Vestel

Vestel Joins HEVC Advance Patent Pool

Retrieved on: 
Thursday, March 7, 2024

Access Advance (“Advance”) today announced that Vestel Elektronik Sanayi Ticaret A.S. (“Vestel”) has joined the HEVC Advance HEVC/H.265 Patent Pool as a Licensee.

Key Points: 
  • Access Advance (“Advance”) today announced that Vestel Elektronik Sanayi Ticaret A.S. (“Vestel”) has joined the HEVC Advance HEVC/H.265 Patent Pool as a Licensee.
  • This ends several years of litigation in Germany, the Netherlands, and the UK between Vestel and Advance and several HEVC Advance Licensors.
  • “We are pleased to welcome Vestel as a valued Licensee in the HEVC Advance Patent Pool,” stated Pete Moller, Access Advance CEO.
  • We expect Vestel becoming a valued Licensee will further encourage others who practice the HEVC/H.265 standard while remaining unlicensed to join the HEVC Advance Patent Pool, so they can similarly benefit from its broad and deep patent coverage and FRAND terms.”

Home Connectivity Alliance Announces HCA Energy Management Interface Specification 1.0 at CES 2024

Retrieved on: 
Monday, January 8, 2024

Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem today announced the release of its HCA Energy Management Specification 1.0 at CES 2024 in Las Vegas, Nev., USA on Jan. 9-12, 2024.

Key Points: 
  • Home Connectivity Alliance (HCA), an organization dedicated to the development and promotion of secure interoperability and energy savings across long-life appliances, HVAC systems and TVs within the connected home ecosystem today announced the release of its HCA Energy Management Specification 1.0 at CES 2024 in Las Vegas, Nev., USA on Jan. 9-12, 2024.
  • “HCA Energy Management is based on the principle that appliance manufacturers – like those involved in the Home Connectivity Alliance – are in the best position to determine the energy management potential of connected appliances,” said Yoon Ho Choi, Home Connectivity Alliance President.
  • With HCA Energy Management, key data from appliances that consume the most energy – including how much power they use and how to optimize it – become more accessible.
  • HCA members can offer energy usage insights that empower consumers to leverage HCA technology, resulting in energy efficiency and cost savings.

Xperi Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023

Won three “Best of IFA” awards for TiVo OS at Europe’s largest consumer electronics tradeshow held in September.

Key Points: 
  • Won three “Best of IFA” awards for TiVo OS at Europe’s largest consumer electronics tradeshow held in September.
  • DTS AutoStage Video Service, Powered by TiVo, has been integrated into the new generation BMW 5-Series.
  • Signed license agreement with a Big Tech customer and recognized revenue in the quarter, validating Perceive’s approach to low-power AI at the edge.
  • The Company is narrowing its fiscal 2023 outlook ranges to the following:

From Smart TVs to Connected Car, Xperi Showcases the Power of Connected Entertainment

Retrieved on: 
Wednesday, August 30, 2023

Whether looking for movies, music, TV shows or podcasts, consumers want personalized recommendations that meet their entertainment needs.

Key Points: 
  • Whether looking for movies, music, TV shows or podcasts, consumers want personalized recommendations that meet their entertainment needs.
  • Xperi provides a platform for original equipment manufacturers (OEMs) to engage their audience, regardless of whether it is through a smart TV or in the car.
  • “The demand for digital entertainment services continues to grow as consumer engagement builds on gains made in recent years,” says Greg Ireland, IDC’s Future Consumer research director.
  • The automotive industry is making extensive investments to make cars more connected, as internet connectivity is dramatically altering the in-cabin entertainment experience.

LG TO ENABLE CROSS-BRAND CONNECTIVITY THROUGH LG THINQ SMART HOME PLATFORM

Retrieved on: 
Tuesday, August 29, 2023

SEOUL, South Korea, Aug. 29, 2023 /PRNewswire/ -- LG Electronics (LG) is set to present the first commercial implementation of the Home Connectivity Alliance's HCA Specification 1.0, enabling cross-brand appliance connectivity through the LG ThinQ™ smart home platform. By the end of this year, consumers will be able to control appliances from diverse brands, such as Samsung and Vestel, with the intuitive-to-use ThinQ app, providing seamless interconnectivity and a smarter, more convenient home.

Key Points: 
  • Delivering the First Commercial Implementation of HCA Specification 1.0, Company Expands Smart Home Ecosystem Through Partnerships With Other Brands
    SEOUL, South Korea, Aug. 29, 2023 /PRNewswire/ -- LG Electronics (LG) is set to present the first commercial implementation of the Home Connectivity Alliance's HCA Specification 1.0, enabling cross-brand appliance connectivity through the LG ThinQ™ smart home platform.
  • Committed to expanding the smart home ecosystem, LG has also actively supported the work of the Connectivity Standards Alliance (CSA), a global organization dedicated to developing open communication protocols for smart home devices.
  • "LG ThinQ enables a seamlessly interconnected home appliance ecosystem that will provide new smart home experiences to customers around the globe," said Jung Ki-hyun, executive vice president and head of platform business center.
  • "LG will continue to expand compatibility between ThinQ and other HCA members' smart home platforms."

