TORONTO -- June 13, 2006
- Tri-Vision International Ltd./Ltee today announced that it has licensed its V-chip technology under United States Patent No. 5,828,402 (the '402 Patent) to the world's largest Plasma manufacturer, LG Electronics Inc. of Korea (LGE). The license covers all LGE digital receiver products produced for sale in the United States. The license is valid through the expiration of the patent in 2016.
"To have the support of one of the world's largest and fast growing electronics giants is another strong indicator that Tri-Vision is well on the road to accomplishing its goal of licensing all digital receivers sold in the USA," stated Tri-Vision C.E.O. Najmul Siddiqui. "The addition of LG to our US licensee family raises to approximately one third the percentage of digital televisions to be sold in the USA under our license. With our continuing licensing efforts we expect that eventually 100% of digital receivers in the United States will be sold under our V-chip License," Siddiqui added.
Companies which have acquired V-chip licenses for Tri-Vision's U.S. '402 Patent include: LG Electronics, Hitachi, Sharp, Pioneer, Funai, Orion, Korat Denki, World Electric, Eastech, Erae Electronics, Seiko Epson, Shenzhen KXD, Optoma, Coretronic, Akai, Chunghwa, NEC, Humax, Viewsonic, Shinco 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 on March 15, 2006.
About LG Electronics, Inc.
LG Electronics, Inc., (KSE: 06657.KS) is a leader in consumer electronics and mobile communications. The company has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world's largest producer of CDMA handsets, optical storage devices, residential air conditioners and home theater systems. With total revenue of more than US$35 billion (consolidated US$45 billion), LG Electronics is comprised of four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG Electronics Digital Display Company provides core technologies for cutting-edge digital products and is a world leader in digital display products including Plasma TV, LCD TV and Monitors, and HDTV (high-definition televisions). For more information please visit www.lge.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 Systems, 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.
To find out more about Tri-Vision International Ltd., visit our website at www.tri-vision.ca.