MEDIA RELEASE PR36173
DivX Announces Licensing Agreement With Motorola for DivX Certified(R) IPTV Set-Top Boxes
SAN DIEGO, Sept. 17 /PRNewswire-AsiaNet/ --
Motorola set-tops to support playback of digital video and
Hollywood movies in the high-quality DivX(R) format
DivX, Inc. (Nasdaq: DIVX), a digital media company, and Motorola, Inc.,
today announced a licensing agreement to adopt DivX(R) technology and certify
a new series of Motorola IPTV set-top boxes. To be initially available in
Europe, these set-tops will support the playback of high-quality standard
definition video in the DivX format.
DivX technology allows video content to be compressed to a fraction of
its original size, while maintaining excellent visual quality. Using DivX
software, up to eight standard definition movies can fit on an 8 GB USB flash
drive. Once DivX Certified(R), these new Motorola set-tops will enable
consumers to playback their favorite digital videos and Hollywood movies in
the DivX format stored on their personal USB drives.
Motorola is recognized as the world leader in the set-top market overall,
with #1 rankings in both cable and IPTV segments. Increasing adoption of the
DivX technology in the IPTV set-top segment complements the more than 200
million DivX devices shipped into the market, including Blu-ray players,
digital televisions, gaming consoles and mobile players from a wide range of
consumer electronics manufacturers.
"Motorola is committed to accelerating the delivery of personal media
experiences and satisfying consumer demand for high-quality, compelling
services," said Keith Kelley, Vice President and General Manager, EMEA and
Asia Pacific Set-top, Motorola Home & Networks Mobility. "With the wide
adoption of the DivX technology in Europe and the increasing availability of
Hollywood content in the DivX format worldwide, we felt it important to
incorporate DivX into our next generation of set-top boxes."
"Working with Motorola is a tremendous win for DivX that raises our
profile and penetration in Europe and markets worldwide," said Kevin Hell,
Chief Executive Officer at DivX. "We look forward to working with Motorola
and further expanding our presence in the set-top box market segment."
Products that bear the DivX Certified logo have undergone a rigorous
testing program to ensure a high-quality DivX media experience, including
reliable video creation and playback, interoperability with other DivX
Certified devices and the visual quality users expect from DivX.
About DivX
DivX, Inc. is a digital media company that enables consumers to enjoy a
high-quality video experience across any kind of device. DivX creates,
distributes and licenses digital video technologies that span the "three
screens" comprising today's consumer media environment-the PC, the television
and mobile devices. Over 200 million DivX devices have shipped into the
market from leading consumer electronics manufacturers. DivX also offers
content providers and publishers a complete solution for the distribution of
secure, high-quality digital video content. Driven by a globally recognized
brand and a passionate community of hundreds of millions of consumers, DivX
is simplifying the video experience to enable the digital home.
Forward-Looking Statements
Statements in this press release that are not strictly historical in
nature constitute "forward-looking statements." Such statements include, but
are not limited to, statements regarding DivX's visibility within the
investment community. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause DivX's actual
results to be materially different from historical results or from any
results expressed or implied by such forward-looking statements. These
factors include, but are not limited to: the risk that customer use of DivX
technology may not grow as anticipated; the risk that anticipated market
opportunities may not materialize at expected levels, or at all; the risk
that the Company's activities may not result in the growth of profitable
revenue; risks and uncertainties related to the maintenance and strength of
the DivX brand; risks associated with DivX's ability to penetrate existing
and new markets; risks regarding the effects of competition; the risk of
DivX's dependence on its licensees and partners; risks related to the effect
of intellectual property rights claims; and other factors discussed in the
"Risk Factors" section of DivX's most recent report filed with the Securities
and Exchange Commission. All forward-looking statements are qualified in
their entirety by this cautionary statement. DivX is providing this
information as of the date of this release and does not undertake any
obligation to update any forward-looking statements contained in this release
as a result of new information, future events or otherwise.
SOURCE: DivX, Inc.
CONTACT: Media,
Jennifer Baumgartner,
+1-503-901-5371,
jbaumgartner@divxcorp.com, or
Investors,
Karen Fisher,
+1-858-882-6415,
kfisher@divxcorp.com,
both of DivX, Inc.
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