VIZIO announced that Sony Corporation has become a licensee under VIZIO's patent portfolio. VIZIO owns a substantial worldwide patent portfolio directed to digital television technology.

"We are pleased with the result of our patent licensing efforts. It further demonstrates the technical strength and value of VIZIO's patent portfolio," said Rob Brinkman, VIZIO V.P. of Operations and Administration.

VIZIO continues to expand its intellectual property including the development of new technologies that will be implemented in VIZIO's products available later this year and beyond. "We are excited about the new line of VIZIO HDTV's which will have technically advanced features. We are committed to providing the best HDTV experience possible to our customers," Brinkman added.

VIZIO also announced that it has successfully resolved its ongoing patent disputes with Sony, and that VIZIO now is a licensee under Sony's color television patent portfolio. "Having successfully resolved the disputes, we shall continue to aggressively protect our rights and actively expand VIZIO's licensing program. As an owner of patent rights and as a licensee of legitimate patent right held by others, VIZIO respects intellectual property and we expect our competitors to do the same," added Mr. Brinkman.