Innovation Support From Scottish Enterprise Fife

19 Sep 2002

No more arguments with your family over who gets to watch digital TV.  Innovation grant support from Scottish Enterprise Fife will help Exterity deliver multi-channel digital TV to every room in your home.

Exterity Limited, Fife based digital media technology company, today announced that it had received a Small Companies Innovation Support grant from Scottish Enterprise Fife. This support combined with seed funding announced in August enables Exterity to accelerate development of its InSocket technology and to bring its first product, the video iSocket, to market early in 2003.

The wall-mounted iSocket is now set for a launch in early 2003 and is the first product from the company's innovative InSocket technology which makes it possible to access digital audio, video, TV and data from every room in the home.

Working closely with Small Business Gateway's (SBG) High Growth service, Exterity was able to access advice on its business development plan and ensure it could make the most of its potential for rapid growth.  The Small Companies Innovation Support grant is available to small and medium size enterprises involved in product or process development.

Mark Hastings, Director of Growing Businesses for Scottish Enterprise Fife, said, "The growth of home networking and multi-room audio, video and digital TV systems has been limited by cost and complexity.  Exterity have now removed these barriers and I am pleased Scottish Enterprise Fife has been able to play an important role in taking them closer to the market launch of their first product."

He added, "The Company's InSockett technology has a very practical application and any family with a digital TV will know of the desire to have access to the service in more than one room without more intrusive set-top-boxes.  Exterity has come up with an innovative solution and their focus on the end user for their products puts them in a strong position for the future."

Welcoming the grant, Colin Farquhar, CEO of Exterity, said, "In the last few weeks we have made very encouraging progress: we've closed on seed funding, relocated to the Rosyth Europarc, doubled the team size, and now received this significant support from Scottish Enterprise Fife for the development and launch of the video iSocket."

About Exterity
Exterity turns high-bandwidth IP networks, such as corporate LANs, into vibrant Audio/Video (AV) content networks. Exterity's core technology, in-sockettm, allows home entertainment appliances, such as televisions, to be connected directly to wall-mounted iSockets to get direct and easy access to all available digital media and services.

Exterity is based in Rosyth, Scotland.

Press Contacts
Colin Farquhar
Chief Executive Officer

Exterity Limited
REBIC, 15 Cromarty Campus
Rosyth Europarc
Fife, EH1 3LH
Scotland

t: +44 1383 427624
m: +44 7867 510357
e: colin.farquhar@exterity.co.uk