Imagination Technologies Group plc (LSE: IMG; "Imagination") - a leader in System-on-Chip Intellectual Property ("SoC IP") - reports that it has signed a license agreement with a new partner, a major international consumer electronics company, for a high-performance forthcoming member of Imagination's POWERVR SGX graphics processor family.
Imagination expects that this significant agreement with the new partner will extend the reach of its POWERVR technology into another high-volume consumer device segment.
Under the terms of its licensing arrangements Imagination receives license fees, and royalty revenues on shipment of 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.imgtecplc.com.
Imagination Technologies Group plc
Hossein Yassaie, CEO
Trevor Selby, CFO
Tel: 01923 260511
College Hill Associates
Adrian Duffield/Carl Franklin
Tel: 020 7457 2020