Canesta Announces Definitive Agreement to Be Acquired by Microsoft

Canesta Delivers 3-D Sensing Technology for the Application of Innovative Natural User Interfaces

SUNNYVALE, Calif.--()--Canesta, Inc. today announced that it has signed a definitive agreement to have its products, technology, intellectual property, customer contracts, and other resources acquired by the Microsoft Corporation. Canesta is a leader in 3-D sensing technology which is critical to making Natural User Interfaces (NUI) possible.

According to Jim Spare, Canesta president and CEO, “This is very exciting news for the industry. There is little question that within the next decade we will see natural user interfaces become common for input across all devices. With Microsoft’s breadth of scope from enterprise to consumer products, market presence, and commitment to NUI, we are confident that our technology will see wide adoption across many applications that embody the full potential of the technology.”

Canesta is the inventor of a leading single chip 3-D sensing technology platform and a large body of intellectual property. With 44 patents granted to date and dozens more on file, the company has made breakthroughs in many areas critical to enabling natural user interfaces broadly across many platforms. Some of these include the invention of standard CMOS 3-D sensing pixels, fundamental innovations in semiconductor device physics, mixed-signal IC chip design, optics, signal processing algorithms, and computer vision software.

No details of the agreement have been disclosed. The acquisition is expected to be completed before the end of this year.

About Canesta

Canesta (www.canesta.com) is the inventor of revolutionary, low cost electronic perception technology and leading provider of single chip CMOS 3-D sensors that fundamentally change the relationship between devices and their users. This capability makes possible true 3-D perception as input to everyday devices, rather than the widely understood 3-D representational technologies as output. Canesta’s 3-D input technology, based upon tiny, CMOS 3-D imaging chips or “sensors”, enables fine-grained, 3-dimensional depth-perception in a wide range of applications. Products based on this capability can then react on sight to the actions or motions of individuals and objects in their field of view, gaining levels of functionality and ease of use that were simply not possible in an era when such devices were blind. Canesta’s focus is on mass market consumer electronics, but many applications exist in other markets as well. Canesta is located in Sunnyvale, CA. The company has filed in excess of fifty patents, 44 of which have been granted so far.

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Contacts

Roeder-Johnson Corporation
Abigail Johnson/Paul Michelson, 650-802-1850
http://email.roeder-johnson.com

Release Summary

Canesta announced that it has signed a letter of intent to be acquired by Microsoft. This is good for the industry and for users as natural user interfaces (NUI) become common for input across devices

Contacts

Roeder-Johnson Corporation
Abigail Johnson/Paul Michelson, 650-802-1850
http://email.roeder-johnson.com