DigitalOptics Corporation (DOC
), a wholly owned subsidiary of Tessera Technologies, Inc. (NASDAQ: TSRA), is pleased to announce that its mems|cam™ mobile imaging product was a winner in the third annual MEMS Technology Showcase® at the 2013 MEMS Executive Congress
. MEMS Technology Showcase is sponsored by MEMS Industry Group (MIG) and awarded each year after live presentation to recognize innovative uses of MEMS technology that enhance user experience in electronic devices.
The mems|cam system is a fully integrated smartphone camera module. At its heart is a silicon MEMS autofocus actuator which delivers speed, power, and precision advantages over the incumbent technology VCM (voice coil motor). These benefits, combined with DOC’s world-class image processing capabilities, enable a suite of highly differentiated computational imaging features that enhance user experiences. For example, DOC’s Fast Face Focus feature is more than three times faster than Apple and other leading smartphones, ensuring the user’s subject is always in focus.
“It is an honor to be recognized by the MEMS industry for commercializing an innovative application of MEMS technology,” said Eric Sigler, vice president, Product Marketing at DigitalOptics. “After many years of development and investment, and supported by DOC’s portfolio of more than 1000 patent assets, we are thrilled to deliver the advantages of MEMS technology to the mobile imaging industry.”
On October 8, DOC announced it had received the first of two production orders for mems|cam modules from its lead customer, Guangdong Oppo Mobile Telecommunications Corp., Ltd (OPPO), one of the top Chinese premium smartphone vendors.
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. 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 Sept. 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.