New solutions will be showcased at CES 2017
SAN JOSE, Calif.--(BUSINESS WIRE)--
Tessera
Holding Corporation (Nasdaq: TSRA) (the "Company" or "Tessera")
today announced that its wholly owned subsidiary, FotoNation
Limited, and VeriSilicon Holdings Co., Ltd. ("VeriSilicon"), have
entered into an agreement to jointly develop a next generation image
processing platform that offers best-in-class programmability, power,
performance and area for computer vision (CV), computational imaging
(CI) and deep learning. The market-ready IP platform, named IPU 2.0,
will be available for customer license and design in the first quarter
of 2017. IPU 2.0 offers a unified programing environment and
pre-integrated imaging features for a wide range of applications across
surveillance, automotive, mobile, IoT and more.
FotoNation's hybrid imaging approach tightly coupled with VeriSilicon's
parallel computation capabilities makes IPU 2.0 the ideal platform to
deliver industry proven computer vision, computational imaging and deep
learning solutions to the market. IPU 2.0 offers differentiation via
open initiatives such as: OpenVX, OpenCL, OpenCV, Caffe and TensorFlow,
facilitating seamless, concurrent processing between computer vision,
computational imaging and deep neural networking features. The joint
technology and IP development agreement combines unique technologies
from both companies and brings to market an imaging platform preloaded
with a wide range of industry proven real-time parallel-execution
imaging features.
According to a recent report by the market intelligence firm, Tractica,
the computer vision hardware and software market is estimated to grow
from $6.6 billion in 2015 to $48.6 billion by the year 2022.1 Tractica
credits automotive, sports and entertainment, consumer, robotics and
machine vision, security and surveillance, agriculture, retail and
medical markets for growing market demand for high performance, fast and
low-power embedded vision solutions.
"With the introduction of IPU2.0, FotoNation and VeriSilicon are raising
the bar for computer vision and computational imaging technologies by
offering the best combination of programmability, power, performance and
area in the market," said Sumat Mehra, senior vice president and general
manager, FotoNation. "We have teamed up with VeriSilicon to help our OEM
and ODM customers accelerate the development and delivery of end-to-end
integrated computer vision applications and systems with our latest CV,
CI and deep learning capabilities. These new solutions fill an important
need in the market as OEMs and ODMs integrate computer vision and
advanced imaging applications across their product portfolios."
"VeriSilicon's proven and scalable vision processor core family has been
adopted by world's leading automotive and surveillance suppliers over
the years," said Weijin Dai, EVP, chief strategy officer and general
manager of the IP Division, VeriSilicon. "These highly power efficient,
scalable processors with deep learning CNN technology in a unified
programing environment unleashes great potential in an increasingly
connected world with big data analytics and artificial intelligence.
Working closely with FotoNation, we will jointly provide the total
solution to address the challenges in intelligent devices."
For more information, or to get an early preview of the FotoNation and
VeriSilicon solutions at CES, please visit the FotoNation suite
(Westgate Hotel, North Tower, Floor 23, Suite 121) or the VeriSilicon
suite (Westgate Hotel, North Tower, Floor 26, Suite 121).
About Tessera Holding Corporation
Tessera Holding Corporation is the parent company of Tessera, DTS,
FotoNation and Invensas. We are one of the world's leading product and
technology licensing companies. Our technologies and intellectual
property are deployed in areas such as premium audio, computational
imaging, computer vision, mobile computing and communications, memory,
data storage, 3D semiconductor interconnect and packaging. We invent
smart sight and sound technologies that enhance and help to transform
the human connected experience. For more information, call +1
408-321-6000 or visit www.tesseraholdingcorporation.com.
Tessera, FotoNation, and their respective logos, are trademarks or
registered trademarks of affiliated companies of Tessera Holding
Corporation 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 VeriSilicon Holdings Co. Ltd.
VeriSilicon Holdings Co., Ltd. is a Silicon Platform as a Service (SiPaaSTM)
company that provides IP-centric, platform based custom silicon
solutions and end-to-end semiconductor turnkey services for a wide range
of applications across a wide variety of end markets including mobile
internet devices, datacenters, the Internet of Things (IoT), wearable
electronics, smart homes, and automotive.
VeriSilicon's SiPaaS solutions shorten design cycle, enhance quality,
and reduce risk. The breadth and flexibility of our SiPaaS solutions
make it an attractive alternative for a variety of customer types,
including both emerging and established semiconductor companies,
Original Equipment Manufacturers (OEMs), Original Design Manufacturers
(ODMs), and large Internet platform companies.
VeriSilicon's silicon platforms include licensable Vivante GPU cores and
vision image processors, ZSP® (digital signal processor) based HD audio,
HD voice, multi-band and multi-mode wireless platforms, Hantro HD video
platforms, wearable electronics platforms, IoT platforms, mixed signal
NUI (natural user interface) platforms for voice, motion and touch
interface. VeriSilicon's custom silicon turnkey service encompasses
design service that combines its technology solutions and value-added
mixed signal IP portfolio targeted for a wide range of process
technology nodes, including advanced nodes like 28nm and 22nm FD-SOI,
FinFET and provide product engineering service for System on a Chip
(SoC) as well as System in a Package (SiP).
Founded in 2001 and headquartered in Shanghai, China, VeriSilicon has
over 600 employees with six R&D centers (China, US and Finland) and nine
sales offices worldwide.
Forward-Looking Statements
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
expected benefits of FotoNation's agreement with VeriSilicon; the
availability, characteristics, benefits and features of IPU 2.0; and the
projected growth of the computer vision hardware and software market.
Material factors that may cause results to differ from the statements
made include the plans or operations relating to the businesses of 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; 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; the impact of competing technologies on the demand
for the Company's technologies; failure to realize the anticipated
benefits of the Company's recent acquisition of DTS, Inc., including as
a result of integrating the business of DTS; pricing trends, including
the Company's ability to achieve economies of scale; the expected amount
and timing of cost savings and operating synergies; and other
developments in the markets that the Company operates, as well as
management's response to any of the aforementioned factors. You are
cautioned not to place undue reliance on the forward-looking statements,
which speak only as of the date of this release.
The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the Risk
Factors included in the Company's recent reports on Form 10-K and Form
10-Q and other documents of the Company on file with the Securities and
Exchange Commission (the "SEC"). Any forward-looking statements made or
incorporated by reference herein are qualified in their entirety by
these cautionary statements, and there can be no assurance that the
actual results or developments anticipated by the Company will be
realized or, even if substantially realized, that they will have the
expected consequences to, or effects on, the Company or its business or
operations. Except to the extent required by applicable law, the Company
undertakes no obligation to update publicly or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise.
1 "Computer Vision Technologies and Markets," Tractica, 2Q
2016
TSRA-F
View source version on businesswire.com: http://www.businesswire.com/news/home/20161220005343/en/
PR Agency Contact:
Zeno Group
Dan Sorensen, +1 650-801-0944
dan.sorensen@zenogroup.com
or
Tessera
Company Contact:
Tessera Holding Corporation
Jordan Miller, +1
818-436-1082
PR@tessera.com
or
Investor
Contact:
Tessera Holding Corporation
Geri Weinfeld, +1
818-436-1231
IR@tessera.com
or
VeriSilicon
Company Contact:
Miya Kong
miya.kong@verisilicon.com
Source: Tessera Holding Corporation
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