Setting the pace

Television set-top box developer Pace Micro Technology has made key breakthroughs in the US pay-TV market

Television set-top box developer Pace Micro Technology has reported a dramatic upswing in its fortunes after key breakthroughs in the lucrative US pay-TV market.

Pace, which is based at Saltaire near Bradford, now ships its products to American broadcast giants DirecTV and Comcast, boosting the number of its boxes delivered to the US to 1.2 million in its last financial year, a six-fold increase on the previous 12 months.

North America is now Pace’s largest market, a shift from the situation of a few years ago when European cable operators dominated its customer base.

The trans-Atlantic success helped the Yorkshire company’s sales to more than double to £386m, and returned it to the black with a £6.1m profit against a £16m loss in the same period last year.

According to Pace the growing global demand for personal video recorders (PVRs) and products compatible with HDTV broadcasting should continue to drive the TV technology market forward.

‘With flat panels, digital TV, high definition and PVRs all becoming must-haves for the consumer, the consequent demand for set-top boxes gives us an exciting market to address,’ said Pace’s chief executive Neil Gaydon.