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PacketVideo is Founding Member of the Open Handset AllianceSAN DIEGO --(Business Wire)-- In a giant evolutionary step forward for the rapid development of mobile media devices, PacketVideo Corporation (PV) has joined the Open Handset Alliance as a founding member, along with more than 30 other industry leaders. PV, a subsidiary of NextWave Wireless Inc. (NASDAQ:WAVE), is an award-winning creator of embedded software solutions that run the world's leading mobile entertainment services. PV is responsible for the multimedia sub-system to the Android platform, providing the essential media features for media device development. This includes the software code that enables playing and streaming standard formats, recording of images and video. This open-sourced code is called OpenCORE(TM) and will be distributed as part of the planned Android software developer's kit (SDK) offered by the Alliance. From OpenCORE, Alliance developers will be able to build devices that support music applications, video creation and playback, podcast services, real-time streaming and more. "PV is a company whose legacy is rooted in making the highest quality entertainment services available to the mobile user," said James C. Brailean, Ph.D. "We chose to be a part of the Open Handset Alliance to stimulate development of mobile media devices because entertainment should extend to where the consumer wants it and increasingly that's outside the home. "Collaborative development has always been a positive force in the mobile industry," said Brailean. "PV's collaborative spirit started with our role in international standards bodies to evolve how media is delivered in the mobile environment, and continues with the Alliance." About PV: PV, a subsidiary of NextWave Wireless Inc. (NASDAQ:WAVE), is the software innovator powering the world's leading mobile multimedia services. With more than 250 different devices supported and 160+ million PV multimedia clients deployed around the world, PV has the deepest, broadest and most respected multimedia software expertise in the industry. Founded in 1998, PV is headquartered in San Diego, California with regional offices in the U.S., Japan, Europe and India. Note Regarding Forward-Looking Statements: This press release contains "forward-looking statements" for purposes of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual events or results could differ materially from the events or results predicted or from any other forward-looking statements made by, or on behalf of, PV, and should not be considered as an indication of future events or results. Important factors that could cause actual events or results to differ materially are described in filings of our parent company, NextWave Wireless Inc. (NASDAQ:WAVE) with the Securities and Exchange Commission. All such documents are available through the SEC's website at www.sec.gov. PV and NextWave Wireless Inc. make no commitment to revise or update any forward-looking statements in order to reflect changes in events or circumstances after the date any such statement is made, except as may be required pursuant to applicable law. |
