MONTREAL, QUEBEC--(Marketwired - Jan. 8, 2014) - SENSIO Technologies Inc. ("SENSIO") (TSX VENTURE:SIO)(OTC:SNIOF) announced today that the Japan Patent Office has issued patent no. 5421821, relating to a method to increase the 3D frame rate of a frame-compatible format in order to eliminate flicker while providing smooth playback on active 3D devices such as 3DTVs. This new patent, added to a similar Chinese patent granted in April 2013, brings SENSIO's portfolio to 15 issued patents and 21 pending in 13 different patent families.
Frame rate conversion is a technique typically used to increase the frame rate of a video program in order to create a more fluid and smooth playback. Movies which are usually shot at 24 frames per second (fps or Hz) can be converted to higher frame rates such as 60fps or even 120fps before being displayed on HDTVs. Since the filing of this patent application, 2D frame rate conversion has become a widely available feature with the rising popularity of higher frame rate televisions (i.e. 120Hz and 240Hz). The method to which this patent is related allows to leverage the power of frame rate conversion to provide flicker-free smooth playback in 3D.
"In 2002, long before frame rate converters became widespread in 2D television sets, we had envisioned that such technology could be used to improve the 3D viewing experience of active technology based 3D systems," said Nicholas Routhier, President & CEO of SENSIO. "This new patent is an example of SENSIO's development strategy. For over a decade, we have been developing technologies and building a strong portfolio of IP which is reflected in today's announcement. This patent is also the second issued in Japan in 2013 which shows our commitment and ability to protect our intellectual property in the Japanese market."
New patent licensing program considered
With the issuance of this patent and considering current developments with the USPTO, SENSIO is also exploring the possibility of creating a new patent licensing program for 3D frame rate conversion. The purpose of this second patent licensing program, which would be managed either internally or externally, would be to license the aforementioned frame rate conversion-related method to 3DTV set manufacturers and other device manufacturers using active based systems (i.e. electronic shutter glass). SENSIO is currently evaluating the enforceability, market size and revenue potential of this new patent licensing program.
"Patent licensing activities have generated significant revenues for SENSIO in the last two years," mentioned M. Routhier. "As previously pending patents are gradually becoming granted worldwide, it is now time to evaluate our options in terms of monetizing our portfolio and accelerate our revenue growth. Patent licensing is expected to become an important part of our revenue mix and of our growth strategy in the coming quarters."
For further information on SENSIO and its technologies, please visit www.sensio.tv
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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® 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® 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 August 31, 2013. 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.