SAN JOSE, Calif.--(BUSINESS WIRE)--
FotoNation™ Limited, a wholly owned subsidiary of Tessera Technologies,
Inc. (NASDAQ: TSRA) and the leading provider of computational imaging
solutions for mobile phones and digital still cameras, and smartphone
maker QiKU announced that FotoNation's FotoSavvy® algorithms have
been implemented in the 360 QiKU smartphones. QiKU was created through
the collaboration between Coolpad Group Ltd., a top five smartphone
manufacturer in China, and Qihoo 360 Technology Co. Ltd. (NYSE: QIHU),
China's leading provider of Internet and mobile security products. QiKU
started to take preorders on September 1, 2015.
The companies have combined their strengths to deliver a new standard
for user experience in mobile imaging. FotoSavvy technology for both
still and video image capture, which is packed with state-of-the-art
color filters and uses the latest high dynamic range (HDR) engine,
directly addresses the needs of customers who use their smartphone as a
storytelling tool.
"Mobile camera technology is a key product differentiator for the
smartphone industry," said Mr. Li Wang, President and CEO of QiKU.
"Including FotoNation's latest innovations in computational imaging
technology in 360 QiKU smartphones has allowed us to deliver
one-of-a-kind user experience and image quality to our customers. Today,
a phone that only takes pictures is not enough. Users want to tell
stories, and 360 QiKU is helping them do just that."
"The large and rapidly evolving market of sophisticated and demanding
smartphone users in China is driving image enhancement requirements,"
said Sumat Mehra, SVP of Marketing and Business Development at
FotoNation. "Our efforts with the 360 QiKU smartphone are a key step
toward an artful and more intuitive mobile camera experience for
consumers. FotoSavvy's algorithms identify and interpret
scene-influencing factors like light, color, gender and age, while
offering state-of-the-art color filters, HDR engine and editing tools to
take the best images and videos possible."
FotoNation's face-and-eye detection and tracking technologies, already
found in 60% of tier-one smartphones around the world, represent the
foundation of the company's FotoSavvy product, which is changing the way
users experience mobile photography.
About FotoNation
FotoNation is giving life to computational imaging by merging technology
with emotion. With technology in more than 60 percent of global tier-1
smartphones, FotoNation develops technologies that serve the
computational imaging space for handsets and cameras, as well as the
automotive, surveillance, security, and augmented reality markets. We
create, innovate and deliver the next generation of computational
imaging algorithms. We engineer new ways to reach the highest possible
performance while keeping system requirements to a minimum. We have a
long history of innovating and advancing the state of the art in image
processing. More than a decade ago, we were the first to integrate a
computational imaging solution in an embedded mobile device. Today,
FotoNation remains the leader in computational photography and computer
vision. Nearly two billion digital cameras and smart devices are powered
by the imaging technologies designed by the sharp minds and passionate
hearts of FotoNation engineers. For more information visit www.fotonation.com.
About Tessera Technologies, Inc.
Tessera Technologies, Inc. and its subsidiaries generate revenue from
licensing to manufacturers and other implementers that use the Company's
technology in areas such as mobile computing and communications, memory
and data storage, and 3-D Integrated Circuit technologies. For more
information call 1.408.321.6000 or visit www.tessera.com.
Tessera, the Tessera logo, FotoNation, the FotoNation logo and LifeFocus
are trademarks or registered trademarks of affiliated companies of
Tessera Technologies, Inc. in the United States and other countries. All
other company, brand and product names may be trademarks or registered
trademarks of their respective companies.
About Qihoo 360 Technology Co. Ltd.
Qihoo 360 Technology Co. Ltd. (QIHU) is a leading Internet company in
China. The Company is also the number one provider of Internet and
mobile security products in China as measured by its user base,
according to iResearch. Qihoo 360 also provides users with secure access
points to the Internet via its market-leading web browsers and
application stores. The Company has built one of the largest open
Internet platforms in China and monetizes its massive user base
primarily through online advertising and through Internet value-added
services on its open platform.
Safe Harbor Statement
This document contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks
and uncertainties that could cause actual results to differ
significantly from those projected, particularly with respect to the
characteristics, benefits, and features of FotoNation technologies and
the use of such technologies in QiKU smartphones. Material factors that
may cause results to differ from the statements made include the plans
or operations relating to the businesses of Tessera Technologies, Inc.
(the "Company"); market or industry conditions; changes in patent laws,
regulation or enforcement, or other factors that might affect the
Company's ability to protect or realize the value of its intellectual
property; the expiration of license agreements and the cessation of
related royalty income; the failure, inability or refusal of licensees
to pay royalties; initiation, delays, setbacks or losses relating to the
Company's intellectual property or intellectual property litigations, or
invalidation or limitation of key patents; fluctuations in operating
results due to the timing of new license agreements and royalties, or
due to legal costs; the risk of a decline in demand for semiconductors
and products utilizing FotoNation technologies; failure by the industry
to use technologies covered by the Company's patents; the expiration of
the Company's patents; the Company's ability to successfully complete
and integrate acquisitions of businesses; the risk of loss of, or
decreases in production orders from, customers of acquired businesses;
financial and regulatory risks associated with the international nature
of the Company's businesses; failure of the Company's products to
achieve technological feasibility or profitability; failure to
successfully commercialize the Company's products; changes in demand for
the products of the Company's customers; limited opportunities to
license technologies due to high concentration in the markets for
semiconductors and related products and smartphone imaging; and the
impact of competing technologies on the demand for the Company's
technologies. You are cautioned not to place undue reliance on the
forward-looking statements, which speak only as of the date of this
release. The Company's filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the year ended
Dec. 31, 2014 and its Quarterly Report on Form 10-Q for the quarter
ended June 30, 2015, include more information about factors that could
affect the Company's financial results. The Company assumes no
obligation to update information contained in this press release.
Although this release may remain available on the Company's website or
elsewhere, its continued availability does not indicate that the Company
is reaffirming or confirming any of the information contained herein.
TSRA-F
View source version on businesswire.com: http://www.businesswire.com/news/home/20150902005453/en/
Tessera Company Contacts:
Tessera Technologies, Inc.
Robert
Andersen, 408-321-6779
Executive Vice President and Chief Financial
Officer
or
The Piacente Group | Investor Relations
Don
Markley, 212-481-2050
Tessera@tpg-ir.com
or
Media
Contact:
Impress Labs
Henri Viès, 650-776-9289
henri@impresslabs.com
or
Qihoo
360 Technology Co. Ltd. Contacts in China:
+86 10-5878-1574
ir@360.cn
or
Qihoo
360 Technology Co. Ltd. Contacts in the US:
The Piacente Group, Inc.
Don
Markley, 212-481-2050
qihu@tpg-ir.com
Source: Tessera Technologies, Inc.
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