-VIZIO resolves ongoing Patent Disputes with SONY
Irvine, CA, -- October 28, 2009 – VIZIO announced that Sony Corporation has become a licensee under VIZIO’s patent portfolio. VIZIO, a leader in the American LCD HDTV market, owns a substantial worldwide patent portfolio directed to digital television technology.
“We are pleased with the result of our patent licensing efforts. It further demonstrates the technical strength and value of VIZIO’s patent portfolio,” said Rob Brinkman, VIZIO V.P. of Operations and Administration.
VIZIO continues to expand its intellectual property including the development of new technologies that will be implemented in VIZIO’s products available later this year and beyond. "We are excited about the new line of VIZIO HDTV's which will have technically advanced features. We are committed to providing the best HDTV experience possible to our customers," Brinkman added.
VIZIO also announced that it has successfully resolved its ongoing patent disputes with Sony, and that VIZIO now is a licensee under Sony's color television patent portfolio. "Having successfully resolved the disputes, we shall continue to aggressively protect our rights and actively expand VIZIO’s licensing program. As an owner of patent rights and as a licensee of legitimate patent right held by others, VIZIO respects intellectual property and we expect our competitors to do the same," added Mr. Brinkman.
VIZIO, Inc., "Where Vision Meets Value," headquartered in Irvine, California, is America’s HDTV Company and Consumer Electronics Company. In 2007, VIZIO skyrocketed to the top by becoming the #1 selling brand of flat panel HDTVs in North America and became the first American brand in over a decade to lead major categories in U.S. TV sales. Since 2007 VIZIO HDTV shipments remain in the TOP ranks in the U.S. and are again #1 in Q1, 2009 with over 20% market share. VIZIO is committed to bringing feature-rich flat panel televisions to market at a value through practical innovation. VIZIO offers a broad range of award winning LCD HDTVs including the new XVT series. VIZIO’s products are found at Costco Wholesale, Sam's Club, Sears, Walmart, Target, BJ's Wholesale, and other retailers nationwide along with authorized online partners. VIZIO has won numerous awards including a #1 ranking in the Inc. 500 for Top Companies in Computers and Electronics, Good Housekeeping's Best Big-Screens, CNET's Top 10 Holiday Gifts and PC World's Best Buy among others. For more information, please call 888-VIZIOCE or visit on the web at www.VIZIO.com.
The V, VIZIO, XVT, TruLED, 240Hz SPS, Thin Line, Smooth Motion, JAVA, Where Vision Meets Value names, phrase and symbols are trademarks or registered trademarks of VIZIO, Inc. All other trademarks may be the property of their respective holders.
Source: VIZIO, Inc.
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