Ulead Systems will equip its professional video editing and DVD authoring software to support the High Definition Video (HDV) format. The HDV format spec, which was established by Canon, Sharp Corporation, Sony Corporation, and Victor Company of Japan, Limited (JVC), will enable consumer and professional videographers to record and playback high-definition video on standard DV and mini DV cassette tapes. The HDV format will provide far higher video recording quality than offered by current digital video camcorders. MediaStudio Pro 7, Ulead's professional video editing software, is expected to work with the HDV format by the end of 2003. Gradually, all Ulead professional video and DVD software will support HDV.

Leveraging Ulead's leading competency in real-time MPEG editing, MediaStudio Pro is an excellent first candidate to handle HDV content seamlessly. Users will get the same convenient editing experience as they do with DV media in MediaStudio Pro's flexible workflow and broad toolset, but with the higher resolution and fidelity of HDV.