InvestorsHub Logo
Followers 6
Posts 2049
Boards Moderated 0
Alias Born 06/15/2001

Re: None

Wednesday, 08/25/2004 2:20:10 PM

Wednesday, August 25, 2004 2:20:10 PM

Post# of 93819
ADS Tech and DivXNetworks Partner to Add DivX Video Technology to Instant VideoMPX Capture Device

SAN DIEGO & CERRITOS, Calif. --(Business Wire)-- Aug. 25, 2004 -- Innovative Device Enables Consumers to Capture, Record and Create Video in DivX(R) Format Through Bundled Video Editing Software

DivXNetworks, Inc., the company that created the revolutionary, patent-pending DivX(R) video compression technology, and ADS Tech, a world leader in Universal Serial Bus and IEEE-1394/FireWire(R) solutions, today announced a licensing partnership. The agreement enables the new ADS Tech Instant VideoMPX USB 2.0 video capture device to capture, record and edit high-quality DivX video files.

Instant VideoMPX is a complete hardware/software solution that lets Windows(R) XP users capture the high quality of uncompressed video over a high-speed USB 2.0 connection. Once video is captured, the bundled VideoStudio(TM) 8 video editing software from DivX Licensed Software partner Ulead(R) enables the creation, recording, and editing of videos in the popular DivX format. Simply by setting the capture options, users can record direct to DivX to create content that can be played back on their PC and then burned to a CD, saved to flash memory media or played on a DivX Certified device.

Often called the "MP3 of video," DivX is among the world's most popular video technologies, with over 120 million global users. The superior compression and visual quality of DivX video enables users to store and distribute DVD-quality videos at 1/10th the size of MPEG-2, the DVD standard. Through the DivX Certified program for consumer electronics devices, over 20 million DVD players, portable video players and handheld devices from major manufacturers will ship in 2004 that support the full playback of DivX video files.

"By including DivX technology with Instant VideoMPX, consumers will be able to record two hours of video on a single 700MB CD without sacrificing quality," said Mike McCoy, ADS Tech President. "This is a key benefit for the millions of users who have notebooks and other portable video playback devices that support the DivX format."

"DivXNetworks is pleased to partner with ADS Technologies to bring DivX functionality to the high-performance Instant VideoMPX device," said Chester Ng, Senior Manager, OEM Sales at DivXNetworks. "By giving their users the ability to compress and record their home videos in DivX and then transfer those files throughout the full DivX Ecosystem of platforms and devices, ADS Tech is creating a complete connected video experience."

For more information on ADS Technologies, visit www.adstech.com. To learn more about DivXNetworks, visit www.divxnetworks.com.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.