SENSIO Signs a Licensing Agreement with Hyundai IT

SENSIO Technologies announces that it has signed a licensing agreement with manufacturer Hyundai IT Corporation for integration of SENSIO’s technology into Hyundai IT’s LCD HD 3D televisions, developed for the consumer electronics market. Consumers will be able to obtain televisions that integrate SENSIO 3D decoding technology in the fall of 2009. Hyundai IT plans to market this television model in the American, European and Asian markets.

The contract provides for quarterly royalty payments for each of the units sold, and the royalty amount is established based on annual sales volume. The financial terms will not be disclosed for competitive reasons.