DDD and Samsung renew 3D video processing chip technology license agreement

Thursday, July 25th, 2013
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LOS ANGELES, California — DDD Group plc (AIM: DDD; OTCQX: DDDGY), the 3D solutions company, has renewed its license agreement with Samsung Electronics Co., Ltd. to include DDD’s TriDef™ 2D to 3D technologies with Samsung’s 3D video processing chips that are used in Samsung Smart TVs and other Samsung 3D consumer products.

The agreement has been extended until the end of 2015, an additional two and a half years, during which time DDD will continue to earn revenue from Samsung’s use of DDD’s automatic 2D to 3D conversion technology in Samsung’s Smart TVs and other 3D products.

Chris Yewdall, Chief Executive of DDD, said:

“We are pleased that Samsung will continue to power its Smart TVs with our TriDef 3D conversion solutions. Samsung haspioneered the 3D TV market since 2010 as a market leader and continues to provide diverse 3D content on Smart TV, recognizing the lack of originally made 3D content in the market. Samsung partnered with DDD Group for its TriDef technologies, which allow viewers to easily transform their existing 2D programming into 3D.”

DDD has also expanded its patent license agreement with Samsung.