DivXNetworks Partners With Plextor to Release
First DivX Certified Hardware Video Encoder
Plextor ConvertX Video Capture Device Enables
High-Quality DivX® Encoding and Editing

San Diego and Fremont, Calif. '“ February 17, 2004 '“ DivXNetworks, Inc., the company that created the revolutionary, patent-pending DivX® video compression technology, and Plextor® Corp., a leading developer and manufacturer of high-performance CD-RW and RDVD disk drives and digital video converters, today announced a partnership to enable consumers to easily encode and edit high-quality video content. The two companies also announced that the Plextor ConvertX™ Digital Video Converter is the first official DivX Certified™ hardware encoding and editing device to hit the market.

ConvertX allows users to convert video from a wide variety of sources to high-quality DivX video in real time using a Windows-based PC. The hardware device is used for consumer and business video applications. Before certifying ConvertX, the DivXNetworks expert team of video engineers subjected the device to a rigorous testing process to ensure high performance and interoperability with all versions of DivX video. The ConvertX Model PX-M402U is available today for $ 159 at www.divx.com/hardware.

'We're excited to partner with Plextor to bring the first DivX Certified hardware encoding device to market. Our users can now easily achieve real-time DivX encoding without maxing out their processor or shutting down every other application running on their PC," said Bill Holmes, Director of Product Management for Consumer Electronics at DivXNetworks, Inc. 'The ConvertX device is a great product that satisfies a significant need in the marketplace. We have seen numerous requests for hardware DivX encoding from partners and consumers, and with an officially certified hardware encoder, users can now create video files that will be 100% compatible with the millions of DivX Certified DVD players hitting the market in 2004."

The new ConvertX device also allows users to easily edit DivX video content, making it faster and easier for users to cut unwanted scenes and add titles, transitions, and special effects. Thanks to the industry-leading compression ratio of DivX video, ConvertX users can store up to 2 hours of high-quality video on a single CD or 10 hours of high-quality video on a single recordable DVD. The standard for highly compressed high-quality video, DivX is among the world's most popular video technologies with over 100 million users worldwide.

"ConvertX is the first hardware encoding device on the market with full DivX video encoding and editing capability," said Howard Wing, Vice President of Sales and Marketing, Plextor. "By partnering with DivXNetworks, we are providing great value to DivX users everywhere who have been awaiting a high-performance, easy-to-use hardware device to encode and edit all their content."

With the launch of the DivX Certified Program for encoding devices, DivXNetworks includes a full DivX software development kit, rigorous certification testing, and marketing and sales support focused on helping third party development and OEM partners create DivX Certified hardware encoding solutions. The DivX Certified Program enables companies to meet the global demand for high-quality DivX video-enabled encoding devices, including video peripherals, video cards, digital cameras, digital camcorders, personal video recorders, and more. For more information on the DivX Certified Program, visit www.divx.com/certified. For more information on the Plextor ConvertX device, visit www.plextor.com/english/products/ConvertX2.htm.

About DivXNetworks

DivXNetworks is a consumer-focused video technology company positioned at the center of multimedia convergence. The company's core offering is the DivX ® video codec, the world's most popular MPEG-4 compatible video compression technology with over 100 million users worldwide. Often called 'the MP3 of video," the patent-pending DivX video technology offers DVD-quality at 10 times greater compression than MPEG-2 files, enabling full length films to easily fit on a CD or be delivered over broadband connections. DivX video technology powers a range of applications that span the convergence value chain, from a secure IP-based video-on-demand solution to next-generation consumer electronics products and video software applications. DivXNetworks is headquartered in San Diego, California, with satellite offices in Los Angeles and San Jose, CA, Taipei, Taiwan, and Dortmund, Germany. For more information, visit http://www.divxnetworks.com.

About Plextor

Plextor Corp. is a leading developer and manufacturer of high-performance digital media equipment for professionals, consumers, and enterprises. Headquartered in Silicon Valley since 1990, Plextor has introduced generations of award-winning products, including optical drives for CD-ROM, CD-R, CD-RW, and DVD±R/RW, as well as video capture devices. Plextor is privately owned by Shinano Kenshi Co., Ltd., a developer and manufacturer of advanced technology hardware and precision electronic equipment headquartered in Japan.

Source: Plextor America