WiLAN becomes exclusive licensor for additional patented SENSIO 3D technologies namely related to Temporal Interpolation
Montreal, Canada and Ottawa, Canada – December 1, 2014 – SENSIO Technologies Inc. (“SENSIO”) (TSX.V:SIO) and WiLAN (TSX:WIN) (NASD:WILN) have entered into a new multi-year licensing partnership agreement.
This new agreement builds on the previous agreement signed in 2012. The previous agreement with WiLAN resulted in certain SENSIO patents being licensed to major TV manufacturers Sony and Panasonic. The new agreement grants WiLAN all rights to license a number of additional SENSIO patents related to 3D technologies for digital displays including SENSIO®S2D Switch technology and technology related to temporal interpolation.
Net revenues generated from licensing of the patents under the new agreement will be shared between SENSIO and WiLAN. All other terms of the agreement are confidential.
“We are very happy to expand our patent licensing partnership with WiLAN”, said Nicholas Routhier, President & CEO of SENSIO. “We were looking at growing our patent licensing activities, especially pursuant to the recent granting of the temporal interpolation patents. With the great relationship and positive results of our first patent licensing agreement with WiLAN, today’s new agreement was the only natural conclusion to our endeavour. We are extremely positive with WiLAN’s ability to maximize the value of our assets and generate value for our shareholders.”
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® 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.
WiLAN is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. The Company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. WiLAN’s wholly-owned subsidiary, WiLAN Labs, develops and commercializes innovative solutions to the challenges facing next generation communication networks. Founded in 1992, WiLAN is listed on the TSX and NASDAQ and is included in the S&P/TSX Dividend and Dividend Aristocrats Indexes. For more information: www.wilan.com.
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 August 31, 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.
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