Fedtec Launches Global Tender Program for Vendor Participation to Its 'Portable Video Reference Design'

Fedtec Launches Global Tender Program for Vendor Participation to Its 'Portable Video Reference Design'

BANGALORE, INDIA -- 26-02-2003 -- Fedtec today announced the launch of a 'Global Tender Program' to market its DivX® Certified Reference Designs of next-generation portable video players based on Texas Instruments' TMS320DMxx platform. The objective of the Program is to enable consumer electronics manufacturers worldwide to license at optimum cost a ready-to-manufacture reference design including Hardware, Software and Industrial Design, with modular and optional customisation in display, power/battery, network, storage and housing.
In order to offer the lowest cost bill-of-material option to the OEMs, Fedtec invites vendors/manufacturers to participate in this Global Tender Program for various components/parts/modules of the reference design, particularly with regard to display, battery and storage. If selected by Fedtec and/or the OEM, as part of the reference design/final product, the vendor/manufacturer shall finalize business terms directly with the OEM, based on mutual interests. The criterion for selection will take into account product quality, global availability and reliability apart from pricing.

"Based on the tremendous response from our prospects, we plan to license manufacture of a minimum of 500K units of portable video players across Tier-I/II manufacturers, in the first year," said Rathan Kumar, Chairman & CEO of Fedtec. "Fedtec would create reference designs for fully DivX Certified portable video players scheduled to hit the market mid 2003."

"We're excited to work closely with Fedtec as they bring DivX Certified reference designs to key consumer electronics manufacturers around the world," said Shahi Ghanem, President and COO of DivXNetworks, Inc. "There is an enormous global demand from both consumers and manufacturers for DivX powered devices. Fedtec is an ideal partner to help us meet this demand by bringing high-powered and fully-certified DivX reference designs to market in a timely manner."

About Fedtec:

Federal Technologies Limited (Fedtec) is a design house in streaming media technologies for creation, delivery, reception, storage, management and presentation of multimedia content over a wide spectrum of embedded multimedia products. Having contributed significantly to the consumer electronic OEMs in APAC with reference designs in set-top technologies, Fedtec's current design focus include portable/handheld multimedia recorders, multi-mode cameras, videophones, video security and surveillance systems apart from residential gateway products and solutions. Fedtec's core value comes from its ability to leverage speech, audio, image and video standards compliant software (encoder/decoder) suites, streaming, communication, network and internet access protocols and engines together with system design expertise to deliver 'ready-to-manufacture solutions' and/or modules, with warranty & support to manufacturers, pre/post production. For more information, visit http://www.fedtec.com.

About DivXNetworks:

DivXNetworks Inc. 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 75 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. For more information, visit http://www.divxnetworks.com.