WILMINGTON, Del., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Today, InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, and Broadpeak (Euronext Growth: ALBPK), a global leader in CDN and advanced video streaming solutions, announced a collaboration to develop content delivery networks capable to stream MPEG Visual Volumetric Video-based Coding (V3C) immersive content at scale.
Volumetric video is a critical component in the creation and enjoyment of increasingly immersive experiences and the MPEG V3C standard defines the general mechanism for coding and streaming volumetric content. Unlike traditional video, volumetric video is comprised of a sequence of frames, where each frame is a 3D representation of a real-world object or scene capture from a moment in time. Volumetric content requires significant bandwidth, and the compression codecs within the MPEG V3C standard play an important role in achieving sustainable and viable data rates for the industry. The wide-scale distribution of volumetric content to broad audiences also depends on efficient and V3C-compliant distribution networks, and this is a key area of focus for the InterDigital-Broadpeak collaboration.
The collaboration will leverage each partner's research expertise. InterDigital will contribute the V3C end-to-end implementation platform built jointly with its partner Philips, and Broadpeak will contribute on packaging and content delivery network (CDN) technologies. Together the partners will demonstrate and benchmark efficient delivery of immersive media, including through industry trade shows.
"As we innovate and push the boundaries of distributing immersive content and experiences, it is our collaboration and joint research with partners like Broadpeak that further amplify our research impact," said Rajesh Pankaj, EVP, and Chief Technology Officer, InterDigital. "Together, our technology contributions foster crisper outcomes and enhanced efficiency when processing volumetric content to deliver the increasingly immersive experiences we all demand."
"Video service providers seek to offer new experiences to their customers to differentiate in their market, increase their ARPU and lower their churn. Volumetric content streaming is one of the most attractive immersive use cases, but it is a challenge to deliver these bandwidth-intensive formats at scale," said Guillaume Bichot, Head of Exploration at Broadpeak. "Thanks to our collaboration with InterDigital, we will further enhance our Origin-Packager and CDN to stream standardized V3C volumetric content to wide audiences."
InterDigital and Broadpeak will showcase the latest results of their collaboration on immersive content distribution at scale at Mobile World Congress in Barcelona from February 26 - 29. Located at the Broadpeak booth CS299 in Congress Square, the partners will display the innovative ability to stream volumetric video content to wide audiences on commercially available, off-the-shelves devices.
About InterDigital ®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations. Words such as "believe," "anticipate," "estimate," "expect," "project," "intend," "plan," "forecast," "goal," "could," "would," "should," "if," "may," "might," "future," "target," "trend," "seek to," "will continue," "predict," "likely," "in the event," and variations of any such words or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are made on the basis of management's current views and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to, (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements; (ii) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, additional or related legal proceedings, including appeals, changes in the schedules or costs associated with such proceedings or adverse rulings; (iii) our ability to leverage our strategic relationships and secure new patent license agreements on acceptable terms; (iv) our ability to enter into sales and/or licensing partnering arrangements for certain of our patent assets; (v) our ability to enter into partnerships with leading inventors and research organizations and identify and acquire technology and patent portfolios that align with our roadmap; (vi) our ability to commercialize our technologies and enter into customer agreements; (vii) the failure of the markets for our current or new technologies to materialize to the extent or at the rate that we expect; (viii) our continued ability to develop new technologies and secure new patents, including the risk of unexpected delays or difficulties related to the development of our technologies; (ix) risks associated with our capital allocation strategies, including risks associated with our planned dividend payments and share repurchases; (x) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act, as well as further guidance that may be issued regarding such act; (xi) risks related to the potential impact of new accounting standards on our financial position, results of operations or cash flows; (xii) failure to accurately forecast the impact of our restructuring activities on our financial statements and our business; (xiii) the timing and impact of potential administrative and legislative matters; (xiv) changes or inaccuracies in market projections; (xv) our ability to obtain liquidity though debt and equity financings; (xvi) the potential effects that macroeconomic uncertainty could have on our financial position, results of operations and cash flows; (xvii) impacts from acts of terrorism, war or political or civil unrest, or any responses thereto, in the United States or elsewhere; (xviii) changes in our business strategy; (xix) changes or inaccuracies in our expectations with respect to royalty payments by our customers and (xx) risks related to our assumptions and application of relevant accounting standards, including with respect to revenue recognition.
We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.
| InterDigital?Contact: | |
| Roya Stephens | |
| Email:?Roya.Stephens@interdigital.com | |
| +1 (202) 349-1714 | |
About Broadpeak ® (https://broadpeak.tv)
Broadpeak® designs and manufactures video delivery components for content providers and network service providers deploying IPTV, cable, OTT, and mobile services. Its portfolio of solutions and technologies powers the delivery of movies, television programming, and other video content over managed networks and the internet for viewing on any type of device. The company's systems and services help operators increase market share and improve subscriber loyalty with superior quality of experience.
Broadpeak supports all of its customers worldwide, from simple installations to large delivery systems reaching capacities of several million simultaneous streams. The company is headquartered in Cesson-Sevigne, France.
Broadpeak is listed on Euronext Growth Paris (code ISIN: FR001400AJZ7; ticker: ALBPK)
| Broadpeak Contact: | |
| Elodie Levrel, Corporate Marketing and Communications Director | |
| Elodie.levrel@broadpeak.tv | |
| + 1 347 270 6733 | |
