Pioneer Licenses TiVo DVR Technology

Reprinted from a TiVo press release:

Pioneer Electronics (USA) Inc., a leader in the development and manufacturing of home electronics technology, today announced its license agreement with TiVo Inc., (NASDAQ:TIVO) a creator of television services for digital video recording. Pioneer becomes the latest licensee of the TiVo digital video recorder (DVR) service. Pioneer is currently working with TiVo in the development of products that will be available later this year.

Pioneer has a long history of innovations, including the world’s first DVD recorder, laser disc player, combination DVD-Audio and SACD DVD player, and digital sound projector. The company is recognized as a leading manufacturer of home electronics products. Pioneer’s agreement with TiVo is consistent with Pioneer’s global vision for the future.

“TiVo is truly a pioneer in the DVR category. It gives me great pride to announce that Pioneer is working with TiVo in the development of new products that will add features to the standard DVR that consumers have not yet experienced,” said Tom Haga, president of the home entertainment division of Pioneer Electronics (USA) Inc. “The combined expertise of Pioneer and TiVo will undoubtedly bring new innovation that consumers desire.”

“We are pleased to have a leader like Pioneer as a licensee of the TiVo technology. Pioneer’s long history of developing revolutionary home electronics products offers exciting possibilities for new TiVo-enabled products that we’ll see in the marketplace very soon,” said Mike Ramsay, TiVo CEO. “Holiday shoppers are going to see TiVo products with more exciting features than have ever been offered before.”