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ADGL AllDigital Holdings Inc (CE)

0.000001
0.00 (0.00%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
AllDigital Holdings Inc (CE) USOTC:ADGL OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 00:00:00

AllDigital Integrates DivX Plus Streaming Technology Into Leading Cloud Solution for Content Distribution

07/04/2014 1:00pm

GlobeNewswire Inc.


AllDigital (CE) (USOTC:ADGL)
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DivX, LLC, a leading provider of next-generation digital video solutions, and AllDigital Holdings, Inc. (OTCBB:ADGL), a leader in digital broadcasting solutions, today announced an agreement to integrate a suite of DivX® video technologies into AllDigital's cloud-based content management system for the delivery of video content to multiple devices.

AllDigital has added support for DivX Plus Streaming® and the DivX Video Service™ to the AllDigital Cloud. AllDigital is also using the DivX TotalCode Enterprise application to prepare its content libraries into the DivX Plus Streaming format. DivX Plus Streaming brings a robust feature set to streaming media, including multi-language subtitles and audio tracks, trick-play track for smooth fast forward and rewind, chapter points for quick scene navigation, and resume playback across devices. Additionally, AllDigital will support DivX DRM, a studio-approved digital rights management solution that has been embedded in over 1 billion consumer electronics devices. AllDigital also plans to support DivX HEVC, an extremely efficient solution for HD and UltraHD (4K) content delivery that provides content providers with bandwidth savings of up to 50% over existing technologies.

"As the provider of a leading cloud-based content management platform, AllDigital represents an extremely important piece of the digital entertainment value chain," said Dr. Kanaan Jemili, CEO of DivX, LLC. "By supporting DivX Plus Streaming, TotalCode, DivX HEVC, and DivX DRM, our leading DRM solution, AllDigital will enable its customers to easily stream protected, high-quality content to multiple devices while preserving bandwidth and offering a seamless consumer experience."

At the NAB Show, DivX and AllDigital plan to demonstrate a combined solution consisting of the DivX Video Service integrated onto the AllDigital Cloud. The solution showcases DivX Plus Streaming and the DivX mobile player integrated into the AllDigital mobile Android discovery application. Joint demonstrations will take place throughout the show April 7th to April 10th in both the DivX booth SU-9110 and in the AllDigital suite at the Renaissance hotel.

"Our customers require a solution that lets them easily and reliably stream exceptional high-quality, protected video to any screen in a consumer's lifestyle, and the DivX solution aligns perfectly with this requirement," said Dean Hart, Chief Technology Officer of AllDigital, Inc. "DivX Plus Streaming with DivX DRM is a proven solution that has been approved by the Digital Entertainment Content Ecosystem (DECE) for UltraViolet and Hollywood studios, and the efficiency of the DivX HEVC solution will offer real value to providers of HD and UltraHD (4K) content."

For all DivX related news from NAB visit: www.divx.com.

About DivX, LLC

DivX is a leading provider of next-generation digital video technologies for over-the-top services from content preparation to protected delivery and multiscreen playback of high-quality video across consumer electronics devices and mobile platforms. DivX, along with its subsidiary MainConcept, is accelerating the adoption of the HEVC/H.265 video standard across the video supply chain with solutions for third party software integration, transcoding applications, and protected playback on consumer electronics devices.

About AllDigital

AllDigital (OTCBB:ADGL), a leader in digital broadcasting solutions, is the developer of AllDigital Cloud, a next generation content management system (CMS), focused on the high-speed management and delivery of data and related digital media content. AllDigital Cloud supports multiple types of connected devices including mobile, desktop, and digital television, providing total control over the global distribution of digital media assets. Serving media and entertainment companies, enterprise brands, non-profit and government organizations, AllDigital sets itself apart by offering highly scalable and ultra-low latency (ULL) digital broadcasting solutions, including cloud storage, origin transit, content management solutions, integration services, and related customer support. For more information on AllDigital, please visit http://www.alldigital.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, the matters discussed in this press release, including without limitation, the successful integration of a suite of DivX video technologies into AllDigital Holdings' cloud-based content management system and that the efficiency of the DivX HEVC solution will offer real value to the providers of HD and UltraHD (4K) content by providing bandwidth savings of up to 50% over existing technologies are forward-looking statements that involve a number of risks and uncertainties. The actual future results of AllDigital Holdings could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, unforeseen technical issues; AllDigital's ability to attract sufficient capital to capitalize on the integration of DivX's technologies into AllDigital's product offerings; the ability of AllDigital Holdings to attract and retain talented individuals; adverse economic and market conditions; the projected future demand for AllDigital Holding's services; changes in technology and governmental regulations and policies; and other events, factors and risks previously and from time to time disclosed in AllDigital Holding's filings with the Securities and Exchange Commission, including, specifically, those factors set forth in the "Risk Factors" section of AllDigital Holdings most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission.

CONTACT: For DivX:
         Tom Huntington
         VP of Marketing
         858-882-6413
         thuntington@divxcorp.com
         
         For AllDigital:
         Evan Pondel
         PondelWilkinson
         (310) 279-5980
         epondel@pondel.com

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