TORONTO -- May 24, 2006
- Tri-Vision International Ltd./Ltee today announced that it has licensed its United States Patent No. 5,828,402 and Canadian Patent No. 2,179,474 to a second large original equipment manufacturer (OEM) in China, representing a financial change to the Company. The names of these OEMs have not been disclosed by agreement with Tri-Vision. The V-chip licenses are valid through the expiration of the patent in 2016.
"Signing both these Chinese OEMs is very satisfying for us," stated Tri-Vision CEO Najmul Siddiqui. "While we cannot name the licensees, it is our hope that our shareholders will recognize the significant forward momentum Tri-Vision has exhibited." Presently, licenses have been awarded to almost 40-percent of those companies who had notified Tri-Vision earlier this year of their intention to acquire the US license, and work continues to complete the licensing agreements for the remaining entities.
Companies which have acquired V-chip licenses for Tri-Vision's Canadian Patent No. 2,179,474 and/or U.S. Patent No. 5,828,402 include: Sony, Hitachi, Sanyo, Philips, JVC, Matsushita, Sharp, Pioneer, Apex Digital, Samsung and LG Electronics, Funai, Orion, Toshiba, Eastech, Erae Electronics, Seiko Epson, Shenzhen KXD, Newlane, Xiamen, Konka, Optoma, Coretronic, ViewSonic, TTE, Syntax-Brillian, NEC, Akai, Chunghwa, NEC, Humax and many others.
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 any 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 ruling took effect March 15, 2006.
About 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, Andrew Corp., PCT North America and Samsung specializes in in-country equipment sales and supply, logistical support, niche product design and development, in-house and offshore manufacturing capabilities.