LAS VEGAS, March 23 /PRNewswire-FirstCall/ -- DivX, Inc.
(Nasdaq: DIVX), a leading digital media company, and Samsung
Electronics Co., Ltd., a leading mobile provider, today announced
that the highly anticipated Samsung Wave is the world's first
mobile phone to be DivX Certified for HD video playback at 720p
resolution. The Samsung Wave is based on Samsung's new
smartphone platform bada.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO)
Additionally, the two companies will work together on HD
Certification for the upcoming Samsung Galaxy S, an innovative new
Android powered device with best-in-class 4-inch Super AMOLED
screen and blazing fast performance. Samsung and DivX will be
demonstrating DivX HD playback on the Wave and Galaxy S at the CTIA
Wireless Show in Samsung's booth #1023 and at the DivX meeting
room.
Today's announcement is one of several "firsts" that DivX and
Samsung Electronics have accomplished during their partnership.
Notably, Samsung Electronics was the first manufacturer to add DivX
Certification to mobile devices. Now, Samsung has over 45 worldwide
models that offer full playback of DivX videos, including premium
Hollywood content purchased from a
variety of online retailers around the world.
"Samsung Electronics has shown consistent innovation in the
mobile space, turning out high-quality phones that offer a
cutting-edge user experience," said Kevin Hell, CEO of DivX, Inc.
"We're extremely pleased to further our partnership with Samsung to
include the world's first phones capable of playing back stunning
DivX HD video across these revolutionary mobile platforms."
"We were very excited to become the first manufacturer to offer
DivX Certified mobile phones to consumers in 2007, and since that
time we've continued to work together to help evolve the mobile
video experience," said Younghee
Lee, Vice President of Samsung's Mobile Communications
business. "Now, we are able to extend that spirit of innovation
with the first DivX HD mobile devices, both of which are
industry-leading phones based on cutting-edge smart phone
platforms."
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 www.divx.com.
About DivX
DivX, Inc. is a leading 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 250 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 Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in
semiconductor, telecommunication, digital media and digital
convergence technologies with 2009 consolidated sales of
US$116.7 billion. Employing
approximately 157,700 people in 185 offices across 65 countries,
the company consists of seven independently operated business
units: Visual Display, Mobile Communications,
Telecommunication Systems, Digital Appliances, IT Solutions,
Semiconductor and LCD. 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 www.samsung.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 and the potential
DivX Certification of new products. 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; risks that the DivX ecosystem may not grow as
anticipated due to failure of partner products to qualify for DivX
Certification; 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.
SOURCE DivX, Inc.