PacketVideo's Twonky 8 Takes Communication Service Providers and Consumer Electronics Manufacturers Into the Cloud

SAN DIEGO, CA--(Marketwired - Sep 3, 2014) - PacketVideo (PV) today announced that Twonky 8, the latest version of its Twonky SDK for media connectivity, will be commercially available in early October. PacketVideo is the global leader in providing rich media experiences via the products and services offered by many of the world's leading Communications Service Providers (CSP) and Consumer Electronics (CE) companies.

As mobile devices account for nearly a third of website traffic, close to a quarter of online video is viewed on mobile, and consumers increasingly move their content into the cloud, CSP and CE companies need better ways to create unified service offerings that reach consumers in the cloud and across devices. Twonky 8 is designed to help CSP and CE companies accelerate the process of enabling, adding and monetizing cloud and media services to their product offerings, thereby strengthening their customer relationships and extending their reach into the connected home to include both over-the-top (OTT) and personal cloud services.

"Accessing media online is especially important as our lifestyles become increasingly connected," said Glenn Hower, Parks Associates research analyst. "We found at the end of 2013 that almost 40% of Millennials identified online sources as their most important sources of video content. Getting content to a variety of different connected devices can be tricky, especially when consumers want their content whenever and wherever they happen to be. Cloud-enabled functions will play a big part in making the experience possible."

PacketVideo has provided media connectivity solutions to major consumer electronics brands globally for more than a decade without an associated product recall. Twonky 8 builds on PacketVideo's media expertise to offer a fully cloud-enabled platform for cloud and streaming media monetization, and is differentiated from other solutions by the ease of building companion mobile apps, uniting media services with third-party services and across product lines, and easy integration with new cloud services and connected devices.

"At PacketVideo, we've been supporting superior media experiences since 2004," said Mark Tapling, CEO at PacketVideo. "With Twonky 8, we're leveraging our industry-leading experience to bring the Twonky SDK into the cloud, and enabling the rapidly growing list of cloud content sources. By relying on Twonky 8, CE and CSP companies can build better connected home media solutions for their customers faster, opening up new revenue streams and becoming a go-to choice as a trusted media hub. This strengthens customer relationships, attracts new customers, and reduces churn."

Crucial features of PacketVideo Twonky 8 include:

• Future-proof, cloud-enabled architecture that ensures optimal speed and flexibility
• Built-in support for consumer cloud services like Dropbox, Facebook, and Flickr
• Single login for consumers across OTT and personal cloud services, and custom profiles for multi-user and multi-device connected homes
• Support for streaming and beaming between smartphones, tablets, and TVs
• Easy integration with popular media platforms, including Apple TV, Chromecast, Roku
• Device adaptation technology to support superior media experiences and future-proof services
• Cutting-edge security measures that protect personal and premium content
  
  

For over a decade, Twonky technology has provided reliable connectivity for CE and CSP companies. Now, Twonky 8 expands that connectivity into the cloud. The Twonky 8 SDK will be commercially available in October. For more information about Twonky 8, visit pv.com.

ABOUT PACKETVIDEO
Founded in 1998, PacketVideo (PV) has established itself as the leader in delivering innovative digital media solutions globally. PV's expertise in all things media means our unique technology has the highest performance and reliability in digital media solutions for mobile and consumer electronic products and services. This expertise and experience enables rich media experiences for consumers across the globe.

PacketVideo is the most advanced and trusted digital media solution provider in the industry. Partnering with PV helps companies differentiate their products, seize the growing consumer demand for the connected home, and reduce customer attrition by adding compelling value to products and services. With PV, Communications Service Providers and Consumer Electronics companies have a digital media partner with extensive global experience and that can deliver on large and complex media solution projects, reliably, securely, and with a vision for helping create the digital world of the future.

PacketVideo is a subsidiary of NTT DOCOMO.

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 by such statements. PacketVideo makes no commitment to update any forward-looking statements in order to reflect subsequent changes in events or circumstances except as may be required pursuant to applicable law.