VIZIO announced that Coby Electronics Corp. which sells digital televisions in the United States under the Coby 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 Coby 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 Coby also concludes actions brought against Coby 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.