DivX Announces Licensing Agreement with Motorola for DivX Certified(R) IPTV Set-top Boxes
September 14 2009 - 4:00AM
PR Newswire (US)
Motorola set-tops to support playback of digital video and
Hollywood movies in the high-quality DivX(R) format SAN DIEGO,
Sept. 14 /PRNewswire-FirstCall/ -- DivX, Inc. (NASDAQ:DIVX), a
digital media company, and Motorola, Inc., today announced a
licensing agreement to adopt DivX 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. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO) 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 , 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. For more information about DivX,
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 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.
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO
http://photoarchive.ap.org/ DATASOURCE: DivX, Inc. CONTACT: Media,
Jennifer Baumgartner, +1-503-901-5371, , or Investors, Karen
Fisher, +1-858-882-6415, , both of DivX, Inc. Web Site:
http://www.divx.com/
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