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Samsung chip technology license extension

25th Jul 2013 07:00

RNS Number : 0864K
DDD Group PLC
25 July 2013
 



25 July 2013

 

DDD Group PLC

 

DDD and Samsung renew 3D video processing chip technology license agreement

 

Los Angeles, California: 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 TriDefTM 2D to 3D technologies with Samsung's 3D video processing chips that are used in SamsungSmart 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 haspioneered 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market since 2010 as a market leader and continues to provide diverse 3D content on Smart TV, recognizing the lack of originally made 3D content in the market.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 has also expanded its patent license agreement with Samsung - see separately release

 

Enquiries

 

DDD Group

Chris Yewdall, President & CEO

Victoria Stull, Chief Financial Officer

 

+1 310 566 3340

Peel Hunt LLP (U.K. NOMAD/Broker)

Richard Kauffer / Daniel Harris

 

+44 (0) 207 418 8900

College Hill (U.K. IR)

Kay Larsen / Adrian Duffield

 

+44 (0) 207 457 2020

 

Berns & Berns (U.S. PAL)

Michael Berns, Esq.

+1 212 332 3320

 

 

About DDD

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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