Osaka, Japan - November 24, 2007 - MainConcept AG, a wholly-owned subsidiary of DivX, Inc. (NASDAQ: DIVX) and the world’s leading provider of audio/video codecs and software development kits to the broadcast, film, and consumer markets, today announced that Professional Systems AV B.U. of Panasonic AVC Networks company (Panasonic) will distribute a pair of custom-developed transcoding solutions for IT-based production systems supporting the latest HD codecs for the popular P2HD broadcast and video production platform AVC-Intra and for newly developed professional and consumer video production platform AVCHD.
The two transcoding applications offer convenient transcoding of the AVC-Intra and AVCHD formats into the ever-popular DVCPRO format and are the result of close technical collaboration between Panasonic and MainConcept. The new applications give Panasonic Broadcast’s customers a ready-made, cost effective transcoding solution with time-to-market advantages of not having to develop the applications in-house.
Developed by MainConcept exclusively for Panasonic, the MainConcept® AVCHD to DVCPRO HD Transcoder enables transcoding of Panasonic AVCHD files into P2-based DVCPRO HD. The DVCPROHD output from this application is fully compliant with the DVCPRO HD (SMPTE 370M) standard. The MainConcept AVC-Intra to DVCPRO Transcoder transcodes P2HD-based AVC-Intra 50 or AVC-Intra 100 files (compliant with the AVC-Intra frame coding specification provided by Panasonic) into P2-based DVCPRO 25/50 or DVCPRO HD. The DVCPRO output from this application is fully compliant with the DVCPRO 25/50 (SMPTE 314M) as well as DVCPRO HD (SMPTE 370M) standards. Additionally, the software converts AVC-Intra clips to uncompressed video of UYVY, YUY2, BGR3 or BGR4 colour format into AVI container.
“We are proud to expand our partnership with Panasonic and to provide them with high quality, custom developed transcoder applications for AVCHD and AVC-Intra,” said Masashi Nemoto, President of MainConcept Japan. “The continued evolution of camcorder technology and the ongoing introduction of new HD video formats has greatly increased the demand for highly specialized, customer-specific video encoding, decoding, and transcoding solutions. We are looking forward to powering Panasonic’s continued success by offering customized solutions for broadcast and professional users supporting the P2 based camcorder platform.”
“Working with MainConcept to develop and deploy these two new IT-based transcoding solutions in support of the P2 platform has been highly beneficial” said Tadao Shimozuru, Director of Professional AV Systems Business Unit, Panasonic AVC Networks Company. “We are pleased that those two transcoding applications offer our customers much more flexibility for P2 workflow.”
About Panasonic
Best known by its Panasonic brand name, Matsushita Electric Industrial Co., Ltd. is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company’s shares are listed on the Tokyo, Osaka, Nagoya, New York (NYSE:MC), Euronext Amsterdam and Frankfurt stock exchanges. For more information on the company and the Panasonic brand, visit the company’s website at panasonic.net/index.html.
About MainConcept
MainConcept is the worldwide leading provider of high-quality codec technology for the broadcast, film, consumer electronics, computer software, medical imaging and security markets. MainConcept solutions are optimized for various platforms including PCs, set-top boxes, portable media players and mobile phones. MainConcept supports the most popular industry standards such as MPEG-2, MPEG-4 Part 2, H.264/AVC, VC-1, DV, DVCPRO, DVCPro HD, JPEG2000, AAC, HE-AAC and AC3.
MainConcept is headquartered in Germany with subsidiaries in the USA, Russia, and Japan. The company serves the Asia-Pacific region through key distribution partners in China, Korea, and Taiwan. MainConcept customers include some of the most respected international companies including Adobe, Leitch/Harris, Microsoft, mobiTV, Sonic Solutions, Sony, and Panasonic.
MainConcept is a wholly owned subsidiary of DivX. For more information about MainConcept and available codecs visit www.mainconcept.com. Parties interested in licensing MainConcept technology can contact the company at sales(at)mainconcept.com.
Forward Looking Statement
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 visibility within the investment community. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause 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 the identified 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 applicable brands; risks associated with the Company’s ability to penetrate existing and new markets; risks regarding the effects of competition; the Company’s dependence on its licensees and partners; the effect of intellectual property rights claims; and other factors discussed in the “Risk Factors” section of DivX's quarterly report on Form 10-Q filed with the SEC on November 14, 2007. 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.
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