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 smartphones, and Guangdong Oppo Mobile Telecommunications
Corp., Ltd (OPPO), a leading Chinese smartphone OEM and electronics
manufacturer, have collaborated to reshape mobile photography with the
pioneering panorama features of OPPO N3 and OPPO R5.
FotoNation's Panorama technology was chosen to complement the
capabilities of the world's first automated swivel smartphone camera,
the OPPO N3, as well as the thinnest smartphone in the world, the OPPO
R5.
FotoNation Panorama exploits N3's motorized camera and can deliver
pictures up to 64-megapixels. The N3 camera can rotate up to 206 degrees
for panoramas, and it is equipped with the Schneider Kreuznach certified
lens build, which will raise the bar for Panorama standards.
"OPPO has proven yet again that by taking creative approaches, small
steps can be transformed into giant leaps ahead with breakthrough
technology. We are thrilled to be a part of this incredible duo of
performance driven by innovation in the OPPO N3 and OPPO R5 platforms,"
said Sumat Mehra, senior vice president of marketing and business
development at FotoNation.
"Redefining mobile photography is not an easy task, even with the
world's most innovative smartphone camera," said Jack Wong, Vice
president of investment and strategic cooperation at OPPO. "FotoNation's
flexibility and customization capabilities, coupled with its unmatched
expertise, made it our choice for the N3 and R5 platforms."
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 OPPO 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, 2013, and its Quarterly Report on Form 10-Q for the quarter
ended Sept. 30, 2014, 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.
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 we're
still the unchallenged leader in computational photography and computer
vision. Nearly 2 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 OPPO
OPPO is an international technology brand committed to designing
beautiful technology products with an open attitude. Seeking to fuse
technology and affection in all products, OPPO has been restless in the
pursuit of the latest technology, the highest hardware quality standards
and to delivering the element of positive surprise. For more
information, please visit http://en.oppo.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 FacePower
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.
TSRA-F
Tessera Technologies, Inc.
Robert Andersen, 408-321-6779
Executive
Vice President and Chief Financial Officer
or
The Piacente
Group | Investor Relations
Don Markley or Glenn Garmont,
212-481-2050
Tessera@tpg-ir.com
or
Impress
Labs
Christian Zdebel, 484-788-2384
Christian@ImpressLabs.com
Source: Tessera Technologies, Inc.
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