DigitalOptics Corporation™ (DOC™), a wholly owned subsidiary of Tessera Technologies, Inc. (NASDAQ: TSRA), and Lite-On Technology Corp. (TWSE: 2301) (Lite-On) announced today that they have signed an agreement to produce DOC’s mems|cam™ modules. Lite-On and DOC are working closely to ramp initial production in the fourth quarter of 2013, and add high volume capacity in 2014.
“Working with Lite-On to ramp mems|cam is critical to providing the capacity for the China market demand,” said John Thode, president of DOC. “DOC could not have a better partner than Lite-On and we will work closely with them on technical collaboration and customer engagements.”
“Lite-On is interested in providing new technology and high quality product in volume to our customers,” said TC Huang, general manager of Lite-On Portable Image Display Business Unit. “Our Chinese Smartphone customers are showing interest levels in mems|cam that make joint capacity planning for 2014 between DOC and Lite-On very important.”
The mems|cam solution delivers the fastest autofocus speed, at a fraction of the power of voice coil motor (VCM) autofocus camera modules, and are bundled with DOC’s suite of computational imaging features (such as FaceTools™). This combination of advanced hardware capabilities from mems|cam technology plus DOC’s world class imaging software will deliver camera features that Smartphone OEMs will value for differentiation.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 impact and benefits of DOC’s agreement with Lite-On for mems|cam production, initial production and high volume capacity of mems|cam production, China market demands, future collaboration with Lite-On and customer engagements, the features, benefits, characteristics and differentiated nature of DOC’s products, including mems|cam and imaging software. Material factors that may cause results to differ from the statements made include the plans or operations relating to the Company’s businesses; 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; the timing and results, which are not predictable and may vary in any individual proceeding, of any ICC ruling or award, including in the Amkor arbitration; 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 semiconductor and camera module products; 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 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; and the reliance on a limited number of suppliers for the components used in the manufacture of DOC 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, 2012, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, 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.