Global Trading Giant to Develop Rights|System DRM Product for Video-on-Demand
SANTA CLARA, Calif., March 19 /PRNewswire-FirstCall/ -- InterTrust Technologies Corporation , the leading provider of patented trusted computing technology, and Mitsubishi Corporation today announced that Mitsubishi has licensed InterTrust Rights|System(TM) products for use in Video on Demand (VOD) applications in Japan. Mitsubishi Corporation is a long-term InterTrust core partner providing InterTrust DRM-based offerings to the Japanese market. Mitsubishi's adoption of Rights|System reflects Mitsubishi's continued support for its business and technology relationship with InterTrust.
As part of the new arrangement, Mitsubishi has purchased a new product license to InterTrust Rights|System server products, and to packaging and rendering technologies for PC-based digital video DRM. This includes InterTrust's Rights|Video(TM) client components that are capable of protecting and managing advanced open media formats, such as MPEG-4.
``Mitsubishi is pleased to license Rights|System from InterTrust,'' said Jun Fujiwara, Manager, DRM Field, eCommerce Unit at Mitsubishi Corporation. ``We look forward to working with our partners to build a trusted VOD distribution network that uses Rights|System DRM.''
Built from InterTrust's broad body of inventive work in trusted computing, Rights|System platform supports a variety of client types across devices with a single data-center architecture. In addition to PC environments, Rights|System clients are available for mobile platforms, consumer electronics and set top box and PVR/DVR environments. Rights|System supports a variety of rendering formats, including MPEG-4, mp3 and mp3pro, and can be readily implemented for DSL, satellite and cable based VOD systems.
``Mitsubishi is a forward-thinking strategic partner and we're enthusiastic about working with them to extend the VOD market in Japan,'' said Talal Shamoon, EVP Business Development at InterTrust. ``We are pleased to provide core technology that can enable Mitsubishi and its VOD partners to develop this market.''
About InterTrust Technologies Corporation
Over the past twelve years, InterTrust has invented and defined key elements of trusted computing technologies, particularly in the areas of Digital Rights Management, distributed security, and e-commerce automation. InterTrust's licensees and partners include AOL/TimeWarner, Cirrus, Compaq, Digital World Services, Mitsubishi, Nokia, Samsung, Sanyo, Texas Instruments, Universal Music Group, and Wave Systems. InterTrust's pioneering role in trusted computing is underscored by 22 U.S. patents and nearly 90 additional patents pending worldwide.
About Mitsubishi Corporation
Mitsubishi Corporation is one of the world 's most diverse enterprises. Mitsubishi Corporation has decades of experience doing business around the world, experience that has made it more than just a leader in international trade. The company 's seven business groups -- New Business Initiatives, IT & Electronics, Energy, Metals, Machinery, Chemicals and Living Essentials -- work closely with clients to develop new business opportunities. Project coordination, sourcing of raw materials, capital investment, and development of sales channels are typical of the ways Mitsubishi Corporation creates value for business partners, customers and shareholders. Through .Commerce (``dot commerce''), Mitsubishi Corporation 's new business model, the company is now seeking to create even more value for all stakeholders. It is leveraging its competitive advantages in the so-called Old Economy to lift commerce to a new level. This involves integrating strengths of the New Economy, or online economy, into Old Economy business models, and vice versa.
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding InterTrust's expectations, beliefs, hopes, intentions or strategies regarding the future.
All forward-looking statements included in this document are based upon information available to InterTrust as of the date hereof, and InterTrust assumes no obligation to update any such forward-looking statement. Actual results could differ materially from current expectations.
Factors that could cause or contribute to such differences include, but are not limited to, the factors and risks discussed in InterTrust's reports filed from time to time with the Securities and Exchange Commission. The statements in this release regarding InterTrust's patents are intended for purposes of illustration only, and are not meant to cover or describe all possible applications, variations, or interpretations of the patented inventions. Nothing contained in this release is intended for use in construing the scope, content, or meaning of any patent's claims, specification, or prosecution history, or of any other patent-related materials.
NOTE: InterTrust, the InterTrust logo, MetaTrust, and The MetaTrust Utility are registered trademarks of InterTrust Technologies Corporation, all of which may or may not be used in certain jurisdictions. All other brand or product names are trademarks or registered trademarks of their respective companies or organizations.