A quick look around the just opened Flatbush, Brooklyn location of
Alviso, Calif. – A week before the case was set to go to trial, TiVo and Verizon agreed to settle a patent infringement dispute on DVR technology that has been ongoing since 2009.
Under the deal, Verizon will pay TiVo about $100 million for “past damages,” some of which will be reflected in the current quarter’s financial statement.
Verizon will also drop its counter-suit against TiVo.
Osaka, Japan – Panasonic issued a statement on the impact recent anti-Japanese demonstrations in China have had on their plants in that country.
The recent demonstrations in China are the result of a dispute over a set of islands both countries claim as theirs, which has led to protests at a variety of Japanese-owned facilities in the country, including Canon, which reported closed a facility in China.
Panasonic reports that there have been no injuries to its personnel so far due to the protests.
Romeoville, Ill. – LG Electronics USA has signed on as a charter participant with the U.S. Environmental Protection Agency’s (EPA) new Sustainable Materials Management (SMM) Electronics Challenge.
LG said it will support the SMM Electronics Challenge goal of voluntarily committing to send 100 percent of used electronics collected for reuse and recycling to certified third-party recyclers.
The task, which includes publicly posting information and data, is expected “to increase the total amount of used electronics collected for reuse and recycling.”
Berlin –LG Electronics unveiled at IFA 2012 here a personal smart TV with IPS LCD technology that incorporates LG’s smart-TV functionality, Cinema 3D and Cinema Screen design.
Model TM2792 is a 27-inch LED IPS LCD TV that’s well-positioned for bedrooms and dorms, with a host of interactive and connected features. The company described its cosmetics as “the perfect complement for a sleek, modern interior.”
Stockholm – The Moving Picture Experts Group (MPEG) issued Wednesday a draft international standard of a new video-compression format called H.265, which is said to be twice as efficient at using available bandwidth for video as the current H.264/AVC standard.
The multi-industry body met here last month to draft a standard for High Efficiency Video Coding (HEVC) that would enable faster delivery of current quality video using less bandwidth or greater video quality using the same bandwidth as H.264 today.