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 devices and digital still
cameras, and Socionext Inc., a new leader in advanced System-on-Chip
design technology, are pleased to announce their close collaboration to
bring next-generation computational imaging to the surveillance,
robotics and drone markets.
With the newest evolution of Socionext's Milbeaut™ image processors, the
M8M (MB86S27), the strategic partnership of Socionext and FotoNation is
enhanced through Socionext's utilization of FotoNation's latest
generation Advanced Hardware for Image Processing (AHIP™) system, a
unique approach to computer vision and image processing. The latest
generation of AHIP achieves outstanding video image stabilization, smart
geometric correction for large field of view lenses, face detection and
recognition, and tracking results that go beyond previous performance
levels, and these features align to optimize the system requirements for
cameras. Significant advances include:
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High-accuracy, high-speed face and eye detection
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Next-generation facial recognition
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Unparalleled ability to select multiple areas of interest and obtain
simultaneous, high quality, undistorted images and videos
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Increased distance-to-subject performance
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Increased detection angle precision
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Wide-angle lens support
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Native motion detection
"Socionext's image processing capabilities make them the perfect partner
to integrate these ground breaking technologies for the growing
surveillance, robotic and drone camera markets," said Petronel Bigioi,
senior vice president and general manager at FotoNation. "Working with
Socionext to deploy our imaging technologies across various markets is
one of our top priorities. We are confident that the unmatched
performance of FotoNation's AHIP, coupled with the outstanding
performance and image quality of the Milbeaut architecture, will raise
the bar for imaging solutions."
"By offering the best combination of low power and high performance for
imaging chipsets, we are providing significant technological advances
for the surveillance, robotic and drone markets," said Mitsugu Naito,
corporate vice president at Socionext. "FotoNation's passion,
breakthroughs and proven track record of computer vision products were
key ingredients in our decision to partner with them in these rapidly
growing markets."
Safe Harbor Statement
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 and the
timing of implementation of such technologies in Socionext image
processors. 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.
About FotoNation
FotoNation is giving life to computational imaging by merging technology
with emotion. With technology in more than 60 percent of global high-end
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 Socionext Inc.
Socionext is a new, innovative enterprise that designs, develops and
delivers System-on-Chip products to customers worldwide. The company is
focused on imaging, networking and other dynamic technologies that drive
today's leading-edge applications. Socionext combines world-class
expertise, experience, and an extensive IP portfolio to provide
exceptional solutions and ensure a better quality of experience for
customers. Founded in 2015, Socionext Inc. is headquartered in Yokohama,
and has offices in Japan, Asia, United States and Europe to lead its
product development and sales activities. For more information, visit
socionext.com
About Tessera Technologies, Inc.
Tessera Technologies, Inc., including its Invensas and FotoNation
subsidiaries, generates revenue from licensing our technologies and
intellectual property to customers and others who implement it for use
in areas such as mobile computing and communications, memory and data
storage, and 3DIC technologies, among others. Our technologies include
semiconductor packaging and interconnect solutions, and products and
solutions for mobile and computational imaging, including our FaceToolsTM,
FacePowerTM, FotoSavvyTM, DigitalApertureTM,
LifeFocusTM, face beautification, red-eye removal, High
Dynamic Range, autofocus, panorama, and image stabilization intellectual
property. For more information call 1.408.321.6000 or visit www.tessera.com.
Tessera, the Tessera logo, FotoNation, the FotoNation logo, FaceSavvy,
FaceTools, FacePower, DigitalAperture, AHIP, 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.
TSRA-F
View source version on businesswire.com: http://www.businesswire.com/news/home/20151026005320/en/
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
Source: Tessera Technologies, Inc.
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