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Motorola, Inc. Release date: March 10, 2008
SCHAUMBURG, Ill., and MILAN, Italy, March 10 -- Motorola, Inc. (NYSE:MOT) through Motorola Ventures, its strategic venture capital arm today announced a strategic investment in Quantum SPA, a leading provider of portable media mobility players. Financial terms of the investment were not disclosed.
Quantum is a developer of DVB-H mobile TV media players and a robust mobile TV Software Engine which meets emerging mobile TV standards and DRM content protection solutions. These products allow consumers anytime access to media experiences such as live TV, on-demand clips and programs saved on a DVR.
"As the Mobile TV market continues to grow significantly, Motorola is committed to supporting innovative companies, such as Quantum, that strive to seamlessly deliver multimedia digital content to consumers on the go," said John O'Donohue, managing director, Motorola Ventures. "Motorola will leverage its relationship with Quantum to enable Pay TV Broadcasters and Mobile Network Operators to offer their subscribers compelling services leveraging the convergence of Mobile TV."
"We are honored to be associated with a forward-looking organization and leader in the mobility world such as Motorola," said Stefano Martini, chief executive officer, Quantum SPA. "Motorola's investment will allow Quantum to expand and accelerate the development of our product lines and create the conditions for a successful rollout of mobile TV worldwide."
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com/.
About Quantum
Quantum develops innovative multimedia digital devices and Software for the up-coming mobile entertainment market. The Quantum DVB-H Portable TV Media Players have been adopted as a reference standard by major Pay-TV Broadcasters and MNOs for trial services worldwide. Based in Milan, Italy, with a product range that focuses on Mobile and Personal TV, Quantum has the objective to make it simple to consumers to enjoy the preferred video entertainment content "anywhere", "anytime", and "media independent". For more information, please visit http://www.qtm.it/.
Source: Motorola, Inc.
CONTACT: Kristine Mulford of Motorola, Inc., +1-847-576-4506, Kristine.mulford@motorola.com
Web site: http://www.motorola.com/ http://www.qtm.it/
Company Information:
Name: Motorola, Inc.
Address: 1303 E. Algonquin Rd., 7th Flr.
City: Schaumburg
State: IL
ZIP: 60196 4041
Country: USA
Phone: 847-576-5000
http://www.motorola.com/
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