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Vizio Licenses to ON/RCA

VIZIO announced that ON Corporation, which sells digital televisions in the United States under the RCA brand, has become a licensee under VIZIO’s QAM patent portfolio. VIZIO, a manufacturer in the American LCD HDTV market, owns a substantial worldwide patent portfolio directed to digital television technology. The parties have not disclosed financial terms of the agreement under which ON Corporation has agreed to make royalty payments to VIZIO for sales of licensed products.
The signing of the QAM License with ON Corporation also concludes actions brought against ON Corporation by VIZIO in the International Trade Commission and in U.S. District Court.
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