SMIT Corporation Jointly Introduces Market's First Integrated CI Plus Conditional Access Module with

- World's first conditional access module bundled with a smart card chip into a single, integrated and pre-paired solution

September 7, 2012 – SMIT Corporation (“SMIT”), a leading provider of devices that enable secure digital content delivery, today announced that the Company jointly introduced market’s first Integrated CI Plus Conditional Access Module (“Integrated CAM”), which bundles a pre-paired high security smart card chip with a proven designed CI Plus E37module with Conax AS (“Conax”), a leading global provider of solutions for protecting multi-device digital content.

“The introduction of the integrated CI+ Module represents another strategic deployment and innovative breakthrough in CAM products,” said Mr. Hongyu Shuai, President of SMIT. “We are excited to be chosen as Conax’ partner on such an important new product that can help proliferate digital pay TV subscription through simplicity and affordability. SMIT has been supplying millions of CAM products to Conax’ customers in the past seven years and looks forward to maintaining our close relationship.”

Integrated CAM’s new technology eliminates the need for additional pairing with smart card and is ready to use in existing CI or CI Plus iDTVs. This new CAM solution aims to simplify operators’ order process and expedite delivery time by pairing the smart card with CAM in the factory and delivers directly to subscribers. Integrated CAM ensures the same high-level security for content protection and brings consumer closer in accessing secure, featured content from operators.

Morten Solbakken, CEO, Conax, “Conax has teamed up with a strategic partner to deliver a world class solution – the industry’s first integrated CI+ Module. This new Conax partner solution will provide operators with significant benefits in terms of reduced logistics and savings on customer care, while maintaining the high level of security they have come to expect from Conax.”

About Conax AS

Conax provides the future-oriented security solutions and expertise that empower multi-screen digital TV content providers around the globe to deliver premium content over the combined Over-The-Top scenario of broadcast, broadband and connected devices securely and eliminate potential revenue threats. Conax Contego™ portfolio of solutions furnish content providers, cable, satellite, IP, mobile and terrestrial operators with solutions that offer a competitive advantage - reduced hardware costs, easy deployment and upgrade, including the new Conax Xtend Multiscreen™ together with partners. Conax flagship, Conax Contego™, bundles 25 years of pioneering experience into one unique solution to guide operators in navigating and realizing new business models. Through its benchmark policy for security-evaluated client devices and strategic partner network, Conax technology secures content for operators representing 125 million pay TV consumers in over 80 countries around the globe.

ISO 9001 & 27001 certified, Conax is headquartered in Oslo, Norway, and represented in Russia, Germany, Brazil, USA, Canada, Mexico, Indonesia, Philippines, Thailand, China, Singapore, with 24/7 Global Support operations in India. Conax is part of Telenor Group who has operations in 11 markets, 33.000 employees, 125 million mobile subscriptions and is among the world’s largest mobile operators. For more information, please visit http://www.conax.com.

About SMIT Corporation

SMIT Corporation (“SMIT”) provides devices that enable secure digital content delivery for the pay-TV industry, allowing authorized subscribers access to protected content. SMIT is a global leader in the design and development of conditional access modules (“CAM”s), which enables the delivery of premium content to digital TVs without the need for a set-top-box (“STB”). SMIT’s CAMs are custom designed to meet the strict security requirements of each conditional access (“CA”) provider and the varied user-interface and compliance requirements of each pay TV operator. As Over-the-Top TV (“OTT”), internet video streaming, enriches the way content is delivered and consumed, SMIT also provides OTT solution and offers cloud platform to allow access to paid content by multiple screens in the household.

SMIT was founded in 2003 and is headquartered in Hong Kong, with branch offices in Shenzhen, Beijing, Munich and Palo Alto, California. SMIT currently has approximately 300 employees. For more information, please visit http://www.smit.com.cn.