SOURCE: NeuLion, Inc.

NeuLion, Inc.

April 18, 2016 08:03 ET

Panasonic Licenses NeuLion's MainConcept SDK For 4K Cameras

Enables 4K 60p and 2K 240p Video Formats For New Panasonic Varicam LT Camera

PLAINVIEW, NY--(Marketwired - April 18, 2016) - NeuLion, Inc. (TSX: NLN), a leading technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, today announced that it has expanded its MainConcept® Codec SDK portfolio with support for Panasonic Corporation's newest cinematic 4K camera VariCam LT.

The VariCam LT is tailor-made for owner/operators, independent filmmakers, documentary makers and corporate production creators. New formats introduced in the VariCam LT and supported by MainConcept include AVC-Intra 4K-LT up to 60p, and AVC-Intra 2K-LT and AVC-Intra LT (HD) - designed to offer capture rates up to 240p, ideal for sports and documentaries.

Panasonic Corporation's long time professional partner, codec solution MainConcept, has provided major broadcasters and software companies the codec support they require to ingest content captured by Panasonic cameras. The partnership begins long before cameras go to market, with camera makers collaborating with MainConcept and delivering technical specifications and testing tools early to ensure full format compliance with future MainConcept SDK releases.

By supplying SDKs to the professional broadcast market, including companies like Adobe, AVID, Microsoft, Autodesk and others, MainConcept remains at the forefront of the constantly evolving digital video landscape. MainConcept's SDKs support video formats outputted by the world's largest camera brands and in addition, help to power NeuLion's OTT platform encoders for a complete 4K-ready delivery ecosystem.

"MainConcept has consistently delivered excellent technology and expertise to drive the industry forward, and so it should come as no surprise that we rely heavily on the SDKs they develop and license to the workflow partners for VariCam LT and other product lines," said Kunihiko Miyagi, Executive VP of Cinema and Broadcasting, Panasonic Corporation.

"Top companies around the world look to MainConcept™, we are a leading global provider of video and audio codec solutions, that power products and solutions of many top companies like Panasonic. We are excited to partner with Panasonic as they roll out their newest addition to Panasonic's cinema camera line," said NeuLion CEO Dr. Kanaan Jemili.

The MainConcept SDK is available now. Contact us to request an evaluation license today.

About NeuLion

NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital content management, distribution and monetization for content owners worldwide including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. With the recent acquisition of DivX, LLC, NeuLion also operates a robust consumer electronics licensing business that has enabled over 1 billion devices worldwide with secure, high-quality video playback, and delivers a DivX consumer software offering that has been downloaded over 1 billion times. NeuLion's customers include major sports, entertainment and global content companies as well as major consumer electronics manufacturers and software companies. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.

Forward-Looking Statements

Certain statements herein are forward-looking statements and represent NeuLion's current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words "will," "expect," "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to derive anticipated benefits from the acquisition of DivX; our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers' subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the "Risk Factors" section of NeuLion's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, which is available on www.sec.gov and filed on www.sedar.com.

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