Agreement drives DivX HEVC adoption in European consumer electronics market
PLAINVIEW, NY (November 9, 2015) — NeuLion, Inc. (TSX: NLN), a leading technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, today announced that HiSilicon Technologies Co., Ltd. has signed a new licensing agreement that includes support for DivX® HEVC technology in its newest line of chipsets for 4K/UHD set-top boxes. The deal marks a significant milestone in the adoption of DivX HEVC in the consumer electronics market.
The latest chipmaker to announce support for the new compression standard, DivX’s HEVC solution for consumer electronics is designed to accelerate adoption of H.265 content across the video ecosystem. By enabling set-top box original equipment manufacturers (OEMs) to ship devices that support high-quality streaming HEVC content at up to 4K resolutions, HiSilicon Technologies is helping to make 4K video a reality for consumers.
“Our agreement with HiSilicon Technologies strengthens our ability to deliver video over-the-top by ensuring a larger footprint of devices that can support DivX’s adaptive streaming technology,” said Dr. Kanaan Jemili, NeuLion CEO. “We’re pleased to deliver an HEVC solution that key ecosystem players like HiSilicon can leverage to deliver a highly efficient 4K streaming experience to consumers on upcoming set-top boxes,” he added.
“HEVC is an important technology that is essential to high-quality Ultra High Definition video streaming across devices,” said John Liu, General Manager of HiSilicon Technologies. “By integrating DivX® HEVC technology into chipsets we plan to ship into Europe, we are delivering the high-quality viewing experience that consumers demand today, while effectively future proofing those experience for the 4K video streaming services of tomorrow.”
The DivX Certified® program allows IC and OEM customers to quickly bring to market mobile and consumer electronics products that support high-quality DivX HEVC playback. Devices DivX Certified® for HEVC will support video streaming up to 4K resolutions and advanced media features including multi-language subtitles and audio tracks, smooth fast forward and rewind and chapter points for quick scene navigation.
To date, more than one billion DivX devices, including 40,000+ unique models, have shipped worldwide from multiple major consumer electronics brands. In 2014, DivX received a Best Ultra HD Codec award from Ultra HDTV Magazine for its DivX 10 software and MainConcept HEVC SDK.
HiSilicon Technologies Co., Ltd. is a leading chipset solution provider for telecom network, wireless terminal and digital media. It was formerly known as the ASIC design center of Huawei since 1991 and was spun off in 2004. HiSilicon has the advantage to provide end-to-end chipsets and solutions from telecom network to consumer electronics. It has been serving more than 200 global operators in over 100 countries and will continue to bring maximum value to global operators and consumers.
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 including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. With the recent acquisition of DivX, LLC, NeuLion 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, which is available on www.sec.gov and filed on www.sedar.com.
Solange Jacobs Randolph
+1 (858) 336-8728
INVESTOR RELATIONS CONTACT:
Ed McGregor/Jody Burfening
+ 1 (212) 838-3777