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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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