DDD and Samsung Renew and Expand Patent Licenses
The following two Press Releases were issued today by DDD Group:
DDD and Samsung renew 3D video processing chip technology license agreement
LOS ANGELES, July 25, 2013 (GLOBE NEWSWIRE) — DDD Group plc (AIM:DDD) (OTCQX:DDDGY), the 3D solutions company, has renewed its license agreement with Samsung Electronics Co., Ltd. to include DDD’s TriDef® 2D to 3D technologies with Samsung’s 3D video processing chips that are used in Samsung Smart TVs and other Samsung 3D consumer products.
The agreement has been extended until the end of 2015, an additional two and a half years, during which time DDD will continue to earn revenue from Samsung’s use of DDD’s automatic 2D to 3D conversion technology in Samsung’s Smart TVs and other 3D products.
Chris Yewdall, Chief Executive of DDD, said: “We are pleased that Samsung will continue to power its Smart TVs with our TriDef 3D conversion solutions. Samsung has pioneered the 3D TV market since 2010 as a market leader and continues to provide diverse 3D content on Smart TV, recognizing the lack of originally made 3D content in the market. Samsung partnered with DDD Group for its TriDef technologies, which allow viewers to easily transform their existing 2D programming into 3D.”
DDD expands patent license with Samsung
LOS ANGELES, July 25, 2013 (GLOBE NEWSWIRE) — DDD Group plc (AIM: DDD; OTCQX: DDDGY), the 3D solutions company, has expanded its patent license agreement with Samsung Electronics Co., Ltd. (“Samsung”) to allow Samsung to perform 2D to 3D video conversion for content that can be presented on 3D cinema screens.
The patent license agreement allows Samsung to perform the conversion for both 3D cinema and 3D consumer devices using the comprehensive claims contained in the international patents covering 2D to 3D conversion that are owned by DDD.
Chris Yewdall, Chief Executive of DDD said:
“We are pleased to have been able to expand the scope of Samsung’s use of DDD’s patent claims. The agreement represents a further step in our planned expansion from technology development and licensing into pure patent licensing as the 3D market continues to mature.”
DDD transforms the visual experience by bringing 3D to the consumer. Its TriDef®3D solutions convert 2D to 3D automatically, and enable delivery to 3D TVs, PCs and mobile devices. Leading brands including Samsung, LG Electronics, Lenovo and Sony license these solutions. Over 30 million TriDef 3D products have been shipped by DDD’s licensees worldwide. DDD’s Yabazam! label delivers 3D everywhere with its online content portal and Smart TV apps. DDD’s shares are quoted on the London Stock Exchange’s AIM Market (AIM: DDD) and in the United States on the OTCQX® marketplace (OTCQX: DDDGY). For more information please visit www.DDD.com.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. We employ 236,000 people across 79 countries with annual sales of US$187.8 billion. To discover more, please visit www.samsung.com.