MONTREAL, QUEBEC--(Marketwire - Feb. 29, 2012) - SENSIO Technologies Inc. (SENSIO) (TSX VENTURE: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(R) S2D Switch. As a result of this agreement, SENSIO is licensing Samsung Electronics the right to implement SENSIO(R) 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."
The proprietary SENSIO(R) S2D Switch, which is protected by US and international patents, enables users to switch viewing mode of a 3D feed from 3D to 2D or between different 3D view modes. It supports the most popular frame-compatible formats covered by HDMI 1.4a, and is used by service providers supporting 3D today: side-by-side (SbS), top-and-bottom (TaB), checkerboard and SENSIO(R) Hi-Fi 3D.
For further information:
SENSIO and its technologies at
www.sensio.tv
Samsung and its products at
www.samsung.com
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
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https://www.digitaljournal.com/pr/604241#ixzz1nmLAH1nJ