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SmartVideo Technologies, Inc. today announced that it has certified a solution for distribution of live and on-demand video content to Symbian operating system cellular SmartPhones.
SmartVideo?s cellular solutions provide for live and on-demand streaming of video, eliminating the need for protracted downloads which are barriers to active viewers and put at risk the intellectual property of content owners.
The solution extends SmartVideo?s reach from less than 10% of the SmartPhone market to over 75%, a value forecasted at over $1.7 billion for the U.S. in 2007, according to In-Stat / MDR ?Mobile Video Services in the U.S., 2004 ? 2009.? The In-Stat / MDR report also states that key drivers of market growth include ?? breaking news, children?s programming, mobile reference, sports, and adult video. Studios and other content providers, recognizing a lucrative new distribution channel, will release an increasing variety of content for mobile video, much of it optimized for the ?smallest screen?.? The Company is in active dialogue with most major content owners in these venues, developing strategies to distribute their content to this rapidly emerging market.
Microsoft operating system SmartPhones, supported by SmartVideo for over a year, are available from most major cellular carriers. With a choice of more than 25 different phone models, projected ownership is expected to exceed 42 million units by 2007. With the addition of the Symbian operating system capability, SmartVideo?s universe has been extended into lower price-point SmartPhones. The Symbian-based SmartPhones are available from most cellular carriers with a wide choice of phone models from the major manufacturers including Nokia, Motorola, Samsung, Sony Ericsson, and others. It is estimated that by 2007, Symbian-based SmartPhones will exceed 84 million units.
?Today?s development represents another element in our strategy of being the ubiquitous content distribution network. No other company in the world can deliver the breath of content to audiences at home, at work, or on-the-go,? said Richard E. Bennett, President and CEO of SmartVideo. He further added, ?Narrowband delivery of video is the key to fulfilling a worldwide demand for video services to mobile viewers. Based on market forecast numbers, we see a rapidly emerging mobile television audience, with their mobile televisions on their hips, numbering over 120 million viewers in the near future. Our job is to bridge the gap between the content owners and this new distribution channel.?
About SmartVideo
Based in Norcross, GA, SmartVideo Technologies, Inc. is a leading provider of turnkey digital media solutions. SmartVideo has developed its own proprietary service platform, and is a Microsoft Windows Media 9 Series Certified Hosting provider. The Company?s stock is traded on the OTC Bulletin Board under the symbol SMVD.OB. Additional information on SmartVideo including sample demos can be found on the Company?s Web site at www.smartvideo.com or www.smartvideo.ca.
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