Stereo Vision Signs Worldwide Exclusive License Agreement for Game Changing Proprietary 3D Technology
24 August 2011 - 11:29PM
Marketwired
Stereo Vision Entertainment Inc. (PINKSHEETS: SVSN) announced today
the signing of an exclusive worldwide license agreement for Stereo
3D technology that will reduce 3D bandwidth and storage
requirements by an average of 40% to 60% with no loss of
resolution. The patent pending technology applies to all forms of
professional and consumer digital stereo 3D production, storage,
delivery, and reception equipment, including computers, tablets,
television sets, 3D cameras, smart phones, editing systems,
projectors, interactive 3D games, and Internet download services.
"This game changing 3D technology was designed by a team of
inventors who have more than 200 U.S. and Foreign patents between
them," said Stereo Vision's CEO Jack Honour. "Robert S. Block
(Bob), one of the inventors, became a Stereo Vision principal
partner through the acquisition of REZN8. (Click here: Stereo
Vision Completes REZN8 Acquisition Effective 12/31/2010) The list
of companies that have licensed the team's previous inventions
reads like a who's who of the media and technology industries with
companies like Sony, Motorola, and DirecTV leading the way. Our
pursuit of this endeavor is driven by our continued effort to add
shareholder value. This technology complements our core business
strategy of 3D digital content production, acquisition, and
distribution."
Stereo Vision's new proprietary 3D technology will make it
possible for cable, satellite, broadcast, Internet, and mobile
service providers to deliver S3D content using about half the
storage and download time as was previously needed for 3D with no
loss of resolution. The SV technology will also enhance and improve
S3D capture and delivery hardware. SV believes this new 3D
technology has the potential of becoming a global standard for S3D
systems.
Beyond the S3D applications, the new SV technology will also
significantly enhance "Look Around 3D," where computer video
objects can be manipulated and rotated by viewers for full 3D
observation and interaction. The combination of S3D and the Look
Around 3D capability will usher in an abundance of new
opportunities for the 3D industry in entertainment, education,
medicine, and military training.
Stereo Vision Entertainment Inc. --
(http://stereovision.com) Stereo Vision Entertainment is a publicly
traded company whose business is driven by the acquisition,
development, production and distribution of cutting edge 3D media
assets. Responding to the current exponential growth of demand for
3D content, Stereo Vision is developing a wide variety of 3D
technologies and intellectual properties for these rapidly
expanding markets.
Safe Harbor Statement: Except for historical information, this
news release may contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Exchange Act of 1934, as amended.
Contact: Jack Honour 818-326-6018 Email Contact
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