Company Joins with MtekVision Co. to Offer High-Quality DivX® Video Playback across Various Mobile Platforms
SAN DIEGO & SEOUL, Korea–(BUSINESS WIRE)–DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced a licensing deal with Mtekvision Co., a leader in advanced mobile semiconductor technology, to grant DivX® Mobile Certification to a new media processor chipset used in a variety of mobile platforms.
The MtekVision MV8722, part of the Maple family of media processors, will enable mobile devices which incorporate the new chipset to seamlessly playback high-quality DivX® video at resolutions up to 720×400. These mobile devices will join over 100 million other DivX Certified® devices shipped by DivX’s licensees into the market, including DVD players, digital cameras, video game consoles, digital televisions, and mobile phones. DivX Certification enables a premium visual experience and interoperability among an expanding ecosystem of devices and platforms.
“Mtekvision is dedicated toward creating mobile solutions that foster a rich multimedia experience and allow users to benefit from superior portable technology,” said Simon Morris, CEO, MtekVision Canada Ltd. “Offering DivX Mobile Certification enables us to provide our partners and customers with a valuable feature for ensuring the highest quality video possible across mobile devices.”
“MtekVision’s MV8722 illustrates DivX’s commitment toward expanding an ecosystem of devices that operate with a common media language,” said Patrice Lagrange, Vice President and Group Business Manager, Media Languages, DivX, Inc. “With consumers continuously on the move, it is important to offer mobile solutions that maintain the entertainment standards set by the living room and provide a seamless experience between the myriad of devices used daily.”
Products that bear the DivX Certified logo have undergone a rigorous testing program to ensure a high-quality DivX media experience, including reliable video playback, interoperability with other DivX Certified devices and the visual quality users expect from DivX.
For more information on DivX Certification, visit www.divx.com/certification.
About DivX, Inc.
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 environmentthe 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 Mtekvision
MtekVision Co. Ltd is a world leading solution provider in the design and manufacture of innovative imaging and multimedia device IC solutions for mobile and portable devices. MtekVision has been delivering leading edge performance solutions for the full range of mobile and portable devices including mobile phones, mobile TV phones, smart phones, PDAs, MP3 players and voice recorders since 1999. MtekVision provides an optimized system solution delivering complete System-on-Chip and programmable software platforms. MtekVision has become Korea’s largest fabless semiconductor company with its solutions adopted by over 700 end-products.
Founded in 1999, MtekVision Co. Ltd. is headquartered in Seoul, Korea, with offices in US, Germany, Denmark and China and significant R&D; division in Canada that has developed the Maple media processor family. MtekVision is a publicly held company with its common share being traded on KOSDAQ(074000).
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 Companys 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; DivX’s dependence on its licensees and partners; the effect of intellectual property rights claims; and other factors discussed in the “Risk Factors” section of DivX’s quarterly report on Form 10-Q filed with the SEC on November 14, 2007. 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.