Smith Micro Receives Fifth Patent for Adaptive Mobile Video Streaming
Company's Video Delivery Platform Adapts to Network Bandwidth Capacity in Real-Time, Providing Best Possible User Experience for Watching Video Over Wireless Networks
Smith Micro Software, Inc. (NASDAQ: SMSI), a leading provider of wireless and mobility solutions, today announced a fifth patent application for adaptive mobile video streaming has been approved by the United States Patent and Trademark Office. The patented technology used in the company's VIDIO™ platform solves problems of slow, expensive methods of traditional streaming over wireless networks that can degrade video quality or limit the reach of video content. By dynamically adjusting the bit rate of streaming video based on current network capacity, wireless network operators and others providing mobile video content can ensure the best possible user experience to the broadest possible audience.
According to Cisco's Visual Networking Index Forecast, video is estimated to comprise 71 percent of all mobile data traffic by 2016. In addition to consumer demand for mobile video from sites like YouTube and services like Netflix, there is a growing trend to push video content to consumers in the form of advertising or "freemium" content that leads to new, revenue-generating mobile services. For example, some wireless network providers are utilizing video to engage consumers in large, public venues such as sports stadiums where they have deployed Wi-Fi. In these highly-trafficked locations, the types of mobile devices used by consumers can vary widely, and the availability of bandwidth can change on a minute-by-minute basis. Without adaptive video streaming capability, a clogged network combined with inconsistent device support can result in a poor user experience where videos are slow to load, freeze up or can't be viewed at all.
"Our VIDIO platform can address countless mobile video use cases, from hospitality to public safety to field services, but it is especially useful in large venues like sporting events, where sudden peaks in demand for bandwidth can cause network bottlenecks," said Doug Jones, director of product management at Smith Micro. "Imagine the impact of hundreds of thousands of people attending the FIFA World Cup events in Brazil, or the upcoming Olympics in Russia, all trying to access an instant replay or video profile of their favorite athlete simultaneously. Without adaptive video streaming, the consumer experience will be spotty at best."
"As long time leaders in mobile connectivity, we have a broad portfolio of solutions that help wireless service providers deliver the best possible user experience over 3G, 4G and Wi-Fi networks," said David Sperling, CTO at Smith Micro. "The VIDIO platform is a great complement to our NetWise solution, allowing service providers to control data traffic based on network availability and performance metrics so they can capitalize on the growing demand for mobile video."
"Demand for mobile video is exploding, however delivering a good user experience via traditional video streaming methods is becoming increasingly challenging. Smith Micro's VIDIO platform solves this challenge, which is one key reason we named them in our 'Hot Vendor in Mobile 2013 report,'" said Jim Lundy, CEO, Aragon Research. "Adaptive video streaming not only allows network operators to provide the best user experience, but it also opens up new revenue generating opportunities, and Smith Micro is showing strong technical leadership in this area."
About VIDIO VIDIO (US Patent Numbers: 8,565,302; 8,345,746; 8,295,345; 8,279,925 and 8,271,676) 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. Featured as a "cutting-edge product" by Aragon Research, VIDIO provides value across a range of industries including hospitality, education, public safety and entertainment.
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, NetWise, 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.