SENSIO Technologies Inc.
TSX VENTURE : SIO

SENSIO Technologies Inc.

November 06, 2013 08:00 ET

SENSIO Obtains Key European Patents for S2D Switch Technology and Hi-Fi 3D

Collaboration with WiLAN behind first European patents granted to SENSIO

MONTREAL, QUEBEC--(Marketwired - Nov. 6, 2013) - SENSIO Technologies Inc. (SENSIO) (TSX VENTURE:SIO) announced today that the European Patent Office has issued patent EP 2083574 relating to SENSIO® S2D Switch ("S2D Switch") technology, which enables users to switch the viewing mode of a 3D video feed from 3D to 2D and vice versa. This European patent is the fourth to be granted related to S2D Switch technology which is also protected by issued patents in Japan, the United States and India. Patent applications related to S2D Switch technology have also been filed in Canada and China.

The patent rights associated with the S2D Switch technology are exclusively licensed to Wi-LAN Inc. ("WiLAN") for the purpose of granting licenses to third-parties. In addition, as part of the patent collaboration between SENSIO and WiLAN announced on September 17, 2012, WiLAN assists SENSIO with the prosecution of patent applications associated with the S2D Switch technology in various patent jurisdictions around the world. The granting of this European Patent and the Japanese Patent announced on May 1, 2013 are the direct result of the collaborative work between SENSIO and WiLAN.

"Europe is a very large market for 3DTVs, and in our view, today's announcement significantly increases the revenue potential of the S2D Switch program with existing and future licensees," said Nicholas Routhier, President & CEO of SENSIO. "This is the first patent that we have obtained in Europe, another key territory in SENSIO's IP strategy. This not only proves our commitment to obtaining global coverage for our intellectual property but also our ability to protect it in key regions of the world. WiLAN is an invaluable partner in these efforts and we are very pleased with the outcome of this second patent prosecution."

NEW SENSIO Hi-Fi 3D RELATED PATENT

In addition to the S2D Switch patent, the European Patent Office also issued to SENSIO on the same day patent EP 2211557 which relates to the SENSIO® Hi-Fi 3D format. This patent covers the use of complementary mosaics in merged frame formats as suggested by standards put forth by the Moving Picture Experts Group (MPEG) and the Society of Motion Picture and Television Engineers (SMPTE).

"With this new patent, we reassert and further protect the ownership of our proprietary SENSIO® Hi-Fi 3D format in the European market," said Mr. Routhier. "With claims that go beyond the SENSIO Hi-Fi 3D format, this patent further strengthens SENSIO's IP portfolio in the field of 3D video compression, which opens up new monetization opportunities in the future."

For further information on SENSIO and its technologies, visit www.sensio.tv

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. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, 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, 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.

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.

About WiLAN

WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 275 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital TV receivers. WiLAN has a large and growing portfolio of more than 3,000 issued or pending patents. For more information: www.wilan.com.

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