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Technology Stocks : Gemstar Intl (GMST)

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To: pompsander who wrote (6496)9/7/2005 6:45:28 PM
From: saukriver  Read Replies (1) of 6516
 
Gemstar-TV Guide Grants Pioneer Corporation an IPG Patent License for European Market

LOS ANGELES--(BUSINESS WIRE)--Aug. 30, 2005--

License Builds on Existing Agreement with Pioneer, which Currently Incorporates Gemstar-TV Guide's IPG into its Consumer Electronics Products in North America, Europe and Japan

Gemstar-TV Guide International, Inc. (NASDAQ: GMST) has signed a new interactive program guide ("IPG") patent license agreement with Pioneer Corporation. The agreement allows Pioneer to use Gemstar-TV Guide's intellectual property in certain consumer electronics products with non-Gemstar-TV Guide IPGs that are designed for the European market and use "service information" data, which is transmitted freely via a digital broadcast signal.

The new deal builds on an existing agreement reached last year between the two companies, in which Pioneer was granted a license to incorporate Gemstar-TV Guide's IPG in North America, Japan and Europe or, for certain products, a license under Gemstar-TV Guide's IPG patents. Under the existing agreement, Pioneer has already incorporated Gemstar-TV Guide's IPG into certain consumer electronics products in Europe, where the IPG is marketed as GUIDE Plus+.

"As we continue our successful IPG licensing efforts in Europe, we're pleased to strengthen our relationship with Pioneer with this agreement, which underscores the value of our intellectual property," said Mike McKee, chief operating officer of Gemstar-TV Guide's Consumer Electronics division.

Pioneer is among more than a dozen consumer electronics manufacturers licensing Gemstar-TV Guide's IPG for consumer electronics products, including, Hitachi, JVC, LG/Zenith, LiteOn, Matsushita (Panasonic), Mitsubishi, Philips, Samsung, Sharp, Sony, Thomson, TiVo, and Toshiba.

About Gemstar-TV Guide

Gemstar-TV Guide International, Inc. (NASDAQ: GMST) is a leading media and technology company that develops, licenses, markets and distributes technologies, products and services targeted at the television guidance and home entertainment needs of consumers worldwide. The Company's businesses include: television media and publishing properties; interactive program guide services and products; and technology and intellectual property licensing. Additional information about the Company can be found at www.gemstartvguide.com.
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