Imagination Technologies Announcements

License Agreement

13 November 2008 07:00:10



RNS Number : 0453I Imagination Technologies Group PLC 13 November 2008  
?
13 November 2008

Imagination Technologies Group plc 

SiRF signs licence agreement for Imagination Technologies' multimedia IP

Imagination Technologies Group plc (LSE:IMG; "Imagination"), a leader in System-on-Chip Intellectual Property ("SoC IP"), reports that SiRF Technology Holdings, Inc. (NASDAQ:SIRF; "SiRF"), a leading provider of GPS-enabled location platforms, has licensed a number of Imagination's latest generation graphics, video and display technologies for use in its multifunction system-on-chip location platforms targeting consumer navigation products.

The agreement follows the successful collaboration between the two companies on SiRFprima, an innovative integrated location platform solution, designed for a new-generation of consumer navigation devices enabling a much richer user experience. 

Under the terms of its licensing arrangements, Imagination receives licence fees and royalty revenues on SoCs incorporating Imagination's IP. 

Kanwar Chadha, VP marketing and founder, SiRF, says: 

"SiRF is focused on delivering innovative solutions that bring the power of location to the mainstream consumers.  We are very pleased with our alliance with Imagination that enables us to enrich the consumer location experience by driving convergence of location and multimedia."

Hossein Yassaie, chief executive of Imagination, says: 

"SiRF has already transformed the market by delivering leading edge location technology combined with the best-in-class 3D and video acceleration. Customer's who have already discovered the outstanding capabilities of SiRF's multi-function SoCs will no doubt be delighted with the ongoing technology roadmap which clearly positions SiRF as an innovator and market-leader."
Enquiries

Imagination Technologies Group plc
Tel: 01923 260511
Hossein Yassaie, CEO

Trevor Selby, CFO

College Hill Associates
Tel: 020 7457 2020
Adrian Duffield/Carl Franklin
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. 
This information is provided by RNSThe company news service from the London Stock Exchange  END  MSCDGMMMVZMGRZM

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.