SENSIO Technologies Inc.

SENSIO Technologies Inc.

September 27, 2007 11:49 ET

SENSIO Unveils its Results for Fiscal Year 2006-2007

MONTREAL, QUEBEC--(Marketwire - Sept. 27, 2007) - SENSIO Technologies Inc. ("SENSIO") (TSX VENTURE:SIO), the inventor of the SENSIO® 3D technology, announces its financial results for the fiscal year ended May 31, 2007. "The fiscal year which ended on May 31, 2007 allowed SENSIO to position itself globally as a major player in the 3D industry. Given the rampant evolution of this industry, it is crucial that we take the lead and impose our technological standard. This is why all our efforts are focused on the marketing of our company and products, whether it is the SENSIO chip or SENSIO 3D Live!", commented Nicholas Routhier, president and CEO.


- Signature of an agreement for the integration of the JVC (Victor Company of Japan) real-time 2D to 3D conversion technology along with the SENSIO technology, thereby enhancing its available content offering.

- Development of the SENSIO 3D real-time encoding platform for the broadcast of live 3D events.

- Orders for the first development kits for the SENSIO 3D chip by major electronic manufacturers for the integration of the technology.

- Upgrading of the company's operational structure to sustain its growth plan.

Summary of financial results for 2006-2007

SENSIO's revenues for 2007 amounted to $237,766 versus $166,134 for the six-month period ended May 31, 2006. Losses in 2007 totaled $2,328,084 or $0.0951 per share, which reflects the major efforts undertaken to favorably position the company within the emerging 3D television industry. The focus for the year was on the marketing of SENSIO and its products, as shown by the increase in sales expenses, which rose from $81,838 as at May 31, 2006 to $881,594 in 2007. Management specifically focused on enhancing visibility on Asian and US markets, which allowed the company to earn an enviable position with manufacturers for the future integration of the SENSIO chip in electronic devices intended for mass consumption.

Integration of the SENSIO technology

Sensio significantly increased its research and development expenses, from $29,231 as at May 31, 2006 to $567,790 as at May 31, 2007, to allow the company to pursue the expansion of its product offering.

Furthermore, manufacturers showed an interest for the SENSIO technology and the company received its first order for a development kit in May 2007. "This order confirmed that we are passed the interest stages and that we have reached the experimental phase. Manufacturers want to gain a better understanding of our technology and they want to use it and test it" explains Nicholas Routhier. At the end of the fiscal year, five kits were sold to other clients and the signature of a letter of intent with Kerner Optical R&D for the integration of the SENSIO technology into a 3D television was announced.

While consumers will eventually be able to purchase electronic devices offering the SENSIO 3D technology, the company had to find a solution to the lack of 3D content currently available on the market. SENSIO thus integrated to its own chip, the JVC real-time 2D to 3D conversion technology. Thanks to an agreement between SENSIO and JVC, the user may, besides watching very high-quality 3D images, convert any type of 2D content into 3D, in real-time, thereby enhancing the 3D content offering and increasing chances of a successful integration of the SENSIO 3D technology.


During the past fiscal year, SENSIO also developed a platform which allows the broadcasting of live 3D events, the SENSIO 3D Live! Through this leading-edge technology, it is now possible to broadcast 3D content via the broadcaster's 2D distribution channels and equipment. This new product will be marketed in the second quarter of fiscal 2007-2008 and will allow SENSIO to tackle the digital cinema market for the presentation of real-time alternative 3D events, such as shows, sporting events and concerts.

SENSIO: investing in its growth

To sustain the company's growth plan, SENSIO focused its efforts on research and development as well as on the marketing of its products. The company therefore hired qualified staff to meet its technological and development needs. In terms of marketing, SENSIO went on a promotional offensive in order to enhance its visibility and also increased the number of trips to Asia to ensure a presence in this high-potential market.


2007-05-31 2006-05-31 2005-11-30
(12 months) (6 months) (12 months)
Sales 237,766 166,134 609,324
Gross profit 105,923 29,417 390,359
Net loss (2,328,084) (586,894) (590,893)
Net loss per share (0.0951) (0.0340) (0.0350)
Total Assets 1,805,989 2 799,825 501,410
Total liabilities 1,618,525 707,331 2,447,059


Founded in 1999, SENSIO, headquartered in Montreal, Canada, develops and markets forward-looking stereoscopic technologies designed to offer the most advanced and immersive cinematographic experience available. Its flagship technology, SENSIO®3D, allows the high-quality distribution of 3D content through conventional 2D channels and playback on any display device, including plasma TVs, HDTV and glass-free 3D displays. Working with major Hollywood studios and large format 3D film producers, SENSIO has built up one of the world's largest library of 3D movies for the home entertainment market.

SENSIO® 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.

The TSX Venture Exchange Inc. has not approved and accepts no responsibility for the authenticity or accuracy of the information contained in this news release.

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