DivX HEVC Adoption Helps Accelerate the Transition to 4K and Future Proofs Devices for Upcoming 4K OTT and TV Everywhere Services
PLAINVIEW, NY, MAY 27, 2015— NeuLion, Inc. (TSX: NLN), a leading technology product and service provider that specializes in the digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices, today announced that Hisense, the fourth largest global TV manufacturer, will integrate support for DivX® HEVC Ultra HD video playback into its 4K TV product portfolio. The addition of DivX HEVC technology enables Hisense Ultra HD televisions to deliver a consistent, high-quality video experience up to 4K to consumers globally.
“DisplaySearch reports that global shipments of Ultra HD screens reached 6.4 million in 2014, with China accounting for 60% of the market. More recently, Strategy Analytics forecasts that one in 10 US homes will have a 4K TV by 2016,” explained Erin Magee, Director of Marketing at Hisense USA. “With such a vibrant local market and ever increasing global reach, it was crucial for Hisense to add best-in-class 4K video support powered by DivX HEVC to our digital TV portfolio. DivX HEVC lets us deliver stunning UHD viewing experiences, helps to future-proof our upcoming products for 4K OTT streaming services and ensures that our existing offerings support the latest decoding standards.”
“We are pleased to partner with strong television brands like Hisense to enable 4K video experiences of the highest quality and allow consumers to enjoy stunning playback of the growing amounts of DivX 4K video,” commented NeuLion CEO Kanaan Jemili, Ph.D.
The DivX Certified® program for consumer electronics devices allows IC and OEM customers to quickly bring to market mobile and consumer electronics products that support DivX HEVC playback up to 4K. The solution supports an advanced feature set for media playback including multi-language subtitles and audio tracks, trick-play track for smooth fast forward and rewind, chapter points for quick scene navigation, and resume playback across devices.
In 2014, DivX HEVC received a Best Ultra HD Codec award from Ultra HDTV Magazine for its DivX 10 software and MainConcept HEVC SDK.
About Hisense USA Corporation
Established in 2001, Hisense USA Corporation is a wholly owned subsidiary of the Hisense Company, Ltd. Headquartered in Qingdao, China. Hisense USA offers a broad range of technology driven consumer electronics products that are manufactured and distributed across North American, including televisions, refrigerators, air-conditioners, dehumidifiers, beverage coolers and freezers. Hisense USA sells into national retailers across North America, including Walmart, Sams.com, Costco, P.C. Richards, Canadian Tire and more. The Company has established R&D centers in Atlanta, Georgia and San Jose, California to enable localized product development and innovation.
Hisense Company Ltd. has production facilities in China, South Africa, Algeria, Egypt as well as Mexico and is one of the largest television manufacturers in the world with over 10 million televisions produced per year. The Company has sales offices in North America, Europe, Australia, South Africa, the Middle East and Asia while exporting products to over 130 countries and regions throughout the world.
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital content management, distribution and monetization for content owners worldwide. With the recent acquisition of DivX, LLC, the company also operates a robust consumer electronics licensing business that has enabled over 1 billion devices worldwide with secure, high-quality video playback, and delivers a DivX consumer software offering that has been downloaded over 1 billion times. NeuLion’s customers include major sports, entertainment and global content companies as well as major consumer electronics manufacturers and software companies. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
Certain statements herein are forward-looking statements and represent NeuLion’s current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words “will,” “expect,” “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend” and statements that an event or result “may,” “will,” “can,” “should,” “could,” or “might” occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to derive anticipated benefits from the acquisition of DivX; our ability to successfully integrate the operations of DivX; our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers’ subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the “Risk Factors” section of NeuLion’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as amended, which is available on www.sec.gov and filed on www.sedar.com.
Solange Jacobs Randolph
Investor Relations Contact:
Ed McGregor/Jody Burfening