DivX and On2 Technologies Finland Oy Partner to Develop Multimedia Solutions for Mobile Devices and Set-top Boxes
September 15 2009 - 2:00AM
PR Newswire (US)
On2 Technologies Finland Oy IP Core Solutions to enable
high-quality DivX(R) playback SAN DIEGO and CLIFTON PARK, N.Y.,
Sept. 15 /PRNewswire-FirstCall/ -- DivX, Inc. (NASDAQ:DIVX), a
digital media company, and On2 Technologies Finland Oy, a leading
supplier of embedded multimedia solutions to chip manufacturers,
today announced a license agreement for DivX technology. The
agreement enables On2 Technologies Finland Oy to develop
hardware-based Intellectual Property (IP) video cores for mobile
devices and set-top boxes (STB) that are capable of decoding high
quality DivX Home Theater video. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO) DivX
technology produces compressed video that requires minimal storage
for the highest quality media experience. This is particularly
beneficial on mobile platforms due to their limited storage
capacity. Mobile devices and STBs with DivX solutions embedded in
their semiconductor chips are able to playback DivX video stored in
internal memory, on microSD flash cards or USB drives. "We are
pleased to partner with DivX and bring the best of our two
technologies together," said Jani Huoponen, General Manager at On2
Technologies Finland Oy. "Chips embedded with our new IP core
solutions that include DivX technology will allow mobile devices
and STBs to play back the increasing amount of DivX digital video
and premium Hollywood content now available for consumers to
enjoy." "This partnership allows us to further expand the DivX
ecosystem into two fast growing markets," said Eric Rodli,
Executive Vice President, Licensing at DivX. "We're excited to work
with On2 Technologies Finland Oy to enable consumers worldwide to
enjoy their DivX video collections any time, on any device, from
any manufacturer." For more information about On2 Technologies
Finland Oy visit http://www.on2.com/. 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. About On2 Technologies Finland Oy A wholly-owned
subsidiary of On2 Technologies, Inc., On2 Technologies Finland Oy
licenses to chip and mobile handset manufacturers and other
developers of multimedia consumer products, the hardware and
software designs that make the encoding or decoding of video
possible on mobile handsets, set top boxes, portable media players,
cameras and other devices. 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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