Eagle Flies With Path 1

LEAGUE CITY, Texas -- Eagle Broadband (AMEX: EAG), a leading supplier of broadband wired and wireless products and services, announced today that it has signed a Memorandum of Understanding (MOU) with Path 1 Network Technologies Inc. (OTC BB: PNWK; Frankfurt: PNT), a leading provider of technology, equipment and services that merge broadcast-quality video transport with IP/Ethernet broadband networks. The MOU calls for Eagle Broadband and Path 1 to create a marketing and technology alliance to address the growing market for long distance, real-time, DVD-quality video distribution over convergent IP virtual private networks or private networks.“In addition to assisting us with our current long distance distribution of Video-over-IP commitments, Path 1 will work with Eagle to identify new convergent opportunities,” said Dr. H. Dean Cubley, Eagle Broadband’s Chairman of the Board and CEO. “There are a number of cities re-evaluating their historic broadcast and communications dependencies and considering replacing them with flexible IP infrastructures. With strategic partners like Path 1, Eagle is well positioned to design, build and operate the headend and content portion of these convergent networks utilizing components of our current, as well as future headend and content facilities now being utilized in our Texas-based Fiber-to-the-Home (FTTH) installations. With the Path 1 technology, Eagle can distribute content from our headend facilities over broadband IP networks into any distant part of the country without having to duplicate these facilities in each new location. This reuse of existing capabilities will allow Eagle to offer an extremely competitive content and service offering to many of the growing number of communities and municipalities that are currently planning the implementation of FTTH or similar networks in their local areas. It is anticipated that this capability and flexibility will permit Eagle Broadband to capture a large market share of these next generation video, voice and data networks.”Eagle BroadbandPath 1 Network Technologies Inc.