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SIO

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Share Name Share Symbol Market Type
TSXV:SIO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

SENSIO(R) S2D Switch Patents Licensed to Sony by WiLAN

10/07/2014 5:01pm

Marketwired Canada


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 future."


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.


Facebook: http://www.facebook.com/SENSIO3D 

Twitter: http://twitter.com/SENSIO3D 

LinkedIn: http://www.linkedin.com/company/337733?trk=tyah 

YouTube: http://www.youtube.com/sensio3dtech

FOR FURTHER INFORMATION PLEASE CONTACT: 
SENSIO
Nicholas Routhier
President & CEO
+1 514-846-2022
nicholas.routhier@sensio.tv

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