London– March 23, 2010 – DivX, Inc. (NASDAQ:DIVX), a leading digital media company, today announced at IPTV World Forum 2010 that the native ST Media Player on STMicroelectronics’ STi7105 will be DivX Certified. The STi7105 from STMicroelectronics, one of the world’s leading suppliers of silicon solutions for set-top boxes, will offer a turnkey solution for set-top box suppliers and operators to support playback of digital video and Hollywood movies in the DivX® format.
The STi7105 delivers competitive performance advantages for all set-top box markets, including basic zapper boxes, digital video recorders and media-server devices. By supporting the latest high-definition standards, as well as standard-definition formats such as AVS, the STi7105 delivers a compelling, high-performance solution for products deployed in all geographic regions.
DivX technology allows video content to be compressed to a fraction of its original size, while maintaining excellent visual quality. Using DivX software, up to eight standard definition movies can fit on an 8 GB USB flash drive. Once DivX Certified, the STMicroelectronics-powered set-top boxes will enable consumers to play back their favorite digital videos and Hollywood movies in the DivX format stored on their personal USB drives, DLNA or Ethernet.
“We are excited to offer OEMs and operators an easy-to-use solution that satisfies consumer demand for high-quality, compelling digital media and Hollywood movie playback,” said Kevin Hell, Chief Executive Officer, DivX, Inc. “We look forward to continue working with STMicroelectronics and further expanding our presence in the set-top box market segment."
“Our set-top box partners expect high-quality video playback of Internet files and Hollywood content, and by integrating DivX technology in our next-generation STi7105 system-on-chip device, we will be able to deliver best-in-class user experience,” said Stewart Gebbie, Director Third Party Relationships, Home Video Division, STMicroelectronics.
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 high-quality users expect from DivX.
For more information about DivX, visit www.divx.com.
For more information about STMicroelectronics, visit www.st.com.
About DivX
DivX, Inc. is a leading 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 250 million DivX devices have shipped into the market worldwide 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 and the availability of certain DivX enabled products to consumers. 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; risks related to DivX's partners' ability to make certain products available to consumers on specified timelines, or at all; 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.
