Sportvision, Fox and PVI Settle Patent Litigation; Lawsuits Resolved By Cross-Licenses and Interference Not Pursued

Business Wire, Feb 21, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 21, 2002

Sportvision, Inc., Fox Sports Productions, Inc. and Princeton Video Image, Inc. (NASDAQ: PVII) announced today that they have settled and moved to dismiss their patent litigation regarding virtual insertion technologies.

Sportvision and Fox Sports Productions initiated the lawsuit in Federal Court in California in October 1999, alleging that PVI's virtual signage, first down line, and other products infringed Fox/Sportvision patents. In August 2001, PVI counterclaimed against Sportvision in the Federal Court action, alleging that Sportvision's virtual strike zone and virtual signage products infringed a PVI patent.

The parties have resolved the Federal Court litigation by cross-licensing each other's patents that cover the use of camera instrumentation and image processing for virtual insertion into live video.

As a part of this settlement, PVI has agreed not to request or pursue an interference against the Fox/Sportvision patents.

"Sportvision looks forward to continuing its work as virtual imaging plays a bigger and bigger role in televised sports," said Sportvision CEO Bill Squadron. "Our focus remains on using innovative technology to enhance the experience of sport fans."

PVI co-CEO Roberto Sonabend stated: "I expect that this settlement will accelerate PVI's ability to expand its markets based on our exceptional technology for advertising in sports and entertainment television."

The official case title is Sportvision, Inc. and Fox Sports Productions, Inc. v. Princeton Video Image, Inc., Civil Action No. 99-CV-20998 (N.D. Cal.).

About Princeton Video Image, Inc.

Princeton Video Image, Inc. (PVI) provides real-time virtual advertising, programming enhancements, virtual product integration and targeted interactive services for televised sports and entertainment events and programs. It services the advertising industry with its own proprietary technology developed at their New Jersey facilities. Headquartered in New York City and Lawrenceville, New Jersey, PVI has offices in Brussels and Mexico City, as well as a licensee office in Seoul.

About Sportvision, Inc.

Sportvision is the leader in sports media technology, developing products and applications that enhance the fan's experience on television, the Internet and convergence platforms. A privately held corporation founded in 1998, Sportvision offers a suite of products, including the Emmy-winning 1st & Ten electronic first down line, that have enhanced hundreds of NFL, NBA, NASCAR, NHL, PGA Tour, Major League Baseball, NCAA football and basketball, Olympics, XTERRA, Ironman Triathlon and other sporting events on-air and online. The company's "fan-centric" technology applications allow broadcasters, sports leagues, teams and Internet sites to enrich their programming, while also creating new opportunities for advertisers and sponsors. Sportvision is based in New York City with a research and development facility in Mt. View, CA.