SOURCE: Smith Micro Software, Inc.

Smith Micro Software, Inc.

June 25, 2013 09:00 ET

Smith Micro Drives Innovation in Mobile Video Delivery, Receives Patents for Its VIDIO Platform

Company Also Named by Aragon Research as "Hot Vendor in Mobile"

ALISO VIEJO, CA--(Marketwired - Jun 25, 2013) - Smith Micro Software, Inc. (NASDAQ: SMSI), a leading provider of wireless and mobility solutions, today announced two of its patent applications for video transcoding have been approved by the United States Patent and Trademark Office. The patented technology, used in the company's VIDIO™ platform, provides a highly efficient transcoding engine that dramatically speeds up the process of converting one video format to another. This allows for broad support of the wide variety of mobile and stationary video players in use worldwide. VIDIO was also featured recently as a "cutting-edge product" by Aragon Research.

"The ability to securely and reliably stream video to virtually any mobile device provides new opportunities to monetize video content for industries like hospitality, but it also offers usability advantages to many other industries," said Doug Louie, senior director of product marketing for Smith Micro. "Our VIDIO platform can help field technicians diagnose and repair equipment failures remotely, or give first responders a critical view of emergency conditions before they arrive on the scene. Efficient mobile video delivery benefits the entire mobile ecosystem, from network operators to content providers to end users, and as our patents demonstrate, Smith Micro provides unique, innovative technology in this area."

About VIDIO
VIDIO (US Patent No. 8,295,345 and US Patent No. 8,345,746) is the most comprehensive video delivery platform for broadcasting both live and on-demand content to the Web or any Web-enabled device, as well as set-top boxes. With VIDIO, rights-free content can be streamed to more than 15,000 device models with no client software required. For rights-managed content, VIDIO offers integrated Digital Rights Management capabilities. 

Aragon Research recently named Smith Micro a 'Hot Vendor in Mobile 2013' for its VIDIO platform, highlighting the intelligent transcoding features that can stream video to a wide range of devices without the need for a device client. The report also described the value of adaptive streaming in vertical industries like healthcare, education and public safety applications.

Industry-specific VIDIO use cases:

  •  Hospitality: According to a recent survey conducted by Smith Micro, 55 percent of consumers are very likely to book a hotel due to availability of mobile content and services, up 12 percent from a 2012 survey. The full results of Smith Micro's latest survey are available here: 2013 survey. The VIDIO platform allows hotel guests to enjoy a high-quality video experience anywhere on a hotel property, and creates new opportunities for the hospitality industry to monetize mobile content.

  • Public Safety: With limited network coverage and a fragmented mobile market, making closed-circuit video streams accessible to emergency first responders on mobile devices is challenging. The VIDIO delivery platform addresses these challenges, providing secure, live video streams from multiple sources to a wide range of devices, improving situational awareness for first responders prior to arriving on the scene of an emergency.

  • Utility/Field Service: Field service technicians often encounter situations where they need immediate technical insight from an expert, or just "another set of eyes" on a job or situation. The VIDIO platform enables field technicians to stream live video in real-time back to their colleagues to help troubleshoot and fix equipment remotely, saving valuable time and reducing costs associated with deploying additional resources onsite.

About Smith Micro Software, Inc.:
Smith Micro Software provides solutions that simplify, secure and enhance the mobile experience. Our portfolio includes a wide range of applications that manage broadband connectivity, data traffic, devices, voice and video communications over wireless networks. With 30 years of experience developing world-class client and server software, Smith Micro helps the leading mobile network operators, device manufacturers and enterprises increase efficiency and capitalize on the growth of mobile-connected consumers and workforces. For more information, visit smithmicro.com. (NASDAQ: SMSI)

Safe Harbor Statement:
This release contains forward-looking statements that involve risks and uncertainties, including without limitation, forward-looking statements relating to the company's financial prospects and other projections of its performance, the existence of new market opportunities and interest in the company's products and solutions, and the company's ability to increase its revenue and regain profitability by capitalizing on these new market opportunities and interest and introducing new products and solutions. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the company's products from its customers and their end-users, customer concentration given that the majority of our sales depend on a few large client relationships, including Sprint, new and changing technologies, customer acceptance and timing of deployment of those technologies, new and continuing adverse economic conditions, and the company's ability to compete effectively with other software companies. These and other factors discussed in the company's filings with the Securities and Exchange Commission, including its filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.

Smith Micro, VIDIO, and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective companies.

Contact Information

  • PRESS INQUIRIES:
    Suzanne Runald
    Smith Micro Software, Inc
    +1 (949) 362-5800
    Email Contact

    Lauren Grassetti
    LEWIS PR for Smith Micro
    +1 (619) 677-2700
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