Expands Multi Camera and Smart Imaging Solutions
SAN JOSE, Calif.--(BUSINESS WIRE)--
Tessera Technologies, Inc. (Nasdaq: TSRA) ("Tessera" or the "Company")
today announced that the Company has acquired the technology assets and
substantial patent portfolio of Pelican Imaging Corporation, a privately
held inventor of depth-sensing multi-camera imaging technologies for
mobile, drones, automotive, and AR/VR devices. Pelican's advanced
imaging solutions provide pixel-level 3D depth information. It delivers
post-capture image refocus, focus on multiple subjects, and depth
measurement capabilities.
The addition of Pelican's advanced imaging technologies will enable
Tessera, through its FotoNation subsidiary, to accelerate development of
new, high performance, low power computational imaging solutions for use
in next generation applications and devices.
"This acquisition shows our commitment to further invest in
strategically building our growing portfolio of multi-camera and smart
imaging solutions," said Tom Lacey, CEO of Tessera. "We will integrate
Pelican's advanced imaging technologies and engineering talent with
FotoNation, to accelerate the development of deeper and more
feature-rich solutions to capitalize on the growing demand for these
technologies."
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.
Tessera, the Tessera logo, FotoNation, and the FotoNation logo, 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.
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
anticipated benefits and use of the assets acquired from Pelican Imaging
Corporation. Material factors that may cause results to differ from the
statements made include the plans or operations relating to the
Company's business; 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 and its Quarterly Report on Form 10-Q for the quarter
ended Sept. 30, 2016, 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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