DigitalOptics Corporation (DOC™), a wholly owned subsidiary of Tessera Technologies, Inc. (NASDAQ: TSRA) announced today that Guangdong Oppo Mobile Telecommunications Corp., Ltd (OPPO), a leading Chinese smartphone OEM, has placed the first mems|cam TM volume production purchase order.
The mems|cam module provides speed, power, and precision advantages compared to VCM (voice coil motor) camera modules and enables highly differentiated features when coupled with DOC’s world-class software.
“We are proud to announce that OPPO and DOC are exclusive launch partners. OPPO will be the first smartphone OEM to incorporate mems|cam products in volume,” stated John Thode, president of DigitalOptics Corporation. “OPPO has an excellent premium brand in China as demonstrated by the September 23 launch of the innovative N1 Smartphone platform. Integrating mems|cam modules into OPPO’s best-in-class smartphones will bring an exciting computational imaging user experience that further delivers on OPPO’s brand promise.”
There has been speculation on who would be the first to bring the significant benefits of mems|cam to the mobile imaging market. Last week, several technology news blogs reported that mems|cam was first being brought to market in another smartphone platform. Those reports were inaccurate.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 the features, characteristics and benefits of DOC’s mems|cam modules and software and the launch and incorporation of mems|cam modules in OPPO smartphones. Material factors that may cause results to differ from the statements made include the plans or operations relating to the businesses; market or industry conditions of Tessera Technologies, Inc. (the “Company”); 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.
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