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WiLAN and SENSIO Expand Licensing Partnership

12/01/2014
MONTREAL, CANADA and OTTAWA, CANADA--(Marketwired - Dec. 1, 2014) - SENSIO Technologies Inc. ("SENSIO") (TSX VENTURE:SIO) and WiLAN (TSX:WIN)(NASDAQ:WILN) have entered into a new multi-year licensing partnership agreement.

This new agreement builds on the previous agreement signed in 2012. The previous agreement with WiLAN resulted in certain SENSIO patents being licensed to major TV manufacturers Sony and Panasonic. The new agreement grants WiLAN all rights to license a number of additional SENSIO patents related to 3D technologies for digital displays including SENSIO®S2D Switch technology and technology related to temporal interpolation.

Net revenues generated from licensing of the patents under the new agreement will be shared between SENSIO and WiLAN. All other terms of the agreement are confidential.

"We are very happy to expand our patent licensing partnership with WiLAN", said Nicholas Routhier, President & CEO of SENSIO. "We were looking at growing our patent licensing activities, especially pursuant to the recent granting of the temporal interpolation patents. With the great relationship and positive results of our first patent licensing agreement with WiLAN, today's new agreement was the only natural conclusion to our endeavour. We are extremely positive with WiLAN's ability to maximize the value of our assets and generate value for our shareholders."

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.

http://wilan.com/news/news-releases/news-release-details/2014/WiLAN-and-SENSIO-Expand-Licensing-Partnership/default.aspx