04 September 2008
Imagination Technologies Extends Relationship with International Electronics Systems Company with Significant Multi-year Licensing Deal
Imagination Technologies Group plc (LSE:IMG; "Imagination") - a leader in System-on-Chip Intellectual Property ("SoC IP") - reports that, further to its announcement on 6th July 2007 of an initial license agreement with an international electronics systems company, this company has now concluded a new multi-year, multi-use license agreement which gives it access to Imagination's wide range of current and future POWERVR graphics and video IP cores. As a result of this new agreement, it is expected that Imagination's IP cores will feature in a number of new SoCs to be used in this company's future products. Under the terms of the above licensing arrangement, Imagination will receive on-going licence fees as well as royalty revenues on SoCs incorporating Imagination's IP.
About Imagination Technologies
Imagination Technologies Group plc (FTSE:IMG) a leader in semiconductor System on Chip Intellectual Property (SoC IP) creates and licenses market-leading embedded graphics, video and display accelerators, multi-threaded processors and multi-standard receiver technologies. These IP solutions are complemented by dynamic and extensive developer and middleware ecosystems. Target markets include digital radio and audio; mobile phone multimedia; personal media players (PMP); in-car navigation and driver information; personal navigation devices (PND); Ultra Mobile PC (UMPC) and Mobile Internet Device (MID); digital TV & set-top box; and mobile TV. Its licensees include leading semiconductor and consumer electronics companies, as well as innovative leading edge start-up and fabless semiconductor companies. Imagination has corporate headquarters in the United Kingdom, with sales and R&D offices worldwide. See: www.imgtec.com.
Imagination Technologies Group plc
Hossein Yassaie, CEO
Trevor Selby, CFO
Tel: 01923 260511
College Hill Associates
Tel: 020 7457 2020