SAN DIEGO and BERLIN, Sept. 2 /PRNewswire/ --DivX, Inc. (Nasdaq: DIVX), a leading digital media company connecting people and entertainment, and Samsung Electronics Co., Ltd., a global leader in mobile technology, today announced at the IFA trade show that the GALAXY Tab is the world's first DivX Certified® tablet. The Android-powered GALAXY Tab will now power DivX HD™ video playback at home or on the go.
Available to consumers first in Europe late September 2010 and soon after in the United States and Asia, the GALAXY Tab has a large 7-inch TFT display, which delivers an unrivaled screen quality for a better viewing experience. Weighing in at only .84 pounds (380g), it includes 16 GB or 32GB of internal storage and 32 GB MicroSD expansion. The GALAXY Tab features a TouchWIZ user interface, WiFi, GPS, rear and front facing cameras and also acts as a mobile phone. In addition, as an Android-powered device, the GALAXY Tab provides access to various applications from Android Market™.
To enjoy high-quality DivX video on the Samsung GALAXY Tab with no file conversion needed, consumers can load their video libraries of both standard definition and HD movies in the DivX format on the internal and external memory and then watch their collections anywhere they choose. The GALAXY Tab will also connect directly to other DivX Certified devices, such as HDTVs, turning it into a powerful entertainment gateway in the living room. It will also support the secure playback of major Hollywood titles in the DivX format from leading studios.
"DivX has become a must-have feature on every kind of consumer electronics device, and we're excited to enter the burgeoning tablet market with Samsung's GALAXY Tab, a great product that offers an incredible experience to users," said Matt Milne, Executive Vice President, Sales and Marketing, DivX, Inc. "Now consumers throughout Asia, Europe and the United States will be able to enjoy their DivX movie collection on a breathtaking 7-inch screen."
"We are extremely proud to debut our first tablet at IFA 2010 with leading multimedia partners like DivX," said Younghee Lee, Senior Vice President, Samsung Electronics. "The GALAXY Tab is truly a ground-breaking product, and we know that our customers will especially enjoy the ability to enjoy their libraries of DivX HD video at home or on the go."
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 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.
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 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.
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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