InterDigital Inc (IDCC)

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SmartVideo Announces Wireless Capability

ATLANTA, Mar 31, 2003 (BUSINESS WIRE) -- SmartVideo Technologies Inc. (OTCBB: SMVD), the leading provider of high-quality full motion streaming video content to broadband, dial-up, and wireless Internet users, today announced the capability to deliver high-quality, full-motion video for wireless computers and PDA devices.

This capability is part of an ongoing business strategy to continually enhance the communications capabilities of our clients who have an existing investment in current technologies. One of our demonstration devices is a Siemens SX56 Pocket PC Phone, provided by AT&T Wireless Services (NYSE: AWE), with a throughput capability averaging 40Kbps across the AT&T Wireless Services Network.

"There has been much talk about the new 3G cellular standard, which will provide broadband to handheld computers. Our capability supports both the new 3G devices, as well most of the current and older systems," according to Richard E. Bennett, Jr., CEO of SmartVideo.

About SmartVideo

SmartVideo is a leading provider of solutions allowing live or on-demand high-quality video presentations to be streamed over the Internet at speeds as low as 23K and at minimum rate of 15 frames per second, which allows our clients to reach more than 95% of all Internet users.

Companies around the world are actively seeking innovative solutions to harness the power of video and audio on their websites and in their businesses. SmartVideo believes it is uniquely positioned to help fill this need. We expect that the demand for, and use of, our services will grow at a faster rate than most other Internet applications. Additional information and sample Demos can be found at our web site: www.smartvideo.com.

Please join us for a live demonstration of SmartVideo's capabilities each Thursday at 1 p.m. EST.

This release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the effects of future operational plans and quotes from SmartVideo's president and CEO. These statements are based on current estimates and actual results may differ materially due to risks, including: unexpected costs, delays or other difficulties related to the timing and success of product development and marketing plans; adverse changes in the market for the delivery of full-motion, streaming video content; the failure of SmartVideo's hosting infrastructure; the complexity of SmartVideo's services and delivery networks; pricing and other activities by competitors; and difficulties involved in retaining and motivating key personnel. Words such as "intend," "expects," "anticipates," "projects," "estimates", and similar expressions are intended to identify forward-looking statements. Forward-looking statements include statements concerning plans, objectives, future events or performance and assumptions and other statements that are not statements of historical fact. Any projections in this release are based on limited information currently available to SmartVideo, which is subject to change. Although the company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. Actual events or results could differ materially and no reader of this release should assume later that the information provided today is still valid. Such information speaks only as of the date of this release.


CONTACT: For SmartVideo Technologies, Atlanta
Richard E. Bennett, Jr., 770/729-8777
or
Investor Relations
Victor Allgeier, 212/227-0997

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KEYWORD: GEORGIA
INDUSTRY KEYWORD: NETWORKING
E-COMMERCE
INTERNET
PRODUCT
SOURCE:
SmartVideo
Technologies
Inc.