TORONTO -- May 15, 2006
- Tri-Vision International Ltd./Ltee today announced that it has licensed its V-chip technology under United States Patent No. 5,828,402 to Humax Co. Ltd. of Korea. The license is valid through the expiration of the patent in 2016.
"We are delighted to award a U.S. license to one of the world's leading digital satellite set-top box manufacturers," said Tri-Vision CEO Najmul Siddiqui. "Humax is exporting an extensive array of diversified digital television products and will play an important role in North America's transition to digital television."
The Humax licensing agreement resulted from negotiations, similar to those that are currently ongoing with the some 20 other companies who have expressed their intent to acquire Tri-Vision's U.S. V-chip license. As part of the transition to a digital television broadcast system in the United States, the Federal Communications Commission (FCC) has mandated new rules to ensure that the V-chip can respond to rating system changes in all digital television receiver products. Tri-Vision's open V-chip (also known as V-chip 2.0) is the only known, patented technology capable of accepting modified or new rating systems. The FCC rules took effect March 15, 2006.
Companies which have acquired V-chip licenses for Tri-Vision's Canadian Patent No. 2,179,474 and/or U.S. Patent 5,828,402 include: Sony, Hitachi, Sanyo, Philips, JVC, Matsushita, Sharp, Pioneer, Apex Digital, Samsung, LG Electronics, Funai, Orion, Toshiba, Eastech, Erae Electronics, Seiko Epson, Shenzhen KXD, Newlane, Xiamen, Konka, Optoma, Coretronic, TTE, Syntax- Brillian, Akai, Chunghwa, NEC, Viewsonic and many others.
Founded in 1989, HUMAX Co. Ltd of Korea is one of the world's leading digital satellite set-top box manufacturers, exporting its products to more than 90 countries around the globe. Listed on the Korean stock exchange (KOSDAQ), the company's international headquarters and research and design facilities are based in Korea with offices in Australia, Germany, India, Italy, Japan, the U.K. and the U.S.A. Humax production facilities are located in Korea, India, China and Poland. HUMAX recorded consolidated revenue of US$470 million in 2004, and has projected consolidated revenue of over US$600 million in 2005. For additional information please visit www.humaxusa.com.
Tri-Vision International Ltd/Ltee
Tri-Vision International Ltd/Ltee is a public company founded in 1986. Shares of the Company trade on Canada's Toronto Stock Exchange (TSX) under the symbol TVL. Tri-Vision operates two wholly-owned subsidiaries: Tri-Vision Electronics Inc. and Think Broadband Solutions Inc.
Tri-Vision Electronics Inc. - Owns the sole rights to U.S. V-chip Patent No. 5,828,402 and Canadian V-chip Patent No. 2,179,474 and licenses V-chip globally. This subsidiary also markets Data Video Distribution System, Secure Pay TV, Addressable Pay TV (pay per view), Hotel Pay TV and Cable TV equipment worldwide.
Think Broadband Solutions Inc. - Authorized Canadian Distributor to Canada's broadband industry for Scientific Atlanta, PCT North America, Andrew Corp. and Samsung specializes in in-country equipment sales and supply, logistical support, niche product design and development, in-house and offshore manufacturing capabilities