Vizio, the LCD high-definition television maker, based in Irvine, Calif., has licensed some of its patented technology to Westinghouse Digital LLC in Orange to settle a licensing dispute.
Vizio owns worldwide patent rights to substantial digital television technology and had sued Westinghouse for patent infringement. Westinghouse, which makes LED and LCD TVs will pay royalties to Vizio but the financial terms were not disclosed.
"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 chief administrative officer. "We shall continue to aggressively protect our rights and actively expand VIZIO's licensing program."
William Wang started Vizio in 2002, building it into the first American brand in more than 10 years to lead the U.S. in LCD HDTV sales by selling through discounters such as Costco, Sam's Club, Walmart and Target.
