LG Electronics and DivX Announce the World's First Consumer Electronics Devices With DivX(R) HD 1080p Playback
April 22 2009 - 8:00AM
PR Newswire (US)
More Than 120 LG Digital TV Models Now DivX Certified(R) for
Playback of DivX(R) High Definition 1080p Video SAN DIEGO, April 22
/PRNewswire-FirstCall/ -- DivX, Inc. (NASDAQ:DIVX), a digital media
company, and LG Electronics, Inc. today announced that LG's new
line of digital TVs is the world's first device series capable of
playing back full DivX(R) HD 1080p videos. More than 200 models of
LG digital TVs have been DivX Certified(R), including the LH50,
LH70, LH85, PS70 and PS80 series. In addition, a wider variety of
innovative LG TVs are now DivX Certified for playback of full DivX
HD. Over 100 million DivX Certified devices have shipped worldwide
from major manufacturers, and more than 400 digital TV models from
leading consumer electronics manufacturers have been DivX Certified
to date. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO) Available
in the United States and Europe in late May and late April
respectively, the LG digital TVs will enable consumers to easily
playback DivX HD videos from the PC or the Internet through the USB
slot. Typical HD video requires a considerable amount of digital
storage space, but DivX HD video provides a superior media
experience by maintaining the highest visual quality while
significantly reducing the video file size. Using DivX technology,
users can fit approximately two hours of high-quality DivX HD video
on an 8GB media card. "Being first to market with digital TVs
capable of playing back DivX HD 1080p video is a big win for LG as
well as our customers," said Simon Kang, Chief Executive Officer
and President of LG Home Entertainment TVs Company. "As people
expand their DivX HD video collections they are looking for more
convenient ways to watch them on their TVs. We've given them the
ultimate convenience by building support for DivX HD playback into
our digital TVs. This is another feature we've integrated
beautifully inside of our TVs and we look forward to working with
DivX in the future to offer even more innovative solutions that
effortlessly bring HD video into people's living rooms." "DivX
video technology has long been capable of producing great HD video
with remarkably efficient compression," said Kevin Hell, Chief
Executive Officer, DivX, Inc. "Now consumers will be able to easily
enjoy those DivX HD files directly on their televisions. The LG
digital TVs provide a comprehensive, cutting-edge digital media
experience that clearly represents the future of consumer
electronics devices." Products that bear the DivX Certified(R) logo
have undergone a rigorous testing program to ensure
interoperability, security and visual quality. DivX Certified
products enable consumers to create, play and share high-quality
video content across a range of devices and platforms. For more
information on DivX Certification(TM), visit
http://www.divx.com/certification. 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. About LG Electronics, Inc.
LG Electronics, Inc. (KSE:066570.KS) is a global leader and
technology innovator in consumer electronics, mobile communications
and home appliances, employing more than 84,000 people working in
115 operations including 84 subsidiaries around the world. With
2008 global sales of US$44.7 billion, LG is comprised of five
business units -- Home Entertainment, Mobile Communications, Home
Appliance, Air Conditioning and Business Solutions. LG is the
world's leading producer of flat panel TVs, audio and video
products, mobile handsets, air conditioners and washing machines.
LG has signed a long-term agreement to become both a Global Partner
and a Technology Partner of Formula One(TM). As part of this
top-level association, LG acquires exclusive designations and
marketing rights as the official consumer electronics, mobile phone
and data processor of this global sporting event. For more
information, please visit http://www.lge.com/. About LG Electronics
Home Entertainment Company The LG Electronics Home Entertainment
Company is a top global top player in flat panel displays, audio
players and video products for the consumer and professional
markets. LG's product areas include LCD and plasma televisions,
home theater systems, Blu-ray disc players, audio components and
video players, and plasma display panels, among others. While
focusing on creating feature-rich devices, the company is also
pursuing stylish designs and pushing technological boundaries to
improve the home entertainment experience. 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:
Jennifer Baumgartner, +1-503-901-5371, , or investors, Karen
Fisher, +1-858-882-6415, , both of DivX, Inc. Web Site:
http://www.divx.com/ http://www.lge.com/
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