MONTREAL, QUEBEC — (Marketwired) — 05/08/13 — SENSIO Technologies Inc. (“SENSIO”) (TSX VENTURE: SIO) today announced that the recent license agreement between Wi-LAN Inc. and some of its subsidiaries (together “WiLAN”) and Panasonic Corporation (“Panasonic”), announced by WiLAN on May 6, 2013, included rights granted to Panasonic under SENSIO-s patents covering its SENSIO® S2D Switch (“S2D Switch”) technology.
“The Panasonic agreement is the first license granted by WiLAN under our partnership”, said Nicholas Routhier, President & CEO, SENSIO. “Having a license agreement signed so soon after entering into the partnership leaves us optimistic about the pace at which licensing activity is being undertaken by WiLAN. We are also very pleased that Panasonic, a pioneer in the 3D television market, has decided to take a license to our S2D Switch technology, and look forward to other TV vendors also recognizing the value of our technology and joining Panasonic as fellow licensees.”
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® 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. () 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® 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® 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. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, 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, 2013. 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.
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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.
Contacts:
SENSIO
Nicholas Routhier
President & CEO
+1 514-846-2022
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