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License Agreement

11th May 2011 07:00

RNS Number : 3284G
Imagination Technologies Group PLC
11 May 2011
 



11 May 2011

 

Imagination Technologies Group PLC

 

LG Electronics licenses Imagination Technologies' POWERVR graphics IP technologies

 

Imagination Technologies Group plc (LSE: IMG; "Imagination"), a leader in System-on-Chip Intellectual Property ("SoC IP"), has signed a license agreement with LG Electronics Inc., a leading supplier of solutions for the mobile and consumer markets, for IP cores from Imagination's POWERVR graphics family.

 

LG Electronics will deploy Imagination's technologies in SoCs targeting mobile and consumer markets.

 

Under the terms of the licence agreement Imagination receives licence fees and royalty revenues based on shipments of semiconductor products incorporating Imagination's IP.

 

About Imagination Technologies

 

Imagination Technologies Group plc (LSE:IMG), a global leader in multimedia and communication technologies, creates and licenses market-leading multimedia IP cores for graphics, video and display processing, multi-threaded embedded processing/DSP, and multi-standard communications applications. These silicon intellectual property (IP) solutions for systems-on-chip (SoC) are complemented by platform level IP and services, a strong array of software tools and drivers and extensive developer and middleware ecosystems. Target markets include mobile phone, handheld multimedia, home consumer entertainment, mobile and low-power computing, and in-car electronics. Its licensees include many of the leading semiconductor and consumer electronics companies. Imagination has corporate headquarters in the United Kingdom, with sales and R&D offices worldwide. See: www.imgtec.com

 

ENQUIRIES:

 

Imagination Technologies Group plc

Tel: 01923 260 511

Hossein Yassaie, CEO

Trevor Selby, CFO

College Hill

Tel: 020 7457 2020

Adrian Duffield/Kay Larsen

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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