SECOND JAPANESE CORPORATION COMMITS TO LICENSE TRI-VISION'S UNIQUE
V-GIS(TM) V-CHIP TECHNOLOGY
Wednesday, September 8, 1999, 6:00 AM EDT
Toronto, Ontario
Tri-Vision International Ltd./Ltee announced today that Nichimen
Corporation has confirmed that another Japanese television
manufacturer is in the final stages of concluding a licensing
agreement for Tri-Vision's field upgradeable V-gis(TM) v-chip
technology. Due to the competitive nature of the television
manufacturing industry, the prospective licensee has requested
that its name be withheld for the time being.
"Following the announcement of the final licensing deal with
Sharp Corporation in mid-June, this commitment by another TV
manufacturer assists in moving us toward our goal of establishing
Tri-Vision's unique and competitively-priced V-gis(TM) v-chip
technology as the industry standard," said Company President and
CEO, Najmul Siddiqui.
According to the Consumer Electronics Manufacturers Association
(CEMA) in the U.S., a number of TV manufacturers are installing
"v-chip" blocking capabilities that will not be able to adapt to
these changes. CEMA, in a July 1999 news release and on the CEMA
Website noted that changes to the program
rating system "would render obsolete all v-chip equipped TVs
already in use".
Fortunately for consumers, television sets incorporating
Tri-Vision's patented V-gis(TM) v-chip technology are able to
adapt to any future ratings changes in the US, as well as
television ratings systems and languages in other countries. The
Company's V-gis(TM) v-chip technology is the only known and
tested v-chip technology available to TV manufacturers and
consumers, which is able to automatically reconfigure in the
field. This unique feature provides TV manufacturers, parents and
legislators with the peace of mind that any planned changes to
the U.S. TV ratings systems will not render new TVs obsolete if
equipped with Tri-Vision's patented technology.
On March 12, 1998, the Federal Communications Commission (FCC)
issued a Report and Order that approved the TV Parental
Guidelines, the television program ratings system designed
specifically for the v-chip, and the technical requirements for
"v-chip" blocking. In the report, the FCC strongly recommended
that TV manufacturers provide for rating changes, and noted that
manufacturers will be driven by the marketplace to meet any
consumer demands to accommodate additional rating systems."
Nichimen Corporation continues to assist Tri-Vision in the
licensing of the V-gis(TM) v-chip technology to TV manufacturers
located in Japan, Korea, Europe and the United States.
Tri-Vision International Ltd./Ltee is a public company founded in
1986. The Company trades on Canada's Toronto Stock Exchange
under the symbol TVL.
For investor or media information, contact Century Communications
Corporation at (888) 298-8551 (toll free). Visit the Company
Website at www.tri-vision.ca. |
