PACKETVIDEO'S CORE™ MULTIMEDIA FRAMEWORK NAMED EXCLUSIVE PLAYER FOR VMEDIA MOBILE HANDSETS AT LAUNCH
Tiny Optical Format Makes Big Screen Movies Mobile
BARCELONA – Mobile World Congress, Stand 1C09 (Feb. 11, 2008) – PacketVideo’s (PV) CORE software has been named by Vmedia Research as the exclusive media player for handsets supporting its new tiny optical disc format, introduced here this week.
PV’s CORE multimedia framework is the embedded multimedia engine that powers more than 200 million devices worldwide. Supporting playback of quality, high-speed (30 frames per second) Vmedia content is its newest feature.
Vmedia is an innovative miniature optical disc format bringing the quality of a big screen experience and the simplicity of home entertainment to mobile consumer electronics. The Vmedia format makes its debut in June of 2008 with the introduction of a Vmedia enabled phone from Spice Mobile™, a youth-oriented mobile carrier covering major Indian and Southeast Asia markets.
“The Vmedia format expands quality mobile entertainment in a convenient packaged media to geographic markets that have an immediate demand for alternatives to broadcast services,” said PV CEO James C. Brailean, Ph.D. “The removable media format is the ultimate in time- and place-shifted video viewing.”
“Vmedia chose PV’s CORE multimedia framework because it’s the multimedia engine that has the most extensive deployment in the mobile industry, and as a new format, we needed to launch with a solid, proven solution,” said Steve Volk, CEO and founder of Vmedia Research. “We want the user experience with Vmedia to match or exceed the home viewing experience, and the CORE framework supports Vmedia’s high resolution, high-bit rate video.”
As a founding member of the Open Handset Alliance, PV also provides multimedia sub-system for the Android handset platform that provides all the fundamental software necessary to launch media services. This media sub-system is called OpenCORE™.
PV,a subsidiary of NextWave Wireless (NASDAQ: WAVE), has a long history in mobile video, including having the distinction of being the first company to bring video to a mobile phone nearly 10 years ago.
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About PV: PV, a subsidiary of NextWave Wireless Inc. (NASDAQ: WAVE), is the software innovator powering the world’s leading mobile multimedia services. With more than 200 different devices supported and 200+ million PV multimedia clients deployed around the world, PV has the deepest, broadest and most respected multimedia software expertise in the industry. Founded in 1998, PV is headquartered in San Diego, California with regional offices in the U.S., Japan, Europe and India.
Note Regarding Forward-Looking Statements: This press release contains “forward-looking statements” for purposes of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual events or results could differ materially from the events or results predicted or from any other forward-looking statements made by, or on behalf of, PV, and should not be considered as an indication of future events or results. Important factors that could cause actual events or results to differ materially are described in filings of our parent company, NextWave Wireless Inc. (NASDAQ: WAVE) with the Securities and Exchange Commission. All such documents are available through the SEC’s website at www.sec.gov. PV and NextWave Wireless Inc. make no commitment to revise or update any forward-looking statements in order to reflect changes in events or circumstances after the date any such statement is made, except as may be required pursuant to applicable law.
For further information:
PacketVideo Media Contacts:
Jeff Seedman
Ruder-Finn
310-882-4009
seedmanj@ruderfinn.com
Tracey Croughwell
PacketVideo
858-731-5529
croughwell@pv.com
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