SAN DIEGO, Calif., Sept. 21 /PRNewswire/ -- DivX, Inc. (Nasdaq:
DIVX), a leading digital media company connecting people and
entertainment, and Hisense Electric Co., Ltd., the number one TV
company in China, today announced
that Hisense has launched the world's first DivX Plus(TM) HD
Certified digital television. Available initially in the Chinese
market, the Hisense 3D LED XT39 Series powers the playback of DivX
Plus HD video using the MKV container, enabling consumers to enjoy
videos at HD resolutions of up to 1080p in the DivX® format using
the TV's USB slot.
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Hisense "Hi-smart" 3D LED XT39 Series is a brand new 3D LED DTV
product that is built on an interactive "smart-TV" concept.
Through its self-developed HITV-OS opened system, it allows
consumers to directly download applications from Hisense "Software
Store" to the smart TV, including movie, music, news, game, etc.
Hisense 3D LED XT39 Series not only supports emerging 3D
content playback, but also can convert ordinary 2D content into a
3D viewing experience.
DivX Plus HD Certification is the premium level of certification
available from DivX, optimized for consumer electronics products
and supports the playback of all content created with DivX
software. DivX Plus HD Certified devices will playback all previous
versions of DivX video and DivX Plus HD video files with the .mkv
file extension and AAC audio created with third-party tools.
"By enabling consumers to playback their DivX Plus HD files in
the popular MKV format directly on a digital television in the
living room, we're helping deliver on our promise to connect people
and entertainment, across platforms and devices," said Matt Milne, Executive Vice President, Sales and
Marketing, DivX, Inc. "Hisense is a strong partner and a clear
leader in China, and we're very
excited to work together to bring the first DivX Plus HD Certified
digital television models to the market."
"With support for popular MKV H.264 videos at full 1080p
resolution, DivX Plus HD Certification brings real consumer value
to our line of digital televisions," said Jian Huaigang, Vice Chief
Engineer of Hisense Electric Co. Ltd. "We are pleased to be the
first company to offer DivX Plus HD Certified digital televisions,
and we look forward to continuing our mutually beneficial
relationship with DivX moving forward."
Known for great performance, visual quality and interoperability
on any DivX Certified® device, DivX provides consumers with a
comprehensive digital media solution supporting the majority of
high-quality Internet video on their TVs or other consumer
electronics devices. In addition, DivX also supports the secure
playback of major Hollywood titles
from major studios, and many online movie download sites now
distribute Hollywood content in
the DivX format worldwide.
For more information about DivX, visit www.divx.com
For more information about Hisense, visit www.hisense.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 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 Hisense
Hisense Group is the largest professional telecommunications
enterprise in East China's Shandong
Province. Founded 40 years ago as a small workshop
enterprise, Hisense Group has since developed into an integrated
business with commercial interests spanning household appliances,
telecommunications, information technology, international trade and
real estate. For years, Hisense has adhered to a philosophy of high
technology, high-quality and superior service in its effort to
establish its international brand name. The company has maintained
high-speed growth through continuous optimization of is product mix
and constant technological innovation. Hisense has also realized
rapid expansion through capital injections. Its main product lines
include TV sets, air conditioners, computers, mobile phones,
refrigerators, computer software and network equipment
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.
Additional Information
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
proposed 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
(http://www.sec.gov/), from Sonic Solutions and its corporate
website (www.sonic.com) or from DivX and its corporate website
(http://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 proposed merger. Investors and stockholders may obtain
more detailed information regarding the direct and indirect
interests in the proposed merger of persons who may, under the
rules of the SEC, be considered participants in the solicitation of
these shareholders in connection with the proposed 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 (http://www.sec.gov/), from Sonic Solutions and its
corporate website (http://www.sonic.com/) or from DivX and its
corporate website (http://www.divx.com/).
SOURCE DivX, Inc.
Copyright . 21 PR Newswire
