New DivX Certified® LG Time Machine DTVs Launched in South American Markets
San Diego, CA and Seoul, Korea December 17, 2007 DivX, Inc. (NASDAQ: DIVX) and LG Electronics, Inc. (LG), a leader in consumer electronics and mobile communications, today announced the launch of two additional models in the DivX Certified® Time Machine TV Series specifically targeted for South America. The two new models of LGs DivX Certified Time Machine TV Series join millions of DivX Certified devices on the market today that playback high-quality DivX® video content.
The two additional models, the 42LB9RT and 32LB9RT, are LCD offerings that deliver high image and audio quality for digital content using much less bandwidth than regular analog devices. These devices boast a simultaneous watch-and-record function and the ability to transfer high-quality DivX® content directly to the TV through the USB port. Maintaining the exceptional standards of the Time Machine TV Series, these models include a built-in 80 gigabyte hard disc drive for Time Shift function and recording as well as a USB 2.0 port, for backing up recorded content and enabling the direct playback of MP3, JPEG and DivX formats.
“We are very excited about the addition of two new models in the DivX Certified Time Machine TV Series,” said HeeWon Kwon, Executive Vice President of LG Electronics. “LG is committed to providing consumers with a seamless media experience and the ability to transfer digital content from the PC to the living room differentiates us among digital televisions. We are delighted to offer this technological milestone to South American consumers everywhere.”
“The addition of two models of high-definition DivX Certified Time Machine TV Series from LG highlights the growing importance of products that provide a very simple way to take content from computers to the living room,” said Patrice Lagrange, Vice President and Group Business Manager, Media Languages, DivX, Inc. “With more devices in the living room and more mobile devices supporting DivX playback through USB, consumers can enjoy the full benefits of devices that are truly interoperable for high-quality video playback.”
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, playback, and interoperability with other DivX Certified devices. Over 100 million DivX Certified devices have been shipped into the market from major manufacturers around the world.
For more information on DivX Certified devices, visit www.divx.com/products/.
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in over 110 operations including 81 subsidiaries around the world. Comprising four business units — Mobile Communications, Digital Appliance, Digital Display and Digital Media with 2006 global sales of US $38.5 billion — LG Electronics is the world’s largest producer of CDMA handsets, air conditioners, optical storage products, and DVD players. For more information, please visit www.lge.com. LG Digital Display Company is the largest flat panel display manufacturer in the world, a leading producer of LCD and plasma TVs and one of the world’s top plasma module makers. While focusing on creating well designed, feature rich TVs, the company is also pushing technological boundaries to create a more exciting viewing experience. LG’s product areas include: televisions and computer monitors, plasma display panels, OLED and others.
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.
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.