PacketVideo Brings Live TV to the iPhone

BARCELONA, Spain & SAN DIEGO--(BUSINESS WIRE)--PacketVideo (PV) announced today the commercial availability of PV’s mobile video application for the Apple iPhone, enabling the delivery of operator-branded TV and video services on the popular smartphone for the first time.

“Our ability to bring premium video services to the iPhone as well as the other major mobile platforms opens up new possibilities for mobile operators around the world. We look forward to supporting other exciting new iPhone applications in the near future.”

The application is available immediately and will be sold via operator distribution. Mobile operators are expected to offer the new iPhone application under their own brands via the iPhone Application Store, enabling subscribers to view local live television channels and on-demand video clips.

PV’s first ever commercial application for the iPhone is powered by PV’s well-known CORE™ software platform that has shipped in more than 320 million mobile phones worldwide. In addition to video streaming and playback capabilities, PV’s CORE supports the middleware services needed to deliver live and on-demand content, including support for mobile operator TV services electronic program guide (EPG) information.

“Operators want to offer branded, value-added services across their entire portfolio of devices. The popularity and processing power of the iPhone makes it a very strategic device for the delivery of advanced media content,” said PV CEO James C. Brailean, Ph.D. “Our ability to bring premium video services to the iPhone as well as the other major mobile platforms opens up new possibilities for mobile operators around the world. We look forward to supporting other exciting new iPhone applications in the near future.”

About PacketVideo (PV): PV is the software innovator powering the world’s leading mobile multimedia services. With more than 320 different devices supported and 260+ million PV multimedia clients deployed around the world, PV has the deepest, broadest and most respected multimedia software expertise in the industry. Founded in 1998, PV is headquartered in San Diego, California with regional offices in the U.S., Japan, Europe and India.

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 or from any other forward-looking statements made by, or on behalf of, PacketVideo, and should not be considered as an indication of future events or results. Important factors that could cause actual events or results to differ materially include: our ability to develop and commercialize new products and services; our ability to enter into and maintain customer relationships; changes in capital requirements; and other risks described in filings of our parent company, NextWave Wireless Inc. (NASDAQ:WAVE) with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of NextWave Wireless Inc. with the Securities and Exchange Commission. All such documents are available through the SEC’s website at www.sec.gov. PacketVideo and NextWave Wireless Inc. make no commitment to revise or update any forward-looking statements in order to reflect changes in events or circumstances after the date any such statement is made, except as may be required pursuant to applicable law.