DDD Revises 3D TV Conversion Licence with Samsung

DDD Group has restructured its licensing agreement with electronics giant Samsung. The agreement allows Samsung to use DDD's automatic 2D to 3D conversion technology in new 3D-enabled LED LCD HDTVs.

The per unit royalty paid for each Samsung 3D TV equipped with DDD's TriDef 3D technology has been reduced in order to enable Samsung to include the feature in a wider range of 3D TV models. DDD now expects that Samsung will include automatic 2D to 3D conversion capability in all LED LCD 3D HDTVs manufactured this year.

Samsung's executives expect the firm to manufacture between 2-2.6 million 3D HDTVs during 2010. On this basis, DDD expects to receive royalty revenue from Samsung in the range of $1.1-$1.5m during 2010.

Source: Business Financial Newswire