Imagination Technologies Group plc (LSE:IMG; "Imagination") a leader in System-on-Chip Intellectual Property ("SoC IP") reports that Renesas Technology Corp. ("Renesas"), one of the world's leading semiconductor system solutions providers, has licensed a third member of Imagination's POWERVR SGX graphics core family under a multiple-use license arrangement. The core will be integrated into future Renesas SoCs for mobile applications.
This announcement extends the highly successful and growing relationship between the two companies. Renesas was a lead-licensee of Imagination's POWERVR MBX and POWERVR MBX Lite graphics cores which it has successfully deployed in automotive, consumer and mobile devices, shipping now in volume. Renesas subsequently licensed two members of the POWERVR SGX graphics core family, in March and October 2006.
Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on SoCs incorporating Imagination's IP shipped by partners.
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/Ben Way
Tel: 020 7457 2020