Home Connectivity Alliance Member Companies Set to Adopt HCA Interface Specification 1.0

Retrieved on: 
Monday, August 28, 2023

“HCA member companies are taking a thoughtful approach towards interoperability of everyday essential products already in our homes,” said Yoon Ho Choi, Home Connectivity Alliance President.

Key Points: 
  • “HCA member companies are taking a thoughtful approach towards interoperability of everyday essential products already in our homes,” said Yoon Ho Choi, Home Connectivity Alliance President.
  • As a proud member of the Home Connectivity Alliance, we reaffirm our dedication to furnishing consumers with ingenious solutions that elevate their lifestyles, rendering their homes both smarter and more energy-efficient.
  • That‘s why we started negotiations with companies to create functional use cases to our customers by using the HCA infrastructure.
  • To learn more about the Home Connectivity Alliance, membership benefits and how to join, visit www.homeconnectivityalliance.org .

BACKED BY A DECADE OF INNOVATION: LG RANKS FIRST IN GLOBAL OLED TV MARKET

Retrieved on: 
Wednesday, May 31, 2023

SEOUL, South Korea, May 31, 2023 /PRNewswire/ -- LG has been recognized for its leadership and continuing dominance of the OLED TV market. Celebrating a decade of excellence and customer experience innovation this year, LG OLED remains the top choice in the premium TV segment through its unmatched contrast which enables perfect blacks and true-to-life colors, as well as its unprecedented flexibility and thinness.

Key Points: 
  • According to market research firm Omdia, LG topped the OLED TV market by a landslide in the first quarter of 2023, claiming approximately 60 percent of the market by total shipments.
  • LG OLED TVs are currently sold in over 130 countries, making them the most widely available OLED TVs in the world.
  • Last year, the accumulated total shipments of LG OLED TVs (since their initial launch in 2013) exceeded 15 million units; making LG the first OLED TV maker to reach this impressive milestone.
  • However, LG OLED TV sales have remained strong, representing more than 30 percent of the company's total TV sales in the first quarter, 2023.

BACKED BY A DECADE OF INNOVATION: LG RANKS FIRST IN GLOBAL OLED TV MARKET

Retrieved on: 
Wednesday, May 31, 2023

SEOUL, South Korea, May 31, 2023 /PRNewswire/ -- LG has been recognized for its leadership and continuing dominance of the OLED TV market. Celebrating a decade of excellence and customer experience innovation this year, LG OLED remains the top choice in the premium TV segment through its unmatched contrast which enables perfect blacks and true-to-life colors, as well as its unprecedented flexibility and thinness.

Key Points: 
  • According to market research firm Omdia, LG topped the OLED TV market by a landslide in the first quarter of 2023, claiming approximately 60 percent of the market by total shipments.
  • LG OLED TVs are currently sold in over 130 countries, making them the most widely available OLED TVs in the world.
  • Last year, the accumulated total shipments of LG OLED TVs (since their initial launch in 2013) exceeded 15 million units; making LG the first OLED TV maker to reach this impressive milestone.
  • However, LG OLED TV sales have remained strong, representing more than 30 percent of the company's total TV sales in the first quarter, 2023.

Xperi Inc. Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 21, 2023

Xperi Inc. (NYSE: XPER) (the “Company” or “Xperi”), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced fourth quarter and full year 2022 financial results for the period ended December 31, 2022.

Key Points: 
  • Xperi Inc. (NYSE: XPER) (the “Company” or “Xperi”), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced fourth quarter and full year 2022 financial results for the period ended December 31, 2022.
  • Fourth quarter GAAP Net Loss was ($297M), or ($7.06) per share, and non-GAAP Net Income1 was $4M, or $0.08 per share.
  • Adjusted EBITDA1 was $4M for the fourth quarter, resulting in an Adjusted EBITDA margin of 3%.
  • The Company booked a non-cash charge of $258M in the fourth quarter for goodwill impairment and real estate restructuring in connection with its year-end review.

INTERNATIONAL EXHIBITION FOR CHARGING INFRASTRUCTURE AND E-MOBILITY EXPANDS EXHIBITION SPACE

Retrieved on: 
Wednesday, January 25, 2023

Despite the recent expansion of the leading European exhibition for charging infrastructure and e-mobility, the exhibition space is almost fully booked.

Key Points: 
  • Despite the recent expansion of the leading European exhibition for charging infrastructure and e-mobility, the exhibition space is almost fully booked.
  • There is huge interest in solutions for e-mobility and charging infrastructure: The exhibition space had already been extended to two halls covering 13,000 square meters – and now it is almost fully booked.
  • 2023 will also see the launch of the Power2Drive AWARD for innovations in the area of e-mobility and charging infrastructure.
  • The award will be shining the spotlight on products and services for electromobility and charging infrastructure, bidirectional charging solutions, mobility services and software solutions.