LG Electronics Launches DivX DVD Players
MISSISSAUGA, Ontario & SAN DIEGO - June 2, 2005 - LG Electronics Inc., a leading manufacturer of consumer electronics, announced today the introduction of DivX Certification to its 2005 line of DVD devices for sale in Canadian retail outlets. Thirteen different DVD products, ranging from portable players to DVD recorders to entire home theater solutions, will be available from retailers across the country this month. The DivX Certified LG devices offer users unprecedented flexibility in watching pre-recorded discs and discs that they have created from their own multimedia content.
LG's 2005 line-up of audio/video products are designed to create a complete entertainment experience that enables users to enjoy the widest variety of digital media formats. The DivX Certified DVD devices from LG include three different HTIB (home theater in a box) systems, four DVD recorders, and four DVD player devices, including a portable DVD player.
"We created our 2005 DVD product line to empower our users to enjoy the widest variety of entertainment content possible, and support for the widely popular DivX video format, which has become the standard for high quality, highly compressed digital video, is a key element of that vision," said LG Canada's Ross Snow, Director of Sales and Marketing.
"By including DivX capability in a variety of different DVD devices, LG Electronics is proving their commitment to creating and distributing products that meet the needs of the millions of users all over the world who are clamoring for products that support DivX video playback," said Bill Holmes, Vice President of Consumer Electronics at DivX, Inc.
For more information on DivX Certification, visit http://www.divxnetworks.com/solutions/certification/index.php . For more information on LG Electronics Canada, visit http://www.lg.ca .
About DivX, Inc.
DivX, Inc. is a consumer-focused video technology company positioned at the center of multimedia convergence. The company's core offering is the DivX(R) video codec, among the world's most popular video compression technologies with over 160 million users worldwide. The patent-pending DivX video technology offers DVD-quality at 10 times greater compression than MPEG-2 files, enabling full length films to easily fit on a CD or be delivered over broadband connections. DivX video technology powers a range of applications that span the convergence value chain, from a secure IP-based video-on-demand solution to next-generation consumer electronics products and video software applications. DivX, Inc. is headquartered in San Diego, California.
About LG Electronics, Inc.
LG Electronics, Inc., headquartered in Seoul, South Korea, was established in 1958 and has grown into a global force in electronics, information and communications products with annual total revenues of US $29.9 billion (consolidated).
With more than 64,000 employees working in 73 overseas subsidiaries and marketing units around the world, LG Electronics is comprised of four main business companies including Digital Display, Digital Media, Mobile Communications and Digital Appliance.
The LG Digital Media Company provides digitally integrated products such as audio video systems, optical storage, PC and car infotainment focusing on next-generation businesses.
LG Electronics' goal worldwide is to create and enable the intelligent networking of digital products that will make consumers' lives better than ever. For more information, please visit http://www.LG.ca .