Samsung Electronics to Release DivX Certified Digital Televisions to Global Market
January 07 2009 - 8:00AM
PR Newswire (US)
Device Enables High-Quality Playback of DivX Video Following
Multi-year Licensing Agreement between Two Companies SAN DIEGO and
SEOUL, South Korea, Jan. 7 /PRNewswire-FirstCall/ -- DivX, Inc.
(NASDAQ:DIVX), a digital media company, and Samsung Electronics Co,
Ltd, a market leader and award-winning innovator in consumer
electronics, today announced that the first DivX Certified Samsung
flat-panel HD television (HDTV) will be available in global markets
in March 2009. The Samsung HDTV achieved DivX Certification
following a multi-year HDTV licensing agreement between the two
companies announced late last year. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO) DivX is a
high-quality digital video technology that allows consumers to
create and watch content on the PC, living room and on the go. The
Samsung DivX certified HDTVs enables consumers to easily playback
high-quality DivX video directly on the television. The new device
joins a range of existing DivX Certified products from Samsung,
including DVD players, mobile phones and more. Over 100 million
DivX Certified(R) devices have already shipped worldwide from major
manufacturers. "We are proud to offer consumers a true cutting-edge
experience with our line of leading digital televisions, and the
addition of high-quality DivX video playback helps ensure that
promise," said Kyungshik Lee, Vice President of Visual Display
Division at Samsung Electronics. "With Samsung flat-panel HD
televisions in this year, it's easy for consumers to enjoy all
their favorite multimedia content from the PC or the Internet
through a simple USB or Ethernet interface certified by DLNA."
"Samsung Electronics has been a leader in adopting DivX technology
across multiple product lines, from DVD players to mobile devices,"
said Kevin Hell, Chief Executive Officer, DivX, Inc. "The release
of the first DivX Certified Samsung HDTV marks a real milestone for
consumers who want the freedom to enjoy their digital video
whenever and however they choose." For more information on DivX
Certification, visit http://www.divx.com/. About Samsung
Electronics Samsung Electronics Co., Ltd. is a global leader in
semiconductor, telecommunication, digital media and digital
convergence technologies with 2007 consolidated sales of US$105
billion. Employing approximately 150,000 people in 134 offices in
62 countries, the company consists of four main business units:
Digital Media Business, LCD Business, Semiconductor Business, and
Telecommunication Business. Recognized as one of the fastest
growing global brands, Samsung Electronics is a leading producer of
digital TVs, memory chips, mobile phones and TFT-LCDs. For more
information, please visit http://www.samsung.com/. 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 100
million DivX Certified 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.
http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO
http://photoarchive.ap.org/ DATASOURCE: DivX, Inc. CONTACT: Media,
Tom Huntington, +1-858-882-0672, , or Karen Fisher,
+1-858-882-6415, , both of DivX, Inc. Web Site:
http://www.divx.com/
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