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 smartphones and digital still cameras, and MEIZU, a fast-growing, top ten Chinese smartphone OEM with a strong focus on imaging in their innovative, high-end products, are pleased to announce a collaboration which brings FotoNation’s next-generation computational imaging to the new MX4 & MX4 Pro smartphone platforms.
By leveraging FotoNation’s full suite of groundbreaking imaging frameworks and features, MEIZU’s MX4 and MX4 Pro enable users to capture dynamic images and video through a simple and intuitive interface. The smartphone platforms support FotoNation’s panorama, face beautification, and other new features, which are the result of over 10 years of developing and fine-tuning computational imaging algorithms.
“The MEIZU MX4 and MX4 Pro smartphones deliver a one-of-a-kind mobile experience. We are excited to be a part of this compelling fusion of vision, software, and hardware,” said Sumat Mehra, senior vice president of marketing and business development at FotoNation.
“Our partnership with FotoNation will drive more intuitive and innovative mobile experiences for our customers globally,” said MEIZU’s Wang Wenxi, who heads camera software. “FotoNation has gone well beyond camera pixels to develop a deep understanding of the smartphone market from both the phone maker and user perspective, which is why they are our choice for the MX4 and MX4 Pro platforms.”
Safe Harbor Statement
This document 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 and the use of such technologies in MEIZU smartphones. 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, 2013, and its Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2014, 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.
FotoNation is giving life to computational imaging by merging technology with emotion. With technology in more than 60 percent of global tier-1 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.
Established in 2003 and headquartered in Zhuhai, China, MEIZU Technology Co., Ltd. expanded into the smartphone market in 2006 and has been committed to developing high-end smartphones ever since. Based on a business philosophy and commitment to pursue perfection and long-term development, MEIZU remains laser focused on developing innovative and user-friendly smartphones for consumers. With more than 1,000 employees and 700 retail stores as well as 100 patents in China, the company has built a global presence in Hong Kong, Israel, Russia, Saudi Arabia and Ukraine. MEIZU products have earned a wide range of awards dating back to its beginnings offering an MP3 player in China to emerge as a bellwether in the Chinese smartphone industry. Additional information on MEIZU smartphones is available at http://en.meizu.com/.
About Tessera Technologies, Inc.
Tessera Technologies, Inc. and its subsidiaries generate revenue from licensing to manufacturers and other implementers that use the Company's technology in areas such as mobile computing and communications, memory and data storage, and 3-D Integrated Circuit technologies. For more information call 1.408.321.6000 or visit www.tessera.com.
Tessera, the Tessera logo, FotoNation, the FotoNation logo and FacePower 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.
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