DivX Announces DivX Certified(R) LG LAD-9600 In-car DVD Player
June 27 2007 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ:DIVX) and LG Electronics, Inc., a leader in
consumer electronics and mobile communications, today announced the
DivX� Certification of the LG LAD-9600 in-car DVD player, to be
sold in Brazil, Mexico, Chile and Central America. The device gives
Latin American consumers the freedom to access their digital media
content on the road. The LAD-9600 guarantees seamless playback of
high-quality DivX video on its seven-inch LCD 16:9 display. Users
can transfer their content to the device via USB, Bluetooth, or a
CD or DVD. The product also features a full in-dash motorized
monitor and a 50Wx4ch (Max) MOSFET amp. DivX Certification of the
LAD-9600 lets users move beyond traditional playback devices such
as the PC or DVD player and expands the DivX ecosystem in Latin
America to video on-the-go. This device from LG joins more than 90
million other DivX Certified devices currently on the market,
offering users a truly interoperable experience with their digital
media. �The growth of digital media has led to an increase in
consumer demand for more ways to access content via consumer
electronic devices,� said Mario Quinteros Pino, Product Manager, LG
Electronics, Inc. �The DivX Certified LG LAD-9600 allows users to
enjoy their content on the road, offering an enriching digital
media experience when and where they want it.� �DivX is excited to
extend its partnership with LG to enable new in-car DVD players in
Latin America to play DivX content natively,� said Patrice
Lagrange, Vice President and Group Business Manager, Media
Languages, DivX, Inc. �Extending the reach of our core technology
in emerging markets and in new devices helps strengthen the power
of the DivX common media language, and the attractiveness of our CE
partners� innovative products. Consumers around the globe benefit
from this extended rich and ubiquitous media interoperability.�
Products that bear the DivX Certified logo have undergone rigorous
testing to ensure a high-quality DivX media experience, including
reliable video playback, interoperability with other DivX Certified
devices and the visual quality users expect from DivX. Learn more
about DivX Certified devices at www.divx.com/products/. About LG
Established in 1958, LG Electronics, Inc. (LG) is a global leader
and technology innovator in consumer electronics, home appliances
and mobile communications, employing more than 82,000 people
working in over 110 operations including 81 subsidiaries around the
world. Comprising four business units - Mobile Communications,
Digital Appliance, Digital Display and Digital Media with 2006
global sales of USD 38.5 billion - LG is the world�s leading
producer of CDMA/GSM handsets, air conditioners, front-loading
washing machine, optical storage products, DVD players, flat panel
TVs and home theater systems. For more on LG Electronics visit
www.lge.com. About DivX, Inc. DivX creates products and services
designed to improve the experience of media. Our first product
offering was a video compression-decompression software library, or
codec, which has been actively sought out and downloaded over 220
million times since January 2003, including over 70 million times
during the last twelve months. We have since built on the success
of our codec with other consumer software, including the DivX
Player application, which is distributed from our website,
www.divx.com. We also license our technologies to consumer hardware
device manufacturers and certify their products to ensure the
interoperable support of DivX-encoded content. In addition to
technology licensing to consumer hardware device manufacturers, we
currently generate revenue from software licensing, advertising and
content distribution. 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; DivX�s ability to penetrate existing
and new markets; the effects of competition; DivX�s dependence on
its licensees and partners; the effect of intellectual property
rights claims; and other factors discussed in the "Risk Factors"
section of DivX�s quarterly report on Form 10-Q filed with the SEC
on May 15, 2007. 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.
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