5th Nov 2012 07:00
5 November 2012
DDD Group PLC
DDD signs patent license agreement with Samsung
Los Angeles, California: DDD Group plc (AIM: DDD), the 3D consumer technology licensing group, has signed a patent license agreement with Samsung Electronics Company Ltd. ("Samsung") to allow Samsung to perform offline 2D to 3D video conversion.
The patent license agreement allows Samsung to perform the conversion using the comprehensive claims contained in the patents covering 2D to 3D conversion that are owned by DDD.
Chris Yewdall, Chief Executive of DDD said:
"This latest license agreement with Samsung is the first for DDD that focuses solely on licensing the intellectual property rights of our international patent library that cover key techniques for 2D to 3D conversion, encoding, decoding and 3D image rendering. The agreement represents a further step in our planned evolution from technology development and licensing into patent licensing as the 3D market continues to mature."
Enquiries
DDD Group Chris Yewdall, President & CEO Victoria Stull, Chief Financial Officer | +1 310 566-3340 |
Canaccord Genuity Simon Bridges | 0207 523 8000 |
College Hill Kay Larsen / Adrian Duffield | 0207 457 2020 |
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion. Employing approximately 206,000 people in 197 offices across 72 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world's most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com.
About DDD Group
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 and Sony license these solutions. Over 23 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). For more information please visit www.DDD.com.
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