DigitalOptics Corporation™, a wholly owned subsidiary of Tessera Technologies, Inc. (NASDAQ: TSRA), announced that it has partnered with MMD-Monitors and Displays Taiwan Ltd. to deliver the world’s first monitor with an innovative built-in ergonomic sensor to help correct posture. In addition to the health and safety advantages, the system and software developed by DigitalOptics Corporation also enables innovative energy saving by powering down the monitor when no user presence is sensed, resulting in up to 80% savings in energy bills as compared to traditional monitors.
“We are very pleased that the system and software developed by DigitalOptics Corporation has enabled MMD to make the first ergonomic posture sensing and power savings Philips monitor a reality,” said Bob Roohparvar, president of DigitalOptics Corporation. “Our expertise in imaging, optics and systems design has helped bring the Philips ErgoSensor Monitor to market.”
“The work DigitalOptics Corporation did on the systems and software for our new Philips ErgoSensor Monitor was crucial to the success of our innovative new product,” said Mayank Christian, director of Global Product Management of Philips Monitors at MMD Taiwan. “We see our new product as the forerunner of many ergonomic devices that will help consumers maintain their health while performing their computer functions in an efficient manner.”
DigitalOptics Corporation developed the intelligent decision making software used in the Philips ErgoSensor Monitor. The monitor’s advanced detection technology uses the distance between a user’s pupils to determine if the user is sitting within the optimal ergonomic zone and, if not, how the user can adjust seating position or posture to avoid risk of inquiry.
Safe Harbor Statement
This document 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 the characteristics, benefits, features, qualities and potential of DigitalOptics Corporation’s technologies and products, including the system and software used in the Philips ErgoSensor Monitor. Material factors that may cause results to differ from the statements made include the plans or operations relating to Tessera Technologies. Inc.’s (the “Company”) businesses; market or industry conditions; the future expiration of license agreements and the cessation of related royalty income; the failure, inability or refusal of licensees to pay royalties; delays, setbacks or losses relating to the Company's intellectual property or intellectual property litigations, or any 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; 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 risk of a decline in demand for semiconductor and camera module products; failure by the industry to adopt technologies covered by the Company's patents; the future expiration of the Company's patents; the Company's ability to successfully complete and integrate acquisitions of businesses, including the pending acquisition by DigitalOptics Corporation of Flextronics's camera module business in Zhuhai, China; 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 and sell products due to high concentration in the markets for semiconductors and related products and camera modules; the impact of competing technologies on the demand for the Company's technologies and products; failure by DigitalOptics Corporation to become a vertically integrated camera module supplier; and the reliance on a limited number of suppliers for the components used in the manufacture of DigitalOptics products. 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, 2011, 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 and DigitalOptics Corporation's website or elsewhere, its continued availability does not indicate that the Company is reaffirming or confirming any of the information contained herein.