DDD and Samsung renew 3D video processing chip technology license agreement
LOS ANGELES, July 25, 2013 (GLOBE NEWSWIRE) -- DDD Group plc (AIM:DDD)
(OTCQX:DDDGY), the 3D solutions company, has renewed its license agreement
with Samsung Electronics Co., Ltd. to include DDD's TriDef® 2D to 3D
technologies with Samsung's 3D video processing chips that are used in Samsung
Smart TVs and other Samsung 3D consumer products.
The agreement has been extended until the end of 2015, an additional two and a
half years, during which time DDD will continue to earn revenue from Samsung's
use of DDD's automatic 2D to 3D conversion technology in Samsung's Smart TVs
and other 3D products.
Chris Yewdall, Chief Executive of DDD, said: "We are pleased that Samsung will
continue to power its Smart TVs with our TriDef 3D conversion solutions.
Samsung has pioneered the 3D TV market since 2010 as a market leader and
continues to provide diverse 3D content on Smart TV, recognizing the lack of
originally made 3D content in the market. Samsung partnered with DDD Group for
its TriDef technologies, which allow viewers to easily transform their
existing 2D programming into 3D."
DDD has also expanded its patent license agreement with Samsung – see separate
DDD transforms the visual experience by bringing 3D to the consumer. Its
TriDef®3D solutions convert 2D to 3D automatically, and enable delivery to 3D
TVs, PCs and mobile devices. Leading brands including Samsung, LG Electronics,
Lenovo and Sony license these solutions. Over 30 million TriDef 3D products
have been shipped by DDD's licensees worldwide. DDD's Yabazam! label delivers
3D everywhere with its online content portal and Smart TV apps. DDD's shares
are quoted on the London Stock Exchange's AIM Market (AIM:DDD) and in the
United States on the OTCQX® marketplace (OTCQX:DDDGY). For more information
please visit www.DDD.com.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new
possibilities for people everywhere. Through relentless innovation and
discovery, we are transforming the worlds of televisions, smartphones,
personal computers, printers, cameras, home appliances, LTE systems, medical
devices, semiconductors and LED solutions. We employ 236,000 people across 79
countries with annual sales of US$187.8 billion. To discover more, please
CONTACT: Michelle LaPaglia
310 566 3346
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