“Algolith’s noise-reduction and compression artefact reduction algorithms are among the best in the industry,” said Etienne Fortin, Chief Technology Officer at SENSIO. “With the advent of connected TVs, low bitrate, noisy video will be widespread and we foresee a high demand for this capability from our current customers in the consumer electronics market.”

“Combining Algolith’s video format conversion and noise reduction technologies with SENSIO(R) 3D will uniquely position us to service the broadcast market as well,” added Nicholas Routhier, President and CEO. “Other key technologies will come into play further down the line, enhancing our state-of-the-art offering to all markets.”

full story here: http://www.marketwatch.com/story/sensio-technologies-acquires-algoliths-intellectual-property-and-secures-integration-of-key-employees-2010-12-01-931420?reflink=MW_news_stmp