media company, and On2 Technologies Finland Oy, a leading supplier of embedded multimedia solutions to chip manufacturers, today announced a license agreement for DivX® technology. The agreement enables On2 Technologies Finland Oy to develop hardware-based Intellectual Property (IP) video cores for mobile devices and set-top boxes (STB) that are capable of decoding high quality DivX Home Theater video.

DivX technology produces compressed video that requires minimal storage for the highest quality media experience. This is particularly beneficial on mobile platforms due to their limited storage capacity. Mobile devices and STBs with DivX solutions embedded in their semiconductor chips are able to playback DivX video stored in internal memory, on microSD flash cards or USB drives.

"We are pleased to partner with DivX and bring the best of our two technologies together," said Jani Huoponen, General Manager at On2 Technologies Finland Oy. "Chips embedded with our new IP core solutions that include DivX technology will allow mobile devices and STBs to play back the increasing amount of DivX digital video and premium Hollywood content now available for consumers to enjoy."

"This partnership allows us to further expand the DivX ecosystem into two fast growing markets," said Eric Rodli, Executive Vice President, Licensing at DivX. "We're excited to work with On2 Technologies Finland Oy to enable consumers worldwide to enjoy their DivX video collections any time, on any device, from any manufacturer."


About DivX

DivX, Inc. is a 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 200 million DivX devices have shipped into the market 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.

About On2 Technologies Finland Oy

A wholly-owned subsidiary of On2 Technologies, Inc., On2 Technologies Finland Oy licenses to chip and mobile handset manufacturers and other developers of multimedia consumer products, the hardware and software designs that make the encoding or decoding of video possible on mobile handsets, set top boxes, portable media players, cameras and other devices.


Information Source:    PRNewswire-FirstCall