Philips, Sun to further MPEG-4

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Building on an existing relationship in MPEG-4 efforts, Royal Philips Electronics and Sun Microsystems have agreed to further facilitate development of streaming multimedia for emerging broadband media, VOD and mobile wireless markets. Under the non-binding agreement, the companies will work on an end-to-end reference solution for broadband media, based on open ISO-standard MPEG-4 technology.