VIZIO Resolves CyberFone Patent Dispute with Donation to Charity

VIZIO Resolves CyberFone Patent Dispute with Donation to Charity

IRVINE, Calif., May 6, 2014 /PRNewswire/ -- CyberFone Systems, LLC and VIZIO, Inc. are pleased to announce that they have resolved their dispute in CyberFone Systems LLC v. VIZIO, Inc., et al., Case No. 1:11-cv-833 (D. Del.). CyberFone dismissed its patent infringement claims against VIZIO with prejudice and has covenanted not to assert these patents against VIZIO. In consideration, VIZIO made a $15,000 donation to Mattel Children's Hospital UCLA.

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"The donation benefits Mattel Children's Hospital UCLA that offers a full spectrum of primary and specialized care for infants, children and adolescents. UCLA's facilities are designed to serve the most critically ill children with sophisticated, compassionate care in an environment that is both welcoming and healing to children and their families," said Rob Brinkman, VIZIO Chief Administrative Officer. "We are pleased that these efforts can benefit many others in need."

About VIZIO

VIZIO, Inc. is headquartered in Irvine, California. In Q2 2007, VIZIO skyrocketed to the top by becoming the #1 shipping brand of flat panel HDTVs in North America and in Q3 2007 became the first American brand in over a decade to lead in North American LCD HDTV shipments. VIZIO was #1 in North America LCD for 2010(1). VIZIO is now also America's #1 Smart TV company(4) and large size LCD company(2) as the leading seller of 60" and larger HDTVs in the U.S. VIZIO is also the #1 Sound Bar Brand in the U.S(3). For over a decade, VIZIO has remained committed to what it does best -- focus on the consumer to deliver visionary products at a great value. The brand is consistently recognized for excellence in customer service, and was awarded 19 Stevie Awards, including the Grand Stevie Award in the 8(th) Annual Stevie Awards for Sales & Customer Service. VIZIO offers a broad range of award winning consumer electronics that now include PCs and mobility products. VIZIO's products are found at Amazon, Best Buy, BJ's Wholesale, Costco Wholesale, Sam's Club, Target, Walmart and other retailers nationwide. VIZIO has won numerous awards including 2014 Editor's Choice by Reviewed.com, "Best of CES 2014" by IGN, "Best of CES 2014" by PC Magazine and "Best of the Best 2014" by UltraHDTV Magazine for its Reference Series Ultra HD Full-Array LED Smart TV. VIZIO's P-Series Ultra HD Full-Array LED Smart TV also captured Reviewed.com's 2014 Editor's Choice award and was also recognized by The Verge as "Best TV of CES" for 2014 as well as awarded "Best of CES" by Complex and "Best of Show" by Wired for 2014. VIZIO also earned #1 ranking in the Inc. 500 for Top Companies in Computers and Electronics and made the lists of Ad Age's Hottest Brands, CNET's Editor's Choice, CNET Best of CES 2011 - Television, CNET Best of CES 2013 - Home Theater and Audio, Sound & Vision's Top Picks, Good Housekeeping's Best Big-Screens, PC World's Best Buy and Popular Mechanics Editor's Choice among many other prestigious honors including "Highest in Customer Satisfaction with HDTVs Less Than 50 Inches in a Tie" from J.D. Power(5). For more information, please call 888-VIZIOCE or visit www.VIZIO.com.

(1)Source:( ) DisplaySearch Market Tracker Quarterly Global TV Shipment and Forecast Report.

(2)Source: The NPD Group/Retail Tracking Service Based on Units Sold January - October 2013.

(3) The NPD Group / Retail Tracking Service, units sold, Jan 2010 - Dec 2013.

(4) The NPD Group / Retail Tracking Service, 2013 Flat Panel TV units with Apps included.

(5) J.D. Power 2013 High Definition Television (HDTV) Satisfaction ReportSM. Report based on responses from 6,007 consumers measuring 8 brands and measures opinions of consumers who purchased an HDTV less than 50 inches in the last 12 months. Proprietary study results are based on experiences and perceptions of consumers surveyed May-June 2013. Your experience may vary. Visit www.jdpower.com.

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SOURCE VIZIO, Inc.

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VIZIO, Inc.

CONTACT: Press Contacts for VIZIO: Katie Kotarak, The Brand Amp, T: 269-357-3139, E: katie@thebrandamp.com, or Jim Noyd, Noyd Communications Inc., T: 310-951-3768, E: jim.noyd@noydcom.com

Web Site: http://www.vizio.com


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