PPC® has agreed in principle to acquire Evolution Broadband, a leading supplier of home distribution and subscriber drop systems for the North American cable and telecommunications market. PPC will leverage the sales and new product development strengths of both companies to deliver innovative solutions from both product lines and to continue providing responsive sales and service across its newly expanded customer base.

Evolution Broadband's acquisition by PPC will unite two proven lines of complementary products and services into one extensive portfolio. All PPC and Evolution Broadband customers will have access to the combined product portfolios of both companies. Equipped with these solutions, PPC is even better prepared to meet the needs of customers worldwide. From a customer perspective, daily operations will proceed without disruption of the customer experience and, in fact, will enhance PPC's coverage, focus, and service. The deal is expected to be closed within the next 30 to 60 days.

Evolution Digital, LLC is not part of the PPC acquisition and will remain a separate entity. Evolution Digital will continue to focus on selling and developing products designed for cable operators to convert their systems to an all-digital video platform freeing up enormous bandwidth for advanced services. Evolution Digital will continue to be managed by Chris Egan and Brent Smith and will maintain all current partnerships with TiVo®, Conax®, and various manufacturing partners.