Du är här

2016-02-03

TECHNICOLOR: TECHNICOLOR WITHDRAWS FROM THE HEVC ADVANCE POOL TO ENABLE DIRECT LICENSING OF ITS HEVC IP PORTFOLIO

PRESS RELEASE

TECHNICOLOR withdraws from the hevc advance pool to
enable direct licensing of its hevc IP portfolio

Paris (France), 3
February 2016
-
Technicolor(Euronext Paris: TCH; OTCQX: TCLRY) has decided to license its HEVC
IP portfolio directly to device manufacturers rather than through the HEVC
Advance patent pool in order to accelerate adoption of the standard.

Since the emergence of the HEVC Advance pool, various players have delayed
adoption of HEVC technologies and redirected their investment into
alternative technologies. However, HEVC is today the best video compression
technology to meet industry needs, such as the shift towards next generation
video formats like UHD and HDR. As a leading developer and proponent of HEVC
technology, Technicolor strongly believes that the rapid and widespread
adoption of a unified technology is the best outcome for the industry and for
Technicolor.

Following this decision, Technicolor has signed a material patent license
agreement for the use of its patents related to HEVC technologies. With this
first deal, Technicolor seeks to pave the way for the industry to adopt the
HEVC standard and encourage other patent holders to enter into similar
agreements. As a further incentive for rapid adoption, Technicolor has chosen
to license its patents for use in devices and does not plan to license
industry players for content streaming.

This early licensing success demonstrates the quality of Technicolor's IP
position in the HEVC standard and provides evidence of the Group's ability to
generate value more effectively than would have been possible through
participation in a patent pool.

###

About Technicolor

Technicolor, a worldwide technology leader in the media and entertainment
sector, is at the forefront of digital innovation. Our world class research
and innovation laboratories enable us to lead the market in delivering
advanced video services to content creators and distributors. We also benefit
from an extensive intellectual property portfolio focused on imaging and
sound technologies. Our commitment: supporting the delivery of exciting new
experiences for consumers in theaters, homes and on-the-go.

www.technicolor.com- Follow us:@Technicolor-linkedin.com/company/technicolor

Technicolor shares are on the NYSE Euronext Paris exchange (TCH) and traded in
the USA on the OTCQX marketplace (OTCQX: TCLRY).

Media Contact

Sandra Carvalho: +1 323 208 2624

sandra.carvalho@technicolor.com

Lane Cooper: +1 415 646 6592

lane.cooper@technicolor.com

Investor Relations

Emilie Megel: +33 1 41 86 61 48

emilie.megel@technicolor.com

Laurent Sfaxi: +33 1 41 86 58 83

laurent.sfaxi@technicolor.com

PDF Version
http://hugin.info/143597/R/1983514/726929.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TECHNICOLOR via Globenewswire

HUG#1983514

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.