DivX Announces Licensing Agreement with Sigma Designs That Includes Next-Generation DivX Plus(TM) Certification
January 07 2009 - 8:00AM
PR Newswire (US)
SAN DIEGO, Jan. 7 /PRNewswire-FirstCall/ -- DivX, Inc.
(NASDAQ:DIVX), a digital media company, today announced a broad
licensing agreement with Sigma Designs (NASDAQ:SIGM), a leader in
digital media processing system-on-chip (SoC) solutions for
consumer electronics. Under the agreement, DivX will incorporate
its technology in a range of integrated circuit (IC) solutions from
Sigma for consumer electronics products including IPTV set-top
boxes, Blu-ray players, HDTVs, digital media adapters and personal
media players. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO) The
agreement also addresses the recently announced DivX Plus(TM) HD
certification program. DivX Plus is the next standard of DivX
Certification(TM), offering support for the latest version of
DivX(R) technology included in the released Version 7 of the DivX
software available on DivX.com. DivX 7 is based on the
next-generation H.264 video standard, offering true HD video with
high-quality AAC audio. DivX Plus certified devices will also be
fully compatible with all previous versions of DivX video, offering
consumers a comprehensive solution for the majority of high-quality
Internet video. "Consumers have embraced DivX technology as a part
of their ecosystem for playing back high-quality video on a range
of devices," said Ken Lowe, vice president of strategic marketing
at Sigma Designs. "The addition of H.264 technology to the new DivX
Plus offering further extends the DivX value proposition by
extending support for the newest standard of high-quality video."
"Sigma Designs is a leading provider of premium multimedia
integrated circuit solutions, and their decision to adopt DivX Plus
Certification only reinforces their position as a leader in the
market," said Kevin Hell, Chief Executive Officer, DivX, Inc. "We
look forward to working with Sigma to add DivX support to their IC
products which power a variety of consumer electronics products."
For more information on DivX Certification, visit
http://www.divx.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(R)
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. About Sigma Designs, Inc. Sigma Designs is a leading
fabless semiconductor provider of highly integrated system-on-chip
(SoC) solutions that are used to deliver multimedia entertainment
throughout the home. Sigma's SoC solutions include media
processing, wireless communications, and video image processing
along with system software to form the critical components of
consumer electronic products that include Internet protocol TV
(IPTV) set-top boxes, Blu-ray players, high definition televisions
(HDTV), and media communication devices. Headquartered in Milpitas,
Calif., Sigma Designs has direct sales representatives in the
United States, Europe (Belgium), China, Japan, Taiwan and a
third-party distributor in Korea. For more information, please
visit Sigma Designs' web site at http://www.sigmadesigns.com/.
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 Investor, Karen Fisher,
+1-858-882-6415, , both of DivX, Inc. Web Site:
http://www.divx.com/ http://www.sigmadesigns.com/.
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