Moonlights SharkImage® MPEG-2 Codec Solution Enables PC-based Home Video PVR and AV Distribution Solution

Moonlight Cordless, a world leader in MPEG-2 and H.264 video encoding and decoding solutions, makes history as the first company to enable the digital storing and distribution of TV and video content to multiple PCs and IP set top boxes throughout the home or enterprise using a consumer-grade video capture card.

Tel Aviv, Israel March 11, 2003-Moonlight Cordless, a world leader in MPEG-2 and H.264 video encoding and decoding solutions, makes history as the first company to enable the digital storing and distribution of TV and video content to multiple PCs and IP set top boxes throughout the home or enterprise using a consumer-grade video capture card.

Moonlights PVR/NetStreamer Encoder for PCs, part of the SharkImage MPEG-2 codec solution, allows video capture card manufacturers to add this remarkable remote content distribution feature to their product line, creating extremely low cost PVR, Video Distribution Centers, and Media Centers. Combined with Moonlights Elecard MPEG-2 Streaming Decoder, the PVR/NetStreamer Encoder creates a full home distribution video system.

The video capture card is an inexpensive, conventional PCI card for use in PCs and set top boxes. The Moonlight PVR/NetStreamer software bundled with the video capture card provides added value by capturing information from the set top box or video source and distributing it over remote displays, broadcasting (unicast or multicast/PES or TS) the content to multiple wireless or wired networked display screens.

The secret to Moonlights ability to push the envelope in this developing market is that we have developed the technology for both decoders and encoders," says Ira Dvir, CEO and co-founder of Moonlight. Therefore, we are able to integrate software solutions that can be incorporated into existing technologies to create the technologies of the future."

Moonlight will present their video capture card PVR/NetStreamer SW Solution" and their SharkImage H.264/MPEG-2 encoder and decoder products at CeBit 2003 and NAB 2003.

At CeBit 2003, Moonlight will be exhibiting at the Glasgow conference and demo room at the Copthorne Hotel, Hannover. The hotel is a 5-minute walk from CeBits South Entrance. In addition, a hotel shuttle provides transportation to and from the North Entrance of the CeBit Fairgrounds.

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Moonlight Cordless Limited

Moonlight Cordless Limited is a provider of hardware and software codec products based on its core-technology. Moonlights Soft System On-a-Chip and PC software products provide powerful and cost-effective video codecs for consumer electronics and PCs, over existing standards (mainly MPEG-2 and H.264). The Companys revolutionary video technology drives the expansion of software and silicon MPEG-2 and H.264 products. Since its establishment, Moonlight has challenged the status quo of the video compression industry by stretching the limits of existing standards and enabling MPEG-2 compression in unparalleled quality and bit rates. Moonlight Cordless Limited is a privately held company based in Tel Aviv, Israel. The company was established in January 2000.

To learn more about Moonlight, visit www.moonlight.co.il

PRESS CONTACT:

Abby R. Spiro

Moonlight Cordless Ltd.

32 Tuval St. Ramat Gan, Israel

Phone: +972 (3) 6126670

Email: abby.spiro@moonlight.co.il

Website: http:// www.moonlight.co.il