PacketVideo Granted Patent for Advanced Video Compression Technology; Wireless Technology Leader Maintains Research & Development Excellence

Business Wire, Feb 7, 2001

Business Editors & High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Feb. 7, 2001

PacketVideo Corp., the global leader in wireless media, today announced that it has been granted a U.S. patent on standards-based MPEG technology -- motion-compensated block-based transform media compression.

This patent describes an efficient implementation of the Discrete Cosine Transform (DCT) that is a fundamental building block of the MPEG standards, including MPEG-1, MPEG-2, and MPEG-4. This patented technology ensures that PacketVideo's encoder and decoder run efficiently on a wide range of microprocessors.

Founded in 1998, PacketVideo has recruited top tier talent in wireless media and MPEG-4 technology, employing over 100 engineers, one-quarter of which hold advanced doctorate degrees. Although this is the first patent granted to PacketVideo, its distinguished team holds more than 75 patents as individuals in previous positions.

"This patent award provides us with protection for key aspects of our technology and further verifies our commitment to, and excellence in, wireless compression technology," said Dr. James Brailean, president, chief technology officer, and co-founder of PacketVideo. "This will be the first of many patents that further establish PacketVideo as the preeminent wireless media delivery company."

The patent -- number 6,167,092 -- is entitled "Method and Device for Variable Complexity Decoding of Motion-Compensated Block-Based Compressed Digital Video." This patent covers the computing of the block-based motion compensated digital video stream such that the computational complexity is greatly reduced. This allows PacketVideo products to perform faster compressions with less processing power, translating into longer battery life for handheld devices. More frames-per-second are processed as well, which means better image quality.

PacketVideo has a number of patent applications pending in video, multimedia streaming, encoding and decoding technology.

About PacketVideo

PacketVideo, the global leader in wireless media, develops MPEG-4 compliant software that enables the delivery, management and viewing of video and audio over current wireless networks to mobile information devices such as cellular telephones and personal digital assistants. The company markets its software to wireless operators 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.

PacketVideo's investors include Credit Suisse First Boston, Intel Capital (Nasdaq:INTC), Motorola Inc. (NYSE:MOT), Nexus Group LLC, Philips (NYSE:PHG), QUALCOMM Incorporated (Nasdaq:QCOM), Reuters Group PLC (Nasdaq:RTRSY), members of the Rockefeller family, Siemens Mustang Ventures, Sonera (HEX:SRA, NASDAQ:SNRA), Sony Corp. of America (NYSE:SNE), Texas Instruments (NYSE:TXN), Time Warner (NYSE:TWX), and others. To learn more, visit www.pv.com.

PacketVideo and PacketVideo product names are trademarks or registered trademarks of PacketVideo Corp. All other trade names and trademarks are the property of their holders.