BusinessWire
October 10, 2005 01:00 AM US Pacific Timezone

Vidiator Announces Acquisition of Nextreaming Platform Division; The Acquisition Enables a Broader Range of Vidiator Products and Support Worldwide

BELLEVUE, Wash.--(BUSINESS WIRE)--Oct. 10, 2005--Vidiator(R) Technology (US) Inc., a world leader in multimedia content delivery software and solutions for mobile, announced the acquisition of the assets and engineering talents of Nextreaming's Platform Division from Nextreaming Corp., effective immediately. The assets include the following intellectual property: Xenon2, Xenon(TM), NexEncoder encoders; Nextreamer, NexCaster, and NexGate streaming solutions; and others. The transaction will strengthen Vidiator's global presence with more resources in research and development and global support and services.

"Korea is the most advanced wireless marketplace in the world and I see a great value in combining the technologies, innovation and invention for 3GPP and 3GPP2 customers. This initiative will benefit not only our customers, but also our partners, all of whom have been asking us to offer entry and enterprise-grade products. The combination is a natural fit," said Connie Wong, CEO of Vidiator.

By combining the Vidiator and Nextreaming server portfolios, customers will have the opportunity to benefit from the joint technologies, including the strong support of streaming, encoding, transcoding and trancoding between MMSC. The Vidiator streaming platforms now offer the support of multiple operating systems -- including Linux, Solaris and Microsoft Windows -- and can run as clustered or single server systems for mobile TV, live broadcasting and media-on-demand. The combined engineering resources will continue their aggressive roadmap in research and development.

Nextreaming will concentrate on reinforcing and specializing embedded software and solutions on multimedia handsets. Moreover, Nextreaming will make efforts to cope with sharply increasing demands from overseas chip makers and handset manufacturers, who highly appreciate and rely on Nextreaming's advanced and accumulated expertise and cutting-edge technologies such as H.264, AAC+, and mobile TV.

"The combination of Vidiator and the Nextreaming platform technologies, expertise and intellectual properties as well as the financial stability of Vidiator will accelerate product development to ensure our customers' continuing success in mobile media streaming, encoding and transcoding capabilities. This is a mutually beneficial decision that will allow Nextreaming to more profoundly focus on delivering overseas customers the market-proven technologies in embedded multimedia solutions. Nextreaming has gained a dominant position in the Korean multimedia handset market with customers such as Samsung, SKY Teletech, Motorola, and Curitel for years," said Dr. Il-Taek Lim, CEO of Nextreaming.

About Vidiator Technology (US) Inc.

Vidiator is the world's leading provider of mobile multimedia streaming and transcoding solutions. Since 1998, Vidiator has pioneered mobile multimedia technology research and development, specializing in streaming, encoding, transcoding and 3-D technology. Vidiator develops applications that leverage the company's patented streaming and 3-D technologies and is also a global publisher and distributor of multimedia entertainment products for the mobile market. Vidiator's distribution network reaches across more than 20 countries on four continents.

Vidiator's streaming technology (VeeStream(TM)) has won industry awards and achieved the highest level of interoperability among 3GPP and 3GPP2 mobile handsets in the market. Vidiator is streaming up to one million multimedia clips a day in Europe.

Vidiator supports mobile operators around the world in multimedia content delivery. With more than 5 decades of combined experience in mobile delivery, Vidiator's team provides state-of-the-art technology to create, distribute, and view video, audio and 3-D content in all formats including H.264 and AAC+. Vidiator offers an entire mobile "solution set" encompassing content, 3D applications, transcoding, streaming, content management, subscriber management, device management and hosting services.

Vidiator partners with branded content owners to produce and re-purpose content for the mobile market. Using the Vidiator patented 3-D engine, 3-D applications can be easily created that bring fun, interactivity and personalization to mobile subscribers. Vidiator is the world's first to combine 3-D graphics with video for mobile multimedia applications.

Since 1998, Vidiator is a subscriber-driven company with end-to-end content delivery solutions. Today, the company remains strong in R&D, continually enhancing and enriching our leading edge technologies in streaming, encoding, transcoding, 3-D and the emerging multicasting technologies such as DVB-H and MBM-S.

Vidiator has offices in Bellevue, Washington (headquarters); Los Angeles; London; Hong Kong; Seoul, Korea; Japan; and Shanghai, China. Visit http://www.vidiator.com.

About Nextreaming Corp.

Nextreaming is a leading provider of embedded multimedia solutions for mobile phones and other wireless devices. Nextreaming's products enable mobile phones to be equipped with camera, camcorder, audio/video player, music player, TV, and video telephony. With Nextreaming's cutting edge products, mobile users can enjoy any type of audio and video contents on their mobile phones and communicate in advanced ways anytime anywhere. Nextreaming's products and technology have been approved by actively participating in IMTC, MPEG, 3GPP, and 3GPP2. Nextreaming's powerful and reliable products have been successfully deployed into more than 20 commercial mobile phones.

Visit http://www.nextreaming.com.