SENSIO AND SAMSUNG ELECTRONICS REACH A PATENT LICENSE AGREEMENT OVER SENSIO® S2D SWITCH
MONTREAL — February 29th, 2012 — SENSIO Technologies Inc. (SENSIO) (TSX-V: SIO), a pioneer in 3D-image processing and leader in 3D business solutions, and Samsung Electronics co., Ltd, a leading manufacturer of consumer electronics, today announced that they have reached a patent license agreement over the SENSIO® S2D Switch. As a result of this agreement, SENSIO is licensing Samsung Electronics the right to implement SENSIO® S2D Switch in its 3DTVs. The financial terms of the license agreement will remain confidential.
"After licensing other manufacturers last year, signing this agreement with Samsung Electronics constitutes another major milestone and validates our S2D Switch patent licensing strategy on which we have worked for a long time now", said Nicholas Routhier, President and CEO at SENSIO. "For us, signing a patent license agreement with the world leader of 3DTVs definitely enhances the value of our S2D Switch patent, and our overall patent portfolio, and demonstrates that leaders in the industry value our intellectual property. We expect this agreement to positively influence our on-going negotiations with other TV manufacturers who have deployed or are considering integrating our S2D switch technology."
"We value our relationship with SENSIO Technologies and respect its intellectual property", said a representative at Samsung Electronics Co. Ltd. "This agreement will allow Samsung to continue using the patented technology developed by SENSIO for the benefit of consumers who buy our 3D enabled televisions around the world."
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About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2010 consolidated sales of US$135.8 billion. Employing approximately 190,500 people in 206 offices across 68 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LCD. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world's most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com.
Founded in 1999, SENSIO Technologies Inc. (www.sensio.tv) is a pioneer in the 3D industry. Its vision, expertise and state-of-the-art solutions, based on diversified stereoscopic image-processing technologies, have been trusted by some of the biggest names in the broadcasting and consumer electronics sectors, as well as for live 3D events in cinemas, to power numerous industry firsts, initiate new business models and generate immediate revenue with a distinctive 3D offering.
SENSIO enables its clients to deliver the best possible 3D experience for the end-user through a broad portfolio of licensed products, based on quality, content, usability and compatibility. These include its flagship, award-winning technology, SENSIO® Hi-Fi 3D, the premium-quality frame-compatible format.
SENSIO's technologies are the object of patents and intellectual property protection proceedings worldwide. SENSIO is listed on the Toronto TSX Venture Exchange (SIO).
SENSIO® is a registered trademark of SENSIO Technologies Inc.
This news release contains forward-looking statements that reflect the company's expectations with regard to future events as of the date of this press release. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual events could differ significantly from those anticipated in this document.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Posted by Shane Sturgeon, February 29, 2012 8:51 PM
About Shane SturgeonShane Sturgeon is the Co-Publisher and Chief Technologist of HDTV Magazine, an industry publication with HDTV roots going back to 1984, when Dale Cripps founded The HDTV Newsletter. Today, HDTV Magazine is a leading online resource for HDTV news and information and captures the eyes and imaginations of over 3 million visitors annually. Mr. Sturgeon has a background in information technology and has served in various consulting capacities for Fortune 500 companies such as J.P. Morgan Chase, Verizon Communications, Proctor & Gamble and Nationwide Insurance. He has a Bachelor of Science in Computer Science from Wright State University.