While HD VMD has experienced limited success in India and parts of Europe, the format has yet to break into the US market. NME aims to change that. The company has announced plans to introduce a number of HD VMD compatible products including media players, PC drives and software for both the Mac and PC.
HD VMD video supports MPEG-2 codec, VC-1 codec and H.264 codec, HD VMD audio supports Dolby Digital codec, DTS codec and PCM codec. HD VMD is a true high definition format with 1920 x 1080i/p resolution, up to 40 Mbps data transfer rates, Video Up-Conversion for SD DVD, AES encryption and all region codes. Furthermore HD VMD will also support a number of open source Video codecs in the future.

"The first products will be available in the World's markets, including the US, very shortly", commented NME CEO Mahesh Jayanarayan. He added, "With HD Media Format quietly adopted by Content providers and Distributors in 12 regions of the World, in US, Japan, China, India, Russia, France, Germany, Scandinavia ,Central Europe, Brazil, Iceland and Middle East, HD VMD Media Format and products will become a universal media format and standard worldwide".
While its good to see NME making an effort to get HD VMD into more markets, they're really going to need support from a few major movie studios if they want it to work. If you'd like to read more, NME's entire press release can be found here.