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Vizio, Westinghouse Reach Licensing Deal

3/28/2012 09:37:40 AM Eastern

Irvine, Calif. - Vizio said
Wednesday that it has reached a cross-license agreement with Westinghouse
Digital.

The deal involves Vizio's patent portfolio on quadrature
amplitude modulation (QAM) technology, ending a legal actions initiated by
Vizio against its competitor in the TV category.

Vizio said it owns "a substantial worldwide patent portfolio
directed to digital television technology."

The parties have not disclosed financial terms of the agreement
under which Westinghouse 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 Westinghouse Digital also
concludes actions brought by Vizio.

"Having successfully resolved the disputes, we shall continue to
aggressively protect our rights and actively expand Vizio's licensing program,"
Brinkman said.

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