VIZIO Licenses Digital TV Patent Portfolio to ON Corporation
IRVINE, Calif., June 6, 2012 /PRNewswire/ -- VIZIO announced that ON Corporation, which sells digital televisions in the United States under the RCA brand, has become a licensee under VIZIO's QAM patent portfolio. VIZIO, a leader in the American LCD HDTV market, owns a substantial worldwide patent portfolio directed to digital television technology. The parties have not disclosed financial terms of the agreement under which ON Corp has agreed to make royalty payments to VIZIO for sales of licensed products.
"We are pleased with the result of our patent licensing efforts. It further demonstrates the technical strength and value of VIZIO's patent portfolio," said Rob Brinkman, VIZIO Chief Administrative Officer.
The signing of the QAM License with ON Corporation also concludes actions brought against On Corp by VIZIO in the International Trade Commission and in U.S. District Court. "Having successfully resolved the disputes, we shall continue to aggressively protect our rights and actively expand VIZIO's licensing program," added Mr. Brinkman.
VIZIO, Inc., headquartered in Irvine, California, is America's #1 HDTV Company*. In 2007, VIZIO skyrocketed to the top by becoming the #1 selling brand of flat panel HDTVs in North America and became the first American brand in over a decade to lead in U.S. TV sales. Since 2007 VIZIO HDTV shipments remain in the TOP ranks in the U.S. and was #1 for the total year in 2009. VIZIO is committed to bringing feature-rich consumer electronics to market at a value through practical innovation. VIZIO offers a broad range of award winning consumer electronics. VIZIO's products are found at Costco Wholesale, Sam's Club, Walmart, Target, BJ's Wholesale, and other retailers nationwide along with authorized online partners. VIZIO has won numerous awards including a #1 ranking in the Inc. 500 for Top Companies in Computers and Electronics, Fast Company's 6th Most Innovative CE Company of 2009, and made the lists of Ad Age's Hottest Brands, Good Housekeeping's Best Big-Screens, CNET's Editor's Choice, PC World's Best Buy and OC Metro's 10 Most Trustworthy Brands among many other prestigious honors. For more information, please call 888-VIZIOCE or visit on the web at www.VIZIO.com.
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*IHS iSuppli Corporation Research Q2 2012 Market Tracker Report of Q1 2012.
SOURCE VIZIO, Inc.