Jointly Developed Solutions to Enable Next
Generation of Automotive Vision Systems
FotoNation Limited, a wholly owned subsidiary of Tessera
Technologies, Inc. (NASDAQ:TSRA) and the leading provider of
computational imaging and computer vision solutions for consumer
and enterprise applications, has partnered with Kyocera Corporation
(NYSE:KYO) (TOKYO:6971) to develop advanced, intelligent, vision
solutions for automotive applications. As part of the partnership
and using FotoNation technology as a foundation, the two companies
will jointly develop advanced computer vision solutions for the
automotive market.
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Explosive Growth of Computer Vision in
Cars, Source: Techno Systems Research, Gartner, Strategy Analytics
(Graphic: Business Wire)
More stringent safety regulations and the promise of semi and
fully autonomous vehicles are creating tremendous technology
demands from automakers and automotive OEMs. By using the solutions
that are being jointly developed by FotoNation and Kyocera,
automakers and automotive OEMs will not only be able to enhance
driver and pedestrian safety, but will also be able to accelerate
the adoption of semi and fully autonomous vehicles.
Kyocera is a recognized provider of rear-view cameras systems to
the automotive industry. This experience provides Kyocera with a
deep understanding of the automotive industry’s future requirements
for vision systems. Incorporating higher levels of intelligence
into Kyocera’s camera systems will enable Kyocera to bring new,
feature-rich products such as surround view cameras to market.
“These technologies will provide a safer driving environment for
occupants and pedestrians in urban areas, by enabling cars to see
and interact with drivers,” said Norio Okuda, Manager, Kyocera.
“FotoNation is focused on delivering complex computational imaging
solutions for automotive applications, and together we will develop
technologies that will transform the future of driving.”
A pioneer in developing advanced computational imaging
algorithms, FotoNation provides best-in-class hardware accelerated
imaging solutions for a number of automotive applications including
driver monitoring systems (DMS), driver identification, surround
view, e-mirror, smart rearview cameras and 360 degree occupancy
monitoring.
“Increasing interest from the automotive industry for vision
systems to enhance vehicle safety represents an opportunity for
significant growth for FotoNation, driven mainly by adoption of our
advanced imaging systems by tier-one automotive suppliers and
OEMs,” stated Sumat Mehra, senior vice president of marketing and
business development at FotoNation. “Kyocera has a strong
reputation as a leading technology innovator, and we are pleased to
be working with them as a valued technology partner to bring these
cutting-edge vision solutions to market.”
For more information about this significant automotive market
opportunity please click here. For information about FotoNation,
please visit http://www.fotonation.com/.
About KYOCERA
Kyocera Corporation (NYSE:KYO)(TOKYO:6971)
(http://global.kyocera.com/), the parent and global headquarters of
the Kyocera Group, was founded in 1959 as a producer of fine
ceramics (also known as “advanced ceramics”). By combining
these engineered materials with metals and integrating them with
other technologies, Kyocera has become a leading supplier of
electronic components, semiconductor packages, solar power
generating systems, mobile phones, printers, copiers, cutting tools
and industrial ceramics. During the year ended March 31, 2015, the
company’s net sales totaled 1.53 trillion yen (approx. USD12.7
billion). Kyocera appears on the 2014 and 2015 listings of the “Top
100 Global Innovators” by Thomson Reuters, and is ranked #552
on Forbes magazine’s 2015 “Global 2000” listing of the
world’s largest publicly traded companies.
About FotoNation
FotoNation is giving life to computational imaging by merging
technology with emotion. With technology in more than 60% of global
tier-one 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, FotoNation remains the 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.
About Tessera Technologies, Inc.
Tessera Technologies, Inc., including its Invensas and
FotoNation subsidiaries, licenses technologies and intellectual
property to customers for use in areas such as mobile computing and
communications, memory and data storage, and 3D-IC technologies,
among others. Our technologies include semiconductor packaging and
interconnect solutions, and products and solutions for mobile and
computational imaging, including our LifeFocusTM, FaceToolsTM,
FacePowerTM, FotoSavvyTM, DigitalApertureTM, face beautification,
red-eye removal, High Dynamic Range, autofocus, panorama, and image
stabilization intellectual property. For more information, call
+1.408.321.6000 or visit www.tessera.com.
Tessera, the Tessera logo, FotoNation, the FotoNation logo,
FaceSavvy, FaceTools, FacePower, DigitalAperture, and LifeFocus 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.
Safe Harbor Statement
This press release 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 FotoNation’s partnership and joint development with
Kyocera and the characteristics, benefits, and features of
FotoNation technologies. 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, 2015 and its Quarterly Report on Form 10-Q for the quarter
ended Mar. 31, 2016, 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.
TSRA-F
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version on businesswire.com: http://www.businesswire.com/news/home/20160517006589/en/
PR Agency Contact:Zeno GroupDan Sorensen, +1
650-801-0944Dan.sorensen@zenogroup.comCompany
Contact:Tessera TechnologiesAdolph Hunter, +1
408-321-6710ahunter@tessera.comorKYOCERA CorporationKatsumi
Yuukikatsumi.yuuki.ke@kyocera.jp
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