KUDELSKI GROUP AND VEVO LLC SIGN PATENT LICENSE AGREEMENT

Cheseaux-sur-Lausanne, Switzerland, December 2, 2014 - The Kudelski Group (SIX: KUD.S), a leading independent provider of media protection and value-added service technology, today announced a multi-year patent license agreement with VEVO, LLC, a leading premium music, video and entertainment platform provider headquartered in New York City. While the specific terms remain confidential, this agreement provides VEVO with a license to the Kudelski Group's patent portfolio, subject to certain limitations.

"The Kudelski Group continues to invest heavily in developing technology and intellectual property that helps enable innovative companies like VEVO to deliver a robust video and entertainment platform to the market," said Joe Chernesky, Senior Vice President of Intellectual Property and Innovation at the Kudelski Group. "We're pleased to enter into this agreement with VEVO so that both companies can focus on further innovation in a collaborative manner."

With over 60 years of experience in pioneering innovative technologies, the Kudelski Group offers a comprehensive intellectual property licensing program that provides its customers and partners with access to many fundamental technologies, enabling them to build compelling devices, applications and services that work seamlessly together.