Celrun and Metalink Launch Wireless High-Definition IPTV Set-Top Box at IPTV World Forum

PRAGUE, Czech Republic, May 15 -- Celrun Co. Ltd., a leading IP set-top box vendor, and Metalink Ltd. (NASDAQ: MTLK), a provider of high-performance wireless and wireline broadband communication silicon solutions, today announced their collaboration to launch a next generation IPTV set-top box at the IPTV World Forum Eastern Europe tradeshow in Prague, Czech Republic, May 15-16, 2007.

Celrun's new IP set-top box, powered by Metalink's 802.11n WLANPlus(TM) chipset, will be demonstrated at the show, featuring the delivery of high-definition (HD) video over wireless home networks. Demonstrations are available at Celrun's Booth #31.

Mike Arden, Principal Analyst, Broadband at ABI Research,
said: "According to our latest IP set-top box report, issued in March 2007, Celrun captured the top market share in the Asia Pacific region and landed among the top four vendors for the worldwide IP set-top box market share."

Celrun's new set-top box is designed to deliver HD IPTV over Wireless LAN. The wireless delivery of HD video streams is enabled by Metalink's 802.11n WLANPlus. Metalink's WLANPlus chipset family presents the cutting-edge technology of video-grade requirements for wireless home networks, supporting both 2.4GHz and 5GHz. In line with the specifications of IEEE drafts for 802.11n Wi-Fi certification, it is fully compliant with 802.11a/b/g-based legacy devices, as well as 802.11h (radar detection), 802.11i (security) and 802.11e Quality of Service (QoS). Metalink's chipset supports optional standard features, as well as proprietary algorithms, to meet the critical demands required for sensitive multimedia applications, that require superior bandwidth and the lowest possible jitter, latency and packet loss.

"We see a growing demand for IP set-top boxes that support the delivery of HD multimedia content via IPTV over Wireless LAN," said BJ Lee, Vice President at Celrun. "As a global leader of IPTV technology, we are committed to providing our customers with the most advanced IPTV solutions, and have thus examined various wireless technologies. We selected Metalink's WLANPlus as it proved to be the best-of-breed solution enabling the wireless delivery of HD multimedia content at wire-like quality."

"We are very happy that Celrun, a global leader in IP set-top boxes, selected Metalink as its 802.11n chipset partner," said David Pereg, Vice President of Corporate Development at Metalink. "Celrun's new IP set-top box is a cutting-edge home entertainment device. Embedded with our innovative WLANPlus technology, it provides customers with the best solution for delivering HD multimedia content, ensuring full home coverage."

About Celrun

Celrun Co., Ltd. (Kospi:013240), is a diversified IP set top box manufacturer and end-to-end IPTV/VOD solution provider developing IPTV solutions for various market segments. Since its inception in 1999, the company has been enjoying a market-leading position in the IPTV industry by deploying more than 800,000 units of IP set-top boxes. Recognized as one of the fastest growing IP STB/ IPTV solution developers, Celrun was awarded "Microsoft's Partner of the Year" in 2004 and participated in Microsoft's Joint Development Partner (JDP) programs for three consecutive Win CE OS (v4.0/ 4.2/ 5.0) co-development.

Using Celrun's end-to-end IPTV/VOD solution (CelrunTV), Hanaro Telecom, the 2nd largest fixed line telecom company in Korea, launched hanaTV in July 2006. As of January 2007, this service has 300,000 subscribers with a target to deploy 1 million set-top boxes in 2007 and 2 million boxes by the end of 2008.

Headquartered in Seoul, Korea, Celrun currently has 160 employees, with revenues of over 100 million USD in 2006. Celrun invests over 60% of its resources in Research and Development, serving top-tier customers worldwide, and focusing on providing cutting-edge communication solutions.

Further information is available at http://www.celrun.com/eng/

About Metalink

Metalink Ltd. (NASDAQ: MTLK) is a leading provider of high performance wireless and wireline broadband communication silicon solutions. Metalink's WLAN and DSL technologies are designed to enable true broadband connectivity in every home, and its products revolutionize the broadband experience by facilitating the convergence of telecommunication, networking and entertainment.

Metalink's WLANPlus(TM) is a high-throughput, 802.11n-draft-compliant wireless LAN technology optimized for the networked home entertainment environment. Featuring advanced MIMO technology and full support of QoS, and operating in both 2.4GHz and 5GHz bands, WLANPlus enables multi-room networking of multiple high-definition video streams. In addition, Metalink offers a broad range of symmetric DSL and VDSL products used by operators as a cost-effective network upgrade to support triple-play services.

Headquartered in Yakum, Israel, the company has design centers in USA (Atlanta, GA) and Taiwan, and sales offices in USA (Atlanta, GA), South Korea, Japan, China and Taiwan. Further information is available at www.metalinkbb.com

Source: Celrun Co. Ltd. & Metalink Ltd.

BJ Lee
Celrun Co. Ltd.
Tel +82-2-2140-4885

Mor Abraham
Marketing Communications Manager
Metalink Ltd.
Tel: +972-9-9605406

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