HTC announces partnership and strategic investment with OnLive
Taoyuan, Taiwan - Feb 8, 2011 – HTC, a global leader in mobile innovation and design, today announced it was partnering with OnLive, Inc., the pioneer of on-demand, instant-play video games. HTC also announced it was investing $40 million in OnLive, Inc.
"In a world of mobile Internet ubiquity, content is king but it's not all created equal. OnLive provides a connected cloud-based gaming experience unlike any other," said Peter Chou, CEO of HTC Corporation. "HTC and OnLive share a similar goal for expanding connected cloud-based gaming by making it wireless and location-independent."
"Video games are the most popular mobile app category, despite the relatively limited performance of mobile devices. OnLive's cloud gaming technology will turbo-charge HTC mobile devices with directly playable console-class video game performance," said Steve Perlman, OnLive Founder and CEO. "OnLive is delighted to partner with HTC to open up this entirely new frontier in mobile gaming."
OnLive is the pioneer of on-demand, instant-play video game services, delivering real-time interactive experiences and rich media through the Internet. With groundbreaking video compression technology, OnLive harnesses cloud computing to provide the power and intelligence needed to instantly deliver the latest, premium game titles to any HDTV via the OnLive Game System or nearly any PC and Mac via a small browser download. The OnLive Viewer app is available for the iPad and is coming soon for Android tablets. OnLive technology is backed by hundreds of patents and patents pending. The company is headquartered in Palo Alto, California. OnLive investors include Warner Bros., Autodesk, Maverick Capital, AT&T, British Telecommunications (BT) and The Belgacom Group. More information is available at www.onlive.com.
HTC Corporation (HTC) is one of the fastest growing companies in the mobile phone industry and continues to pioneer industry-leading mobile experiences through design, usability and innovation that are sparked by how the mobile phone can improve how people live and communicate. The company is listed on the Taiwan Stock Exchange under ticker 2498. For more information about HTC, please visit www.htc.com