NEWS RELEASE TRANSMITTED BY Marketwired
FOR: SENSIO Technologies Inc.
TSX VENTURE SYMBOL: SIO
JULY 10, 2014
SENSIO(R) S2D Switch Patents Licensed to Sony by WiLAN
Marks second patent licensed under licensing partnership established between
SENSIO and WiLAN in 2012
MONTREAL, QUEBEC--(Marketwired - July 10, 2014) - SENSIO Technologies Inc.
("SENSIO") (TSX VENTURE:SIO) today announced that the license
agreement between Wi-LAN Inc. and some of its subsidiaries (together
"WiLAN") and Sony Corporation ("Sony"), announced by WiLAN
earlier today, includes rights granted to Sony under SENSIO's patents
covering its SENSIO(R)S2D Switch ("S2D Switch") technology.
"The Sony agreement marks the second license granted by WiLAN under our
partnership", said Nicholas Routhier, President and CEO of SENSIO.
"It has now been almost two years since we signed our agreement with WiLAN
and considering the timescale of a typical patent licence sales cycle, the
timing of this announcement with Sony is in line with our expectations. After
an early agreement with Panasonic in 2013, we are glad to see that Sony,
another major player in the industry, has decided to take a license to our S2D
Switch technology, and we are optimistic about more licensees joining in the
SENSIO and WiLAN entered into an agreement to partner on licensing activities
in September, 2012 that granted WiLAN exclusive rights to license certain
SENSIO patents relating to 3D technologies including patents related to
SENSIO's S2D Switch technology. Subject to certain terms of that
agreement, net revenues generated from licensing the SENSIO patents are to be
shared by SENSIO and WiLAN.
The proprietary SENSIO(R) S2D Switch, which is protected by US and
international patents, enables users to switch viewing mode of a 3D video feed
from 3D to 2D. It supports the most popular frame-compatible formats covered by
HDMI 1.4a, and used by service providers supporting 3D today including
side-by-side (SbS), top-and-bottom (TaB).
About SENSIO Technologies Inc. (SENSIO):
SENSIO Technologies Inc. (www.sensio.tv) has been leading the floor in bringing
3D video to the consumer since 1999. 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 media and entertainment
industries 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 products, including its flagship,
award-winning technology, SENSIO(R) Hi-Fi 3D. Through SENSIO solutions,
consumers can access - with effortless interaction and complete peace of mind -
3D content of superior quality to common frame-compatible formats distributed
over existing infrastructure (cable, satellite or over IP) and displayed using
any existing digital equipment (cinema, home cinema, TV, game consoles or PC).
SENSIO is listed on the Toronto TSX Venture Exchange.
SENSIO(R) is a registered trademark of SENSIO Technologies Inc.
Caution Concerning Forward-Looking Statements
Certain statements made in this press release that are not historical facts are
forward-looking statements and are subject to important risks, uncertainties
and assumptions, both general and specific, which give rise to the possibility
that actual results or events could differ materially from our expectations
expressed in or implied by such forward-looking statements... As a result, we
cannot guarantee that any forward-looking statement will materialize and
readers are cautioned not to place undue reliance on these forward looking
statements. For more exhaustive information on these risks and uncertainties,
the reader should refer to the risk factors described in the management's
discussion and analysis of SENSIO for the quarter ended February 28, 2014. The
forward-looking statements contained in this press release represent our
expectations as of the date hereof. We disclaim any intention and assume no
obligation to update or revise any forward-looking statements. Forward-looking
statements are presented for the purpose of providing information about
management's current expectations and plans and allowing investors and
others to obtain a better understanding of our anticipated operating
environment. Readers are cautioned that such information may not be appropriate
for other purposes.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
President & CEO
INDUSTRY: Computers and Software - Software, Media and Entertainment -
Movies/Music Videos, Media and Entertainment - Television
-0- Jul/10/2014 16:01 GMT
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