Toshiba Licenses TiVo Technology For Use In Next-Generation Consumer Electronics Products

2-Dec-02

Toshiba America Consumer Products Inc. announced its license agreement with TiVoÆ Inc. (NASDAQ: TIVO), the creator and leader of television services for digital video recording. Toshiba's selection of TiVo will lead to products that will be available to consumers for the 2003 holiday buying season. ""We are very excited to offer TiVo to consumers and incorporate this innovative technology into our future product lines,"" said Mr. Toru Uchiike, President of Toshiba America Consumer Products, Inc. ""We view DVR as a central component to the next-generation of digital consumer products. With the sophisticated, user-friendly navigation interface, TiVo is the DVR solution of choice. Toshiba views this agreement as an opportunity to develop solutions that support our vision and capitalize on the combined strength of the Toshiba and TiVo brands."" ""Toshiba, one of the world's largest consumer electronics companies, has always been a driving force in spurring widespread adoption for innovative new products and brand new product categories,"" said Mike Ramsay, TiVo's CEO. ""TiVo is the most widely licensed DVR platform today and the technology licensing agreement with Toshiba is critical to our goal of creating an open standards platform that will spur exciting new products for consumers and mass deployment of DVR technology.""For more information about TiVo, visit www.tivo.com. For more information about Toshiba America Consumer Products, Inc., visit www.toshiba.com/tacp.

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