DigitalOptics Corporation™, a wholly owned subsidiary of Tessera Technologies, Inc. (NASDAQ: TSRA), announced that it has licensed its Face Tracker™ facial tracking technology to Cammsys Co. Ltd., a camera module maker focused on the mobile phone market.
“Cammsys is the latest in a series of camera module makers to adopt our market leading image enhancement technology, through its license of our DigitalOptics Face Tracker technology,” said Dr. Bob Roohparvar, president, DigitalOptics Corporation. “Our expertise in imaging and optics technology will help Cammsys to offer better images with a fast, flexible, high-performance solution in its top of the line camera modules.”
“DigitalOptics’ innovative face tracking technology will add to the capabilities of our megapixel camera modules for the mobile phone market,” said Park Young Tae, president and chief executive officer, Cammsys Co. Ltd. “Our mobile device components will build on the latest advancements in image technology from DigitalOptics.”
DigitalOptics provides fast, high-performance face detection and tracking capabilities that enable the camera to select optimal settings automatically for the perfect picture. Using innovative face-oriented algorithms, the technology detects straight away the faces in the camera viewfinder, and tracks them moving through the image if the camera is rotated or subjects shift their poses. It enables a camera to automatically adjust focus, color and exposure settings, optimizing portraits even in the most challenging conditions, when subjects are backlit, off-center or over/under exposed. The technology also incorporates advanced tracking algorithms to lock and anticipate the changing position of faces allowing high quality photography when the subject is in motion.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 features, characteristics, performance and benefits of DigitalOptics Corporation’s Face Tracker facial tracking technology, and DigitalOptics Corporation’s ability to offer better images in Cammsys’ top camera modules. 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.
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