems. This strategic OEM agreement will expand our worldwide channel and distribution capabilities and will enable us to reach new customer segments,” said Chris Coles, president and CEO of Myrio. “Siemens’ decision to enter the IP video market with its own bundled solution powered by Myrio’s IP Video Platform further demonstrates the viability of the market and validates our proven IP video technology.”

The Myrio IP Video Platform is Java-based, which is an ideal carrier-class platform for emerging interactive services and applications, such as video and other broadband multimedia applications. The flexibility of Myrio’s platform will enable customers to deploy video in a cost effective, timely manner and will generate additional revenue streams by fulfilling and enriching the consumer’s broadband experience.

The Myrio IP Video Platform consists of two highly successful core products, Myrio® TotalManage, the back-office subscriber and content-management application, and Myrio® Interactive, the full-featured end-user application. It enables the carrier to benefit from various new features including multiple language support, client Personal Video Recorder (cPVR), and web browser enhancements.

About Myrio

Myrio is a leading provider of software, content and integration services that enable new video revenue opportunities for broadband operators by leveraging their infrastructures. Myrio’s IP Video Platform consists of Myrio Interactive TM, a full-featured end-user application enabled via a set-top box, and Myrio TotalManageTM, a back-office subscriber and content management solution. Myrio's products and expertise enable operators to deploy more quickly and offer their subscribers a full range of IP-based digital television and on-demand entertainment while lowering the total cost of ownership through operational efficiencies and hardware choice. A pioneer in the industry, Myrio has commercially deployed its products to operators throughout the United States, and is conducting customer trials internationally as well.

Myrio is a privately held corporation funded by Ridgewood Capital, NeoCarta Ventures, Alexander Hutton Venture Partners and Siemens Venture Capital. For more information, please visit Myrio's web site at www.myrio.com.