Ventures News: PacketVideo Named Among Top 15 Wireless Startups of 2003
Top Wireless Startups of the Year
San Diego, CA - 2.4.2003
PacketVideo today announced that it has been selected as a member of FierceWirelesss annual list of The Fiercest 15, designating it one of the top 15 wireless startups of the year. FierceWireless, an internationally recognized email newsletter for the wireless industry, evaluated more than 1,200 privately held wireless companies based on vision, revenue potential, quality of deals and partnerships, and competitive position.
PacketVideo has become synonymous with the promise of streaming multimedia on mobile devices, said Stephen Wellman, Editor of FierceWireless. The world isnt watching it quite yet, but it will be as PacketVideo continues to sign deals with carriers around the world.
PacketVideo's streaming video platform, pv3 Mobilemedia System, is fully compatible with all types of 2.5G or 3G networks, and has been incorporated into the network infrastructures of NTT DoCoMo (for its FOMA 3G network), T-Mobile, New World Mobility and Orange, plus more than 50 trials with operators worldwide. PacketVideo has also optimized its technology to work with handsets from manufacturers including Sony Ericsson, Fujitsu, Motorola and Nokia. PacketVideo also maintains working partnerships with Siemens, HP, and NEC.
"FierceWireless is recognized for its advanced understanding of wireless trends and businesses," said Dr. James Brailean, chief executive officer. "Being selected as a member of The Fiercest 15 is an honor that underscores PacketVideos growing prominence in the wireless community."
The Fiercest 15 celebrates the spirit of being fierce daring to be innovative and aggressive, even in a difficult market environment. The list is available in todays issue of FierceWireless and on the FierceWireless Web site at www.fiercewireless.com. FierceWireless publishes a daily email briefing read by more than 40,000 executives in more than 100 countries. Since its inception in March 2000, FierceWireless has been recognized as a must-read source of news and intelligence for the wireless industry.
PacketVideo is the worlds leading provider of carrier class mobilemedia software. PacketVideos standards-based software products enable the creation and distribution of one- and two-way video, high-quality audio, animation and rich graphics over wireless networks to mobile devices such as phones and PDAs. PacketVideos pv3 Mobilemedia System, including pvAuthor 3, pvPlayer3, pvServer3, and pvCamcorder, delivers the highest quality media experience possible in every mobile environment. PacketVideos mobilemedia products enhance communication, productivity, security, information and entertainment, enabling the delivery of an enriching and productive mobile experience. For more information, visit www.pv.com
PacketVideos investors include AOL Time Warner (NYSE: AOL), Comverse Technology (Nasdaq: CMVT), Credit Suisse First Boston, GE Equity (NYSE: GE), Infineon Technologies (NYSE: IFX), Intel Capital (Nasdaq: INTC), Kyocera (NYSE: KYO), Motorola (NYSE: MOT), Philips (NYSE: PHG), QUALCOMM (Nasdaq: QCOM), Siemens Mustang Ventures, SAIC, Sony Corporation of America (NYSE: SNE), Sun Microsystems (Nasdaq: SUNW), Texas Instruments (NYSE: TXN), and others.