TORONTO, April 27 /CNW/ - Tri-Vision International Ltd (TSX: TVL) today
announced that it has licensed United States Patent No. 5,828,402 (the '402
Patent) to Original Equipment Manufacturer (OEM) Falcon Digital Co., Ltd., an
emerging technology company and to Top Victory Investments Limited (TPV) an
Original Equipment Manufacturer (OEM) ranked 16th among information technology
companies in the world with brands that include AOC and Envision. Both
Companies are based in Hong Kong. The licenses are valid through the
expiration of the patents in 2016.
On other news, as previously disclosed in the Company's financial
statements, under the terms of a licensing arrangement, Tri-Vision was
required to pay for a portion of legal expenses incurred by a licensee in
defending patent infringement claims relating to the technology licensed from
the Company. Subsequent to March 31, 2007, Tri-Vision paid approximately
U.S. $2.1 million for such legal costs to conclude the Company's commitment to
that arrangement, which will be included in the fourth quarter cost of sales
on the Consolidated Statements of Income (Loss) and Deficit.
Tri-Vision International Ltd/Ltée is a public company founded in 1986.
Shares of the Company trade on Canada's Toronto Stock Exchange (TSX) under the
symbol TVL. Tri-Vision operates two wholly-owned subsidiaries: Tri-Vision
Electronics Inc. and Think Broadband Solutions Inc.
Tri-Vision Electronics Inc. - Licenses V-chip globally and owns the
sole rights to U.S. V-chip Patent No. 5,828,402 and Canadian V-chip
Patent No. 2,179,474 and 2,342,045. This subsidiary also markets Data
Video Distribution Systems, Secure Pay TV, Addressable Pay TV (pay
per view), Hotel Pay TV and Cable TV equipment worldwide. Companies
who have been licensed to the U.S. and/or Canadian Patents include:
Sony, Hitachi, Sanyo, Pioneer, Philips, JVC, Panasonic, LG
Electronics, Samsung, Funai, Orion, Apex, Korat Denki, World,
Eastech, Toshiba, eRAE, Seiko Epson, Xiamen, Shenzhen KXD, NewLane,
Konka, TTE, Optoma, Coretronic, ViewSonic, Syntax-Brillian, NEC,
AKAI, Chunghwa, Humax, Shinco, Jabil Circuit, LiteOn, Top Powersonic,
Nakamichi, Emerson Radio, Esto, BenQ, Runco, Daewoo Tecwell, ProView,
Redmond Group, Harsper, Wistron and more. A number of other major
corporations such as Dell Inc. have committed to selling televisions
under Tri-Vision's license.
Think Broadband Solutions Inc. - Authorized Canadian Distributor to
Canada's broadband industry for Scientific Atlanta, PCT North
America, Andrew Corp. and Conax. The division specializes in digital
video system design and integration, in-country equipment sales and
supply, logistical support, niche product design and development, in-
house and offshore manufacturing capabilities.
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For further information: CHF Investor Relations, Jeanny So, Broker
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To find out more about Tri-Vision International Ltd. (TSX: TVL), visit our
website at www.tri-vision.ca