SAN DIEGO, July 21 /PRNewswire-FirstCall/ — DivX, Inc. (Nasdaq: DIVX), a digital media company, and Samsung Electronics Co., LTD, a leading mobile provider, today announced the launch of the Samsung Mondi(TM), the first DivX Certified(R), WiMAX-equipped mobile Internet device. Combining laptop functionality and Internet connectivity in a compact design, the Mondi enables consumers to enjoy high-quality DivX(R) video anytime, anywhere.
DivX technology produces highly compressed video suitable for mobile platforms that require minimal storage for the highest quality experience possible. Utilizing the Mondi’s large 4.3-inch touch screen, consumers will be able to playback DivX video stored on the device’s internal 4GB memory or on additional microSD flash cards.
The Samsung Mondi can connect to the Internet via WiFi or WiMAX and possesses a full-featured web browser that enables consumers to download and watch DivX content on the go.
“Supporting high-resolution, high-quality video playback on new and emerging mobile devices is one element of our strategy to enable a seamless, end-to-end solution for digital media,” said Kevin Hell, Chief Executive Officer at DivX. “The Mondi joins a broad array of other DivX Certified Samsung consumer electronics devices that are a part of the DivX ecosystem. We look forward to partnering with Samsung to bring our robust, high-quality DivX video solution to their next generation of mobile devices, digital TVs, and Blu-ray players.”
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 and playback, interoperability with other DivX Certified devices and the visual quality users expect from DivX.
For more information about DivX, visit www.divx.com.
About DivX
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 environment–the PC, the television and mobile devices. Over 100 million DivX Certified((R)) 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 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; the risk of DivX’s dependence on its licensees and partners; risks related to the effect of intellectual property rights claims; and other factors discussed in the “Risk Factors” section of DivX’s most recent report filed with the Securities and Exchange Commission. 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.