DivX Mobile Ecosystem Continues to Expand
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DivX, Inc. (NASDAQ:DIVX) today announced a licensing agreement allowing
QUALCOMM to include DivX(R) technology in a range of QUALCOMM
video-enabled chipsets. This agreement will potentially allow consumers
to access high-quality DivX video on a wide range of mobile devices
powered by QUALCOMM’s chipsets.
"With the demand for mobile multimedia content growing, we remain
committed to helping our customers take advantage of numerous innovative
technologies, including the video features and content solutions offered
by DivX," said Jason Bremner, senior director of product management for
QUALCOMM CDMA Technologies.
"Our agreement with QUALCOMM brings together a leader in the mobile
industry with DivX’s expertise for digital
video," said Kevin Hell, Acting CEO of DivX, Inc. "Adding DivX to
QUALCOMM’s product offerings will provide
cutting-edge media capabilities to our mutual partners, and improve the
consumer experience for enjoying video on their mobile handsets."
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.
About DivX, Inc.
DivX creates products and services designed to improve the experience of
media. Our first product offering was a video compression-decompression
software library, or codec, which has been actively sought out and
downloaded over 240 million times since January 2003, including over 80
million times during the last twelve months. We have since built on the
success of our codec with other consumer software, including the DivX
Player application, which is distributed from our website, www.divx.com.
We also license our technologies to consumer hardware device
manufacturers and certify their products to ensure the interoperable
support of DivX-encoded content. In addition to technology licensing to
consumer hardware device manufacturers, we currently generate revenue
from software licensing, advertising and content distribution.
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 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;
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 August 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.