Panasonic signing.... clarified by cabbiejbj on yahoo
posted on
May 08, 2013 10:13AM
Intellectual Licenses for Electronics & Communications
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First patent license signed less than one year after licensing partnership
established between SENSIO and WiLAN MONTREAL, QUEBEC, May 08, 2013 (Marketwired via COMTEX) -- SENSIO Technologies Inc. ("SENSIO") /quotes/zigman/419970 CA:SIO +5.88% 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(R) 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(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). |