25th Jul 2013 07:00
25 July 2013
DDD Group plc
DDD expands patent license with Samsung
Los Angeles, California: 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 has also renewed its chip technology license agreement with Samsung - see separate release
Enquiries
DDD Group Chris Yewdall, President & CEO Victoria Stull, Chief Financial Officer |
+1 310 566 3340 |
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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.
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