Video on Mobile: Actimagine Raises 3M Euro From GRP Partners

Paris (ots/PRNewswire) - Actimagine, which provides the most
advanced video compression technologies, announces today that the
Company has raised EUR3 million in equity financing from US venture
capital firm GRP Partners (www.grpvc.com). This first round of
institutional fund raising will enable Actimagine to accelerate its
business development in the USA and Japan.

Actimagine licenses Mobiclip(TM), its patented power-efficient
software video codec, which delivers better video quality while
reducing power consumption. Mobiclip is a completely new technology,
and is therefore not subject to MPEG, MP3 or any other codec
licenses. Mobiclip has already been endorsed by major content studios
such as Sony Pictures Digital to deliver full-length, full-screen, 30
frames per second movies on 128MB memory cards. Leading handset
manufacturers like Nokia and Sony Ericsson have launched marketing
campaigns for new smart phones by bundling them with memory cards,
powered by Mobiclip, containing full-length blockbuster movies. With
Mobiclip, a Nokia phone with full standard batteries runs more than 7
hours of video playback without recharging.

"Mobile video becomes a market reality. We believe that improving
the user experience is a key driver to establish successful recurring
business models for mobile carriers, handset manufacturers as well as
content publishers. On mobile platform, user experience is about
valuable contents, higher quality, simpler usage and long battery
lifetime. We leverage on our expertise in video on mobile gaming
consoles and toys to provide a state-of-the-art video codec for
mobile phones. Our ambition is to become the leading video
technology," says Andre Pagnac, Actimagine CEO.

"Actimagine has developed an innovative and impressive video
technology which can help mobile operators and equipment
manufacturers to deliver a truly optimized and complete product
offering to a mobile video market that is still struggling to define
and perfect a sustainable and profitable business model." says Yves
Sisteron from GRP Partners.

In the wider consumer electronics industry, Actimagine's patented
technology has already been successfully adopted by key market
players. Nintendo Co., Ltd. has licensed Mobiclip to feature 90
minutes of animated classics such as Shrek(TM) or Pokemon(TM) on 32MB
cartridges on the Game Boy Advance, Game Boy Advance SP and the
Nintendo DS(TM). Fisher-Price uses Actimagine's power-efficient
software video codec to provide cartoons on its Pixter(R) Multi-Media
toy.

Actimagine also joined forces with Sharp Microelectronics of the
Americas to increase video performances for its ARM based portfolio
of microcontrollers. By achieving higher video performance without
requiring a higher performance processor or increasing overall power
consumption, these enhanced SoCs open new possibilities for portable
media devices.

About Actimagine

Created in March 2003 by a team of highly qualified engineers and
experienced managers, Actimagine Corp is registered in Delaware, USA
and currently headquartered in Paris, France. The company has
overseas branches in Tokyo and Singapore and plans to open its US
office in the very near future. Actimagine provides a most advanced
video codec that delivers higher quality and higher compression while
using far less CPU power than usual solution and standards.

About GRP Partners

GRP Partners is a venture capital and growth equity firm focused
on financing and helping to build companies in business & consumer
services, retail & related technology, and financial services &
related technology. GRP Partners finances early-stage and late-stage
companies that have developed solutions meeting pressing consumer and
business needs. Over the course of nearly 20 years, the GRP Partners
team has been involved with many companies that have become household
names today, such as Costco, Starbucks, PETsMART, Office Depot,
Overture Services (now part of Yahoo!),
TicketmasterOnline-CitySearch, P.F. Chang's and many others. With
offices in Los Angeles and London, GRP Partners manages approximately
$650 million on behalf of more than 150 limited partners in North
America and Europe.

All trademarks belong to their respective owners. Shrek is a
trademark from DreamWorks. Pokemon is a trademark from The Pokemon
Company. Pixter Multi-Media is a trademark of Fisher-Price Corp.

Contact
Mathilde Lorenzi
press@actimagine.com
Tel. +33-1-53-30-03-65

ots Originaltext: Actimagine
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Mathilde Lorenzi, press@actimagine.com, Tel. +33-1-53-30-03-65