|By PR Newswire||
|February 11, 2014 01:31 PM EST||
PARIS, February 11, 2014 /PRNewswire/ --
Technicolor (Euronext Paris: TCH), a worldwide technology leader in the Media & Entertainment sector, today announces that it has signed a multi-year patent license agreement with LG Electronics for the use of Technicolor patents for LG's smartphones and tablets.
"Technicolor's pioneering work in video technology is now widely spread in smartphones and tablets to offer consumers a media rich experience and we are pleased to welcome LG as a licensee and offer a comprehensive license to our patent portfolio," said Boris Teksler, Head of Technology. "As new media-rich devices become pervasive we are pleased to expand our offering and share our patented technologies."
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, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. Euronext Paris: TCH http://www.technicolor.com