PACKETVIDEO POWERS MILLIONS OF MULTIMEDIA HANDSETS
PacketVideo Powers Millions of Multimedia Handsets, Bringing New 3G Services into Focus for the World's Mobile Consumers Innovations in multimedia software transform cell phone into the world's most influential consumer electronics device
With 3G services already launched in Asia, Japan and Europe, and now becoming available in cities throughout the United States, consumers are individualizing their mobile communications style with video-on-demand, Internet radio, picture messaging, multimedia answering service, and now two-way, real-time video powered by PacketVideo.
PacketVideo today announced its success with more than 50 handset design wins, and 10 million devices shipped worldwide in 2004 with advanced multimedia features powered by PacketVideo multimedia products. Based on market research from analyst firms such as Strategy Analytics and the ZelosGroup, this portion of the handset market will grow fifteen times its current size within five years. In fact, multimedia handsets are predicted to comprise approximately 45 percent of the total handset market by 2008, which bodes well for PacketVideo.
"These are tremendous milestones for PacketVideo, and underscore our central role driving the evolution of the mobile phone as one of the world's most influential consumer electronics devices," said Dr. James Brailean, Ph.D., CEO at PacketVideo.
"We work with carriers to define next-generation services, with OEMs to design compelling consumer products, and with other software and hardware providers to make it all work. With our unique 360 degree view of the industry and software leadership, we're enjoying our role as the pilot for the advanced mobile marketplace."
PacketVideo's mobile software products provide consumer viewing, imaging, and communications capabilities, including features such as video-on-demand, picture messaging, community gaming, music downloading, and two-way real-time videoconferencing. Its advanced solutions are embedded in phones and play an integral role in enhancing the overall communications capability of mobile phones through multimedia functionality.
PacketVideo's software offerings are highly optimized, custom embedded products based on a modular architecture for rapid design, implementation and integration into leading hardware platforms and operating systems.
In related news, PacketVideo today announced that its software has enabled two-way videoconferencing functionality for Nokia, the world's leading handset manufacturer. PacketVideo has made it possible for face-to-face communication showing live video images of both callers on the screens of the new Nokia 6630 phone.
This announcement marks the first phone in the Nokia product portfolio that offers this videoconferencing capability. For more information, see press release titled, PacketVideo Announces Two-Way Videophone Software for Nokia Series 60 Smartphone Platform.
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About PacketVideo Corporation
PacketVideo is the number one supplier of embedded multimedia communications software for mobile phones with more than 60 design wins and 17 million handsets shipped. The company's software enables mobile phones to take digital pictures, record home movies, play back digital music and videos, and make two-way videophone calls. PacketVideo's global leadership is proven by unrivaled relationships with mobile operators, dominance in design wins, and the millions of PacketVideo-powered multimedia phones in the market. PacketVideo was founded in 1998 and is headquartered in San Diego, Calif. More information can be found at www.pv.com.
PR Contacts:
Agency
Bridget Cavanaugh
O'Berry / Cavanaugh PR
bmc@oberrycavanaugh.com
Tel: 406.522.8075
Diana Pailthorpe
O'Berry / Cavanaugh PR
dmp@oberrycavanaugh.com
Tel: 406-522-8075
PacketVideo
Dann Wilkens
PacketVideo
wilkens@pv.com
858-731-5454