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PIC Powershares Dynamic Insurance Portfolio

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Name Symbol Market Type
Powershares Dynamic Insurance Portfolio AMEX:PIC AMEX Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0 -

Re Contract

27/05/2003 12:00pm

UK Regulatory


RNS Number:5486L
Pace Micro Technology PLC
27 May 2003



27 May 2003



          Pace signs an Italian digital satellite customer



Pace Micro Technology plc has today announced a set top box contract with Sky
Italia, the Italian satellite broadcaster owned by News Corporation and Telecom
Italia.   Deliveries are expected to commence in Summer 2003 to support the new
Sky Italia service launch.



                                     -ends-



About Pace Micro Technology

Pace Micro Technology plc (LSE: PIC) is a leader in digital television
technology.  The Company's primary focus is the development of innovative home
gateway (set-top box) solutions for operators, broadcasters, telecommunications
companies and retail markets worldwide.  In addition, Pace develops edge of
network devices for service providers, in particular digital IP gateways for
low-cost integrated voice and data services.



Pace's head office is in Shipley West Yorkshire, with further offices in
Bracknell, Cambridge, the USA, France and Hong Kong.  For further information,
please visit Pace's web site at http://www.pace.co.uk.



About Sky Italia

SKY is the new Italian satellite platform owned 80.1% by News Corp and 19.9% by
Telecom Italia created on April 30, 2003 following the merger between Telepiu
and Stream.  The launch of the new service will begin in Summer with an offering
never available before in Italy of more than 100 television, audio, interactive
and pay-per-view channels ranging from sports to cinema, news, entertainment,
documentaries, children, music and much more.



Contacts


Pace Micro Technology plc                            Sky Italia
Helen Kettleborough                                  Tullio Camiglieri
+44 1274 538005                                      +39 06 8866. 3542
+44 7887 634083


Ginny Pulbrook
Citigate Dewe Rogerson
+44 20 7282 2945




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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