SENSIO and VIZIO Sign Agreement for Integration of SENSIO(R) 3D Format Decoder Into VIZIO 3D HDTVS
MONTREAL, QUEBEC — 01/05/10 — SENSIO Technologies Inc. ("SENSIO") (TSX VENTURE: SIO) announced today that they have been selected by VIZIO Inc. ("VIZIO"), America`s #1 LCD HDTV Company, to incorporate SENSIO`s decoder, the S3D Core, into its new line of Full HD3D TVs.
SENSIO is pleased to work with such a major manufacturer of televisions. VIZIO has a far-reaching distribution channel and plans to deliver a significant number of Full HD3D TVs into the market beginning in the second half of 2010.
"This announcement heralds the delivery of affordable Full HD3D TVs into the market and represents yet another major milestone for SENSIO. Working closely with VIZIO, 2010 will see the creation of a substantial install-base of consumers ready to watch 3D movies, live concerts, and sporting events from the comfort of their home," states Nicholas Routhier, President and Chief Executive Officer at SENSIO.
"The conclusion of this significant agreement with a Tier One television manufacturer illustrates that our technology answers the needs of manufacturers and adds value to their product. It confirms our licensing business model," adds Nicholas Routhier.
"As studios and publishers begin to expand the availability of their content in 3D, we felt the time was right to incorporate 3D technology into our HDTVs for 2010," said Matthew McRae, VP of Products at VIZIO. "Of all the 3D technologies currently available on the market, only SENSIO`s met our exacting needs for a format that delivers true 1080p HD picture quality to compliment our high performance line of HDTVs. SENSIO® 3D`s performance, and the IP portfolio that supports it, is truly impressive, and we are pleased to collaborate with an experienced team that made the integration process simple."
About SENSIO Technologies Inc.:
SENSIO Technologies Inc. (TSX VENTURE: SIO) – With its significant expertise in the field of 3D video, SENSIO develops and markets Stereoscopic 3D digital compression, decompression and display formatting technologies. Its solutions are deployed on a global scale by content creators, games developers, broadcasters, specialty channels, and digital cinemas, allowing customers to generate substantial additional value-added revenue streams. Its flagship technology, SENSIO® 3D, allows the high-quality distribution of 3D content through conventional existing 2D Broadcast channels networks (cable, satellite and/or IPTV) and playback on any 3D display device, including plasma TVs, LED/LCD HDTV`s, PC and glass-free 3D displays, as well as home theater and digital cinema projectors. A true multi-platform format, SENSIO®3D is compatible with existing standard DVD and Blu-ray players as well as game consoles including Xbox® and Playstation® 3 and is the format of choice for the creation of high profile 3D gaming experiences. SENSIO is listed on the Toronto TSX Venture Exchange. For more information, please visit http://www.sensio.tv – We.Deliver.3D.Today.(TM)
SENSIO® is a registered trademark of SENSIO Technologies Inc.
Xbox® is a registered trademark of Microsoft Corporation.
Playstation® 3 is a registered trademark of SONY Corporation
We.Deliver.3D.Today. is a trademark of SENSIO Technologies Inc.
This news release contains forward-looking statements that reflect the Company`s expectations with regard to future events. Actual events could differ significantly from those anticipated in this document.
"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."
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