Packetvideo Receives Cal-IT Partnering Award in Recognition of Explosive Growth in Europe Submitted By: Eclat Marketing Monday, 23 October 2000

PacketVideo Receives Cal-IT Partnering Award in Recognition of Explosive Growth in Europe Submitted by: eclat Marketing Monday, 23 October 2000

Press Contacts Tom Burgess/Jacqui MacCarthy Cal-it Press Office, sponsored by Cable & Wireless +44 1628 400900 [email protected] Michelle Denton California Trade & Commerce Agency, London +44 207 495 3141 [email protected] Gay Bell / David Bramley Platform PR (for PacketVideo) +44 208 964 9149 [email protected] London 23 October 2000 - The California Trade and Commerce Agency today recognised an industry leader by awarding San Diego based PacketVideo its Cal-IT 2000 Partnering Award. This prestigious annual award recognizes the California technology company that has gained the year’s most significant and successful foothold in Europe as a result of its participation in Cal-IT, an annual investment and partnering forum sponsored by the State of California. PacketVideo develops software that enables the delivery, management and viewing of full-motion video and audio over wireless networks to mobile information devices, including SmartPhones, personal digital assistants and laptop computers. One year ago, PacketVideo had ten employees and had just begun public

Page 1 demonstrations of its wireless media technology. Today, PacketVideo has over 270 employees in eight offices worldwide with commercially available technology. "PacketVideo is a shining example of a leading company that has leveraged the unique opportunities offered to both presenting companies and European delegates at Cal-IT," said Jeffrey Gersick, Managing Director for Europe, Middle East and Africa, California Trade and Commerce Agency. "On behalf of California Governor Gray Davis, we are pleased to present this year’s Cal-IT Partnering Award to PacketVideo in recognition of the company’s phenomenal growth, outstanding product and extraordinary success in moving its technology beyond California’s borders." "We are honoured to receive this prestigious award," said James Carol, CEO and Co-founder of PacketVideo. "This award is a testament to our success in Europe and emphasizes the importance of companies working together, across international boundaries, to move technology forward. There is no question that our exponential growth and success in Europe is attributable to the introductions we obtained from Cal-IT." Since PacketVideo’s initial participation in Cal-IT 1999, the company has become the driving force in the development of the European wireless video market. They have established strong business or investment relationships with leading European companies such as ARM, a leading intellectual property provider; BT Cellnet, the UK’s mobile internet market leader; Infineon, a German provider of semiconductor solutions for applications in the wireless and wired communications markets; Reuters Group plc, the world’s leading electronic news and information provider; Royal Philips Electronics, Europe’s leading electronics company; Siemens, a global leader in information and communications technologies; Sonera, Finland’s leading telecommunications provider; and others. PacketVideo will demonstrate its wireless media technology during the course of the two day Cal-IT Forum, which takes place at the Queen Elizabeth II Conference Centre in London. PacketVideo will make a formal business presentation on Monday, October 23 at 16:24. About PacketVideo PacketVideo is the global leader in wireless media. The company’s award-winning MPEG-4 compliant encoding, distribution and decoding software enables content providers and carriers to deliver rich media, not just data, to mobile users anytime, anywhere over any digital wireless network. PacketVideo was recently included in the Red Herring 100 as one of fifty private companies whose products, services, or business models are most likely to change the world. Founded in 1998, PacketVideo is based in San Diego, California, in the heart of "Telecom Valley." PacketVideo’s investors include Credit Suisse First Boston, Intel Capital (Nasdaq: INTC), Nexus Group LLC, Philips (NYSE: PHG), QUALCOMM Incorporated (Nasdaq: QCOM), Reuters Group PLC (Nasdaq: RTRSY), members of the Rockefeller family, Siemens Mustang Ventures, Sonera (HEX: SRA, NASDAQ: SNRA), Sony Corporation of America, Texas Instruments (NYSE: TXN), Time Warner (NYSE: TWX), and others. To learn more, visit http://www.packetvideo.com

Page 2 About Cal-IT Sponsored by the California Trade and Commerce Agency, fifty of California’s most cutting edge technology companies come to the UK for the fifth annual California Information Technology Investment and Partnering Forum (Cal-IT), scheduled 23-24 October at the Queen Elizabeth 2 Conference Centre London. Cal-IT has generated more than US$200 million in deals between such industry giants as Alcatel, Clarent, Metro AG, Vicinity, Cap Gemini, Zland, Audiosoft, Intershop, Deutsche Telekom, Blue Pumpkin, Extreme Networks and Siemens. California companies apply and are selected by a European Technology Advisory Board to introduce their business plans and innovative technologies to key European industry leaders. The expected audience of 350 delegates comes from a broad range of European IT and telecommunications companies, venture capitalists, financial institutions, distributors, resellers and marketing partners. Technology sectors to be covered include e-commerce (B2B, security, payment), network optimization, connectivity, wireless, universal messaging, web applications, supply chain management and knowledge management. For additional details, please see http://www.cal-it.com About the California Trade and Commerce Agency The California Trade and Commerce Agency (CTCA) seeks to attract and facilitate new business investment from Europe into California, as well as to assist California companies to enter or expand their presence in the European market. CTCA programmes include trade missions, partnering conferences, market research, individualized data and site selection assistance, trade show coordination and identification of sales representatives/distributors and partners. Notes to editors If we have not already spoken to you and you would like to attend Cal-it Europe 2000 and/or meet with any of the participating companies, then please contact Tom Burgess [email protected] or Jacqui MacCarthy [email protected] or call the Cal-IT Press Office on 01628 400920 or even call free on 0800 02 MEDIA (0263342)

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