Scheduled for Fall 2014, the initial deployment will target 13 countries in Europe, North America and South America. SENSIO will adapt the rate and extent of 3DGO!'s deployment to each region based on the potential benefits expected. The first launch is planned for the U.S. in October 2014, followed by the other 12 countries listed in the agreement as of December 2014. SENSIO then plans to continue with targeted deployment in other parts of the world starting in 2015. The 3DGO! application will be made available on LG's NetCast and webOS platforms.
LG is the world's biggest manufacturer of 3D TVs based on FPR technology (using polarized glasses such as those used in theatres) and it has one of the biggest sales volumes in the market.
"We are proud to be able to count on such an important partner as LG for our international expansion," said Nicholas Routhier, President and CEO of SENSIO. "LG is undoubtedly the most vocal and committed supporter of 3D at home, and we are very excited to be able to work with them on the proliferation of this exceptional experience. 3DGO! fits in perfectly with LG's strategy to promote the adoption and sale of its 3D TVs, by offering a wealth of content that includes hit movies and quality documentaries. Through this partnership, we will benefit from LG's impressive international sales volume, especially in Europe which generates roughly 30% of global unit sales volumes of 3D TVs from all CE manufacturers according to DisplaySearch. With today's agreement, SENSIO can confidently move forward with its international expansion program."
3DGO!™ is the world's first and only dedicated 3D transactional VOD service offering the largest selection of high-quality 3D content, including some of the latest 3D Hollywood blockbuster titles, via internet streaming to 3D smart devices. The application offers consumers quick and easy access to an ever-growing library of varied 3D content which SENSIO is committed to continue developing. Neither subscription nor additional playback equipment is required making it a simple, inexpensive and ideal way to watch 3D in the home. 3DGO! uses the award-winning SENSIO® Hi-Fi 3D technology, a unique frame-compatible technology providing high-fidelity stereoscopic images while using conventional 2D channels. The application is currently available in the US on select 3DTVs. For a list of compatible devices and available movies, please visit www.3DGO.com.
For further information on SENSIO and its technologies, please visit www.sensio.tv
About SENSIO Technologies Inc. (SENSIO):
SENSIO Technologies Inc. ( www.sensio.tv) has been leading the floor in bringing 3D video to the consumer since 1999. Its vision, expertise and state-of-the-art solutions, based on diversified stereoscopic image-processing technologies, have been trusted by some of the biggest names in the media and entertainment industries to power numerous industry firsts, initiate new business models and generate immediate revenue with a distinctive 3D offering.
SENSIO enables its clients to deliver the best possible 3D experience for the end-user through a broad portfolio of products, including its flagship, award-winning technology, SENSIO® Hi-Fi 3D. Through SENSIO solutions, consumers can access - with effortless interaction and complete peace of mind - 3D content of superior quality to common frame-compatible formats distributed over existing infrastructure (cable, satellite or over IP) and displayed using any existing digital equipment (cinema, home cinema, TV, game consoles or PC). SENSIO is listed on the Toronto TSX Venture Exchange.
SENSIO® is a registered trademark of SENSIO Technologies Inc.
Caution Concerning Forward-Looking Statements
Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statements... As a result, we cannot guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward looking statements. For more exhaustive information on these risks and uncertainties, the reader should refer to the risk factors described in the management's discussion and analysis of SENSIO for the quarter ended February 28, 2014. The forward-looking statements contained in this press release represent our expectations as of the date hereof. We disclaim any intention and assume no obligation to update or revise any forward-looking statements. Forward-looking statements are presented for the purpose of providing information about management's current expectations and plans and allowing investors and others to obtain a better understanding of our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Contacts: SENSIO Nicholas Routhier President & CEO +1 514-846-2022 nicholas.routhier@sensio.tv