MOUNTAIN VIEW, Calif., Nov. 22, 2011 /PRNewswire/ -- CEVA, Inc. (NASDAQ: CEVA); (LSE: CVA), the leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores, today announced that it has made a minority equity investment, together with Mitsui & Co. Global Investment Ltd, in eyeSight Mobile Technologies, a leader in touch-free interfaces for smartphones, tablets, PCs, smart TVs and other digital devices. Under the equity investment agreement, eyeSight will offer its advanced portfolio of touch-free interface technologies, including gesture recognition and finger tracking software, to users of the CEVA-MM3000 image signal processing (ISP) and video platform. The combined offering will deliver an ultra-low power, software-based solution, enabling the cost-efficient deployment of gesture recognition technologies in mass market devices. Gideon Wertheizer, CEO of CEVA, commented: "The combination of our fully programmable CEVA-MM3000 platform together with eyeSight's industry-leading gesture technology will clearly demonstrate the versatility of our powerful, software-based ISP and video platform. This equity investment in eyeSight is aimed at expanding the addressable markets for our CEVA-MM3000 platform to include the burgeoning embedded vision and scene analysis arenas. We are strategically focused to further enhance our DSP and platform ecosystems, providing our customers with broader solutions to enable true product differentiation and to shorten their time to market." The complexity of gesture recognition applications continues to rapidly evolve and poses a significant burden on CPU performance and power consumption. By offloading the main CPU from performing advanced gesture technologies to the CEVA-MM3000, it is estimated that the system power efficiency can be improved by a factor of 20X, crucial for any battery powered device. Enabling low cost deployment for gesture applications, eyeSight leverages the existing camera in any device to enable the gesture functionality without any increase in bill-of-materials. In addition, the fully programmable nature of the CEVA-MM3000 platform facilitates future upgrades of eyeSight's technologies through software updates, and allows customers to add their own proprietary features and algorithms to the platform.
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