
US
: 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."