- A group of electronics brand competitors contend that VIZIO has infringed
on their patents for MPEG-2 video compression
- VIZIO is confident that the lawsuit will not materially impact its
business
IRVINE, Calif., June 5 /PRNewswire/ -- VIZIO, the fastest growing brand
of flat panel HDTVs in North America, announced today that it is aware of a
suit filed June 2, 2008 in the U.S. District Court in Manhattan by several
electronics company competitors alleging that VIZIO failed to enter into a
licensing agreement for MPEG-2 video compression technology.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060307/LATU014LOGO-b)
VIZIO's suppliers have licenses for the MPEG-2 patents, and VIZIO
believes that these licenses extend to VIZIO's products. VIZIO has notified
its suppliers of the lawsuit and expects full support and cooperation by
them in the defense of the lawsuit. Accordingly, VIZIO does not believe
that the suit will have a material adverse impact on VIZIO's business.
VIZIO is working to resolve this matter with the plaintiffs and its
suppliers, and it intends to defend its legal rights with vigor.
About VIZIO
VIZIO, Inc. "Where Vision Meets Value," headquartered in Irvine,
California is the fastest growing brand of flat panel HDTVs in North
America. VIZIO is bringing vision to the consumer electronics market
through practical innovation. VIZIO products offer customers advanced
technologies at the most affordable value. Products include their lines of
Plasma and LCD HDTVs. For more information, please call 888-VIZIOCE or
visit on the web at http://www.VIZIO.com.
The VIZIO, Where Vision Meets Value names, phrase and symbols are
trademarks or registered trademarks of VIZIO, Inc. All other trademarks may
be the property of their respective holders.
SOURCE VIZIO, Inc.
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Related links:
http://www.VIZIO.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20060307/LATU014LOGO-b
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Jim Noyd of Noyd Communications Inc.,
+1-310-374-8100, jim.noyd@noydcom.com, for VIZIO, Inc.
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