Feb 10, 2005Cannes, France
Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.
Royal Philips Electronics (NYSE: PHG, AEX: PHI), one of the world's biggest consumer electronics companies, and Qualcomm (Nasdaq:QCOM), pioneer and world leader of Code Division Multiple Access (CDMA), today announced the unveiling of a new open standards-based wireless Digital Rights Management (DRM) solution for seamlessly and securely managing and distributing media content between mobile and consumer electronics devices. This technology is the result of joint development activity between Philips and Qualcomm to demonstrate open mobile standards (Open Mobile Alliance (OMA)) DRM v 2 based mobile and digital home solutions. The solution enables users to manage personal digital media rights from their mobile phones for use on various smart consumer electronic devices in their home environments.
Philips and Qualcomm have integrated a set of enabling technologies to create a rich multimedia experience that bridges the simplicity of a 'mobile media wallet' with the full multimedia processing power of wirelessly interconnected consumer domains. This technology will open up new possibilities for management of multimedia media including:
“Philips continues to strive for technical innovation that enriches consumer experiences,” said Hans Streng, CEO Philips Software. “The development activities with Qualcomm allow us to focus our efforts on OMA DRM v2 breakthrough product enhancements that will enable both Philips and Qualcomm to bring cutting edge technology to their customers.”
“The lines continue to blur between wireless, multimedia and consumer electronics. By bridging mobile and consumer electronics, as illustrated in this demonstration with consumer technology leader Philips, Qualcomm is enabling a rich multimedia experience for the end user while lowering cost and reducing time to market for all members of the wireless value chain,” said Dr Paul E. Jacobs, president, Qualcomm Wireless and Internet Group.
The demonstration of Qualcomm and Philips' joint technology and products will be shown, by invitation, during the 3GSM World Congress 2005, Feb.14-17 in Cannes, France.
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 30,3 billion in 2004. With activities in the three interlocking domains of healthcare, lifestyle and technology and 161,500 employees in more than 60 countries, it has market leadership positions in medical diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and silicon system solutions. News from Philips is located at www.software.philips.com.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, California, Qualcomm is included in the S&P 500 Index and is a 2004 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.
Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the extent and speed to which Qualcomm products are deployed, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 2004, and most recent Form 10-Q.
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.