SAN JOSE, Calif.--(BUSINESS WIRE)--
Tessera Technologies, Inc. (NASDAQ:TSRA) announced today that its wholly
owned subsidiary FotoNation Limited, has introduced a new
high-performance suite of face and iris recognition biometric security
and authentication solutions for mobile platforms. Based on FotoNation's
unique deep learning neural network, and industry proven MIRLIN® Iris
recognition technologies, these new solutions deliver authentication in
the most challenging outdoor light and shade conditions, including
liveliness detection, even when the subject is wearing glasses.
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FotoNation's MIRLIN(R) Iris Recognition App (Photo: Business Wire)
With these new solutions, FotoNation delivers accurate, secure, compact,
and easy-to-integrate biometric security solutions to mobile device
manufacturers and financial institutions for a wide range of
applications including device access, device personalization, payments
and other mobile banking transactions.
Facial Recognition - By combining its latest deep learning
advances with industry-leading computational imaging algorithms,
FotoNation's face recognition solution uses existing front-view/selfie
cameras to rapidly identify the subject in various light conditions and
poses. With a False Acceptance Rate (FAR) of 1 in 10 thousand and
liveliness detection, FotoNation face recognition solution delivers
enhanced security.
Iris Recognition - Using patented MIRLIN® technology,
FotoNation's iris recognition platform delivers a unique high
performance solution for mobile devices that can accurately identify a
subject, even while wearing glasses, and functions in a wide range of
lighting conditions, including direct sunlight. With a FAR of 1 in 10
million, FotoNation iris recognition delivers enhanced reliability
without sacrificing security and is already being deployed in commercial
buildings, in multiple European airports and at military bases around
the world.
"FotoNation has a long history of delivering powerful computational
imaging solutions to the mobile market, with over 2.9 billion products
shipped to date," said Sumat Mehra, senior vice president and general
manager of FotoNation. "When FotoNation Iris and Face recognition
solutions are deployed together, enhanced, secure authentication can be
achieved with an FAR of up to 1 in 1 billion."
Development kits for FotoNation's biometrics solutions are available
now. For more information on FotoNation and its solutions, please visit www.fotonation.com.
About Tessera Technologies, Inc.
Tessera Technologies, Inc., including its Invensas and
FotoNation subsidiaries, licenses technologies and intellectual property
to customers for use in areas such as mobile computing and
communications, memory and data storage, and 3D IC technologies, among
others. Our technologies include semiconductor packaging and
interconnect solutions, and computational imaging and computer vision
products and solutions for mobile and other vision systems. For more
information call +1.408.321.6000 or visit www.tessera.com or www.fotonation.com.
Safe Harbor Statement
This press release 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.
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, 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
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PR Agency Contact:
Zeno Group
Dan Sorensen, +1 650-801-0944
Dan.sorensen@zenogroup.com
or
Company
Contact:
Tessera Technologies, Inc.
Adolph Hunter, +1
408-321-6710
ahunter@tessera.com
Source: Tessera Technologies, Inc.
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