Miranda Technologies to Acquire NVision

Miranda Technologies has announced that it has entered into apurchase agreement with ADC Telecommunications, a leading globalsupplier of network equipment, fiber optics, software, and systemsintegration, to acquire NVision (www.nvision1.com), which has operated as a divisionof ADC since it was acquired in 2000. The Grass Valley, Calif.-basedmanufacturer produces routing switchers and signal-processing equipmentfor the broadcast, postproduction, and production industries. The dealis expected to close in April, subject to the satisfaction of customaryclosing conditions by the parties. Financial terms of the agreementwere not disclosed.

The acquisition will further round out Miranda's product offering inlarge-scale video and audio routing, audio signal processing, andconversion, as well as fiber-optic interfaces, and positions Miranda asa key supplier for large infrastructure projects.

The purchase agreement covers all NVision assets, including a strongportfolio of more than 40 technology patents and represents asignificant expansion of Miranda's activities in the United States withthe formation of Miranda MGV, a new entity based in Grass Valley,Calif., that will regroup NVision personnel, facilities, manufacturing,engineering, and technical support with existing Miranda U.S. salesoperations.

"With this agreement, Miranda continues to consolidate and bolsterits market presence with world-class personnel and technologies," saidMiranda President Christian Tremblay. "NVision furthers our ability toprovide complete infrastructure solutions to our customers and systemsintegrators around the globe."

"This is an ideal alliance in terms of vision, product, personnel,and geographic complements," said NVision founder and vice president,broadcast products, Birney Dayton. "As part of Miranda, we're confidentthat we can further support our customer base and products designed forthe television industry."

Founded in 1989, NVision has a long history of expertise in digitalaudio and HDTV distribution and signal processing, and more recentlyhas led the way in technology development of large-scale digital videoand audio routers, including the first large-scale HDTV router. TheNVision series of digital video routers provides the ability to routestandard SDI and HD-SDI signals (to 1.5GB data rates) in the same frameat the same time.

"Working with Miranda will allow NVision to continue developinginnovative solutions for the broadcast industry," said NVision Directorof Engineering Chuck Meyer. "We are extremely excited about the synergybetween NVision products and Miranda's Master Control interface andmonitoring product lines. With our combined product offerings, we arebetter positioned to serve the needs of customers who are buildinglarger multichannel facilities as a result of broadcast consolidationand multi-channel digital television for cable and satellite."

"The NVision series of routers has set a standard forinfrastructure-sized routers in mission-critical applications, with alevel of redundancy that is unsurpassed in the industry," saidMiranda's vice president of product development, Michel Proulx."NVision in many ways has been a pioneer in our industry, and itsexpertise adds immense breadth and value to Miranda's existing productand technology lineup."

About Miranda
Miranda Technologies is a world leader in designing, manufacturing, andmarketing video infrastructure products and solutions for thebroadcast, audiovisual, videoconference, and video transport markets.In addition to Miranda's headquarters and R&D facilities inMontreal, the company also has research, manufacturing, and salesoffices in the U.S., U.K., and France, as well as Asian regional salesheadquarters in Tokyo, Japan. Miranda's products are also representedworldwide by a network of professional distributors, dealers, andsystems integrators.