| 26th October 2004 - 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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