Packetvideo and Symbian to Provide Mobile Video Software for Smartphones

CTIA WIRELESS 2001 - LAS VEGAS, Nevada - PacketVideo Corporation and Symbian today announced that they are partnering to provide leading edge mobile multimedia solutions for developers using the Symbian platform. As part of this initiative, PacketVideo, the recognized leader in wireless multimedia, has become a member of the Symbian Technology Partner Program and has optimized its mobile video decoding software, PVPlayer, for Symbian's mobile operating system.
"It is crucial for the take-up of mobile multimedia that the whole industry, from chip builders to content companies, have a standards- based format for mobile video and multimedia," says Catriona Galbraith, partner manager, Symbian. "Our partnership with PacketVideo further promotes the availability of standards-compliant video playback and streaming software that licensees can choose to integrate with their Symbian-based devices." "From the formation of the company, PacketVideo has concentrated boldly on technology designed to use the MPEG-4 open standard to provide the highest quality wireless multimedia possible," said Kathleen Peters, vice president of Embedded Solutions for PacketVideo.

"We believe that the standards-based approach of our software solutions and our lead in key technologies such as error resilience and decoding software that preserves battery life, provides developers using the Symbian platform with an ideal toolkit for the provision of mobile multimedia."

PVPlayer is a software product that intelligently decodes live or pre- recorded digital media for viewing on portable devices at variable bitrates. PVPlayer is a component of PVPlatform, PacketVideo's end-to- end wireless multimedia system that comprises encoding, server and decoding software products. PacketVideo's flexible technology enables high-fidelity audio, two-way audio with one-way video, two-way video/audio, and other applications. PVPlayer can be embedded into manufactured devices (silicon, SmartPhones, personal digital assistants, laptops) or downloaded for use as needed. PacketVideo's software solutions can be deployed in a variety of configurations on a broad range of products and wireless network platforms.

The company works closely with customers to optimize network, device or hardware platforms for maximum throughput and audiovisual quality. The Symbian Technology Partner Program offers leading wireless technology providers the opportunity to work closely with Symbian in developing enabling technologies and to engage in co-marketing campaigns, thereby adding value to the Symbian platform. Symbian also assists technology partners in engaging directly with Symbian's licensees and other partners to enable rapid time-to-market for a wide range of Wireless Information Devices (WIDs). Symbian's licensees include Ericsson, Kenwood, Motorola, Nokia, Panasonic, Psion, Sanyo, Siemens and Sony.

About PacketVideo
PacketVideo, the recognized leader in wireless multimedia, provides MPEG-4 compliant software that enables the delivery, management and viewing of video, audio and multimedia applications over current wireless networks to mobile devices such as telephones and personal digital assistants. PacketVideo's pioneering end-to-end solution delivers the highest quality multimedia experience possible in every mobile environment, globally. The company markets its software to wireless operators, wireless device and silicon manufacturers, and content providers to ultimately enable mobile consumers to access a variety of applications, including news and financial stories, sports highlights, music videos, weather and traffic reports, and home or work security cameras, from any location. Mobile consumers can gain access to multimedia content today by visiting PVAirguide www.pvairguide.com, the world's first wireless streaming media showcase.

PacketVideo's investors include Comverse Technology (Nasdaq: CMVT), Credit Suisse First Boston, GE Equity (NYSE: GE), Intel Capital (Nasdaq: INTC), Kyocera (NYSE: KYO), Motorola (NYSE: MOT), Philips (NYSE: PHG), QUALCOMM (Nasdaq: QCOM), Siemens' Mustang Ventures, Sony Corporation of America (NYSE: SNE), Sun Microsystems (Nasdaq: SUNW), Texas Instruments (NYSE: TXN), AOL Time Warner (NYSE: AOL), and others. To learn more, visit www.pv.com.

About Symbian
Symbian owns, develops and licenses a software platform for next generation mobile phones. Owned by Ericsson, Matsushita, Motorola, Nokia and Psion, Symbian's mission is to license the Symbian platform to all mobile phone manufacturers and to create a mass market for next generation mobile phones by working closely with wireless networks, content, services, messaging and enterprise wide solution providers. For more information see www.symbian.com.

Source: PRNewswire