SAN DIEGO, Aug. 24 /PRNewswire-FirstCall/ -- DivX, Inc. (Nasdaq: DIVX), a leading digital media company, and Samsung Electronics Co. LTD, a leading mobile provider, today announced that the Galaxy S™ is now DivX Certified® for HD video playback at 720p resolution. The Galaxy S is the world's first Android™ mobile phone that is DivX Certified for HD and the second overall DivX HD Certified phone, following the successful launch of the Samsung Wave.
Now available in the United States, Europe and Asia, the Galaxy S has a large 4-inch super AMOLED display, which delivers an unrivaled screen quality for a better viewing experience. Powered by a 1GHz processor, the Galaxy S dazzles with amazing 3-D graphics, faster upload and download times, and a rich multimedia and gaming experience. As an Android-powered device, the Galaxy S also provides access to the more than 70,000 applications from Android Market.
To enjoy DivX video on the Galaxy S, consumers can load their video libraries of both standard definition and HD 720p movies in the DivX format on the internal and external memory (expandable to 32GB) and then watch their collections anywhere they choose. In addition, the Galaxy S can connect directly to other DivX Certified devices, such as HDTVs, turning it into a powerful mobile set-top box in the living room. The Galaxy S will also support the secure playback of major Hollywood titles in the DivX format from leading studios.
"The Galaxy S has exploded in popularity, and we are very excited to join Samsung in promoting its new DivX HD capabilities," said Kevin Hell, Chief Executive Officer, DivX, Inc. "We're pleased that Samsung recognizes the importance of the DivX brand in providing their consumers with a seamless, high-quality entertainment experience."
"Samsung continues to launch feature-rich devices packed with innovative technologies," said Younghee Lee, Senior Vice President, Samsung Electronics. "By obtaining DivX HD Certification of our new Android-powered multimedia smart phone, we're giving our customers the freedom to enjoy their DivX videos up to 720p at home and on the go."
DivX Certified phones are all tested to guarantee high-quality DivX video playback. DivX technology produces highly compressed video that requires minimal storage for the highest quality media experience on a mobile platform for viewing anytime, anywhere.
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.
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 300 million DivX 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.
On June 2, 2010, DivX, Inc. and Sonic Solutions announced a proposed merger transaction. Sonic Solutions has filed with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 containing a preliminary joint proxy statement/prospectus in connection with the proposed merger and both companies intend to mail a definitive joint proxy statement/prospectus and other relevant documents to Sonic and DivX shareholders following such time that the registration statement is declared effective by the SEC.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of US$116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
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 potential DivX Certification of new products. 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 that the DivX ecosystem may not grow as anticipated due to failure of partner products to qualify for DivX Certification; 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.
This press release is not a solicitation of a proxy, an offer to purchase, nor a solicitation of an offer to sell shares of Sonic Solutions, and it is not a substitute for any proxy statement or other filings that may be made with the SEC with respect to the merger. In connection with the proposed merger, Sonic Solutions has filed a registration statement on Form S-4 containing a joint proxy statement/prospectus of Sonic Solutions and DivX. Investors and security holders are urged to carefully read the Registration Statement on Form S-4 and related joint proxy statement/prospectus and other documents filed with the SEC by Sonic Solutions and DivX, because they contain important information about Sonic Solutions, DivX and the proposed transaction, including with respect to risks and uncertainties that could delay or prevent the completion of the transaction. Such documents are available free of charge at the SEC website (www.sec.gov), from Sonic Solutions and its corporate website (www.sonic.com) or from DivX and its corporate website (www.divx.com).
Sonic Solutions, DivX and their respective directors, executive officers and other members of their management may be deemed to be soliciting proxies from shareholders of Sonic Solutions or DivX in favor of the merger. Investors and stockholders may obtain more detailed information regarding the direct and indirect interests in the merger of persons who may, under the rules of the SEC, be considered participants in the solicitation of these shareholders in connection with the merger by reading the joint proxy statement/prospectus described above. Additional information about the directors and executive officers of Sonic Solutions may be found in its definitive proxy statement filed with the SEC on October 1, 2009. Additional information about the directors and executive officers of DivX may be found in its definitive proxy statement filed with the SEC on April 20, 2010. Such documents are available free of charge at the SEC website (www.sec.gov), from Sonic Solutions and its corporate website (www.sonic.com) or from DivX and its corporate website (www.divx.com).
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