2nd Oct 2006 07:03
Imagination Technologies Group PLC02 October 2006 2 October 2006 Imagination Technologies Group plc Imagination Technologies announces expanded multimedia collaboration with Inteland investment from Intel Capital Imagination Technologies Group plc (LSE: IMG; "Imagination") - a leader inSystem-on-Chip Intellectual Property ("SoC IP") - today announces that it hasreached a new major collaboration agreement with Intel Corporation ("Intel"),which extends the licensing and deployment of its graphics and video IP coresfor use with Intel's PC, mobile computing and consumer architectures in certainsegments. Imagination also announces an investment by Intel Capital, the venture capitalarm of Intel. Intel Capital will invest £5.28m in Imagination, subscribing for6,000,000 new ordinary shares of Imagination's share capital (representing 2.9per cent. of issued share capital prior to such issue) at a price of 88 penceper share, being the closing price on the London Stock Exchange on Friday 29September 2006. Arvind Sodhani, President of Intel Capital, says: "Intel Capital's investment recognizes the importance of graphics, video, anddisplay technologies for the PC, mobile computing and consumer markets. Thisinvestment together with the ongoing collaboration between Intel and Imaginationwill expand these capabilities bringing the benefits of enhanced graphics andvideo to customers around the world." Anand Chandrasekher, Sr. Vice President, General Manager Ultra Mobile Group -Intel, added: "Imagination has a wide range of significant and market-leading graphics andvideo IP cores, together with a team of highly respected engineers with manyyears experience of embedded multimedia. Intel highly values our collaborationwith Imagination Technologies in the development of industry-leading multimediacapabilities for future PC and consumer products." Hossein Yassaie, Chief Executive of Imagination Technologies says: "Our relationship with Intel, the world's largest semiconductor company, hasreached a new stage that will see the companies working together to enable agrowing range of Intel processors with Imagination's industry-leading graphicsand video capabilities. We are delighted to continue and extend thisrelationship with Intel for our new generation of PowerVR graphics and videocores." Under the terms of its licensing arrangements Imagination receives license feesand royalty revenues on SoCs incorporating Imagination's IP shipped by partners. Application for the new shares to be admitted to trading on the London StockExchange and the Official List of the UKLA is being made, with listing andadmission of those shares anticipated to be by the end of this week. Contact Imagination Technologies Group plc Tel: 01923 260511 Hossein Yassaie, CEOTrevor Selby, CFO College Hill Associates Tel: 020 7457 2020 Nick Elwes / Adrian Duffield About PowerVR Visual IP Cores PowerVR IP cores for graphics, video and display seamlessly integrate to enablethe design of state-of-the-art system-on-chip (SoC) solutions. The PowerVR SGX family are Imagination Technologies' next generationshader-based graphics and video technology cores. With state-of-the-art supportfor 2D and 3D acceleration PowerVR SGX has an industry-leading feature set thatexceeds OpenGL 2.0 shader and Microsoft Vertex and Pixel Shader Model 3requirements. PowerVR SGX cores also perform video/image decode and encodeprocessing for a wide-range of standards. PowerVR video cores support a wide range of compressed video formats includingMPEG-1, MPEG-2, MPEG-4, H.264, WMV, and VC-1 for single and multiple streamsfrom SD to HDTV formats. PowerVR display cores provide high-quality scaling,overlay and blending, interlace to progressive video conversion and interlaceoutput with flicker filtering. About Imagination Technologies Imagination Technologies Group plc - a leader in SoC IP - develops, licenses andsupplies market-leading graphics, video and display cores, real-timemulti-threaded DSP/RISC processors and communication and broadcast technologiesfor the mobile, consumer, automotive and PC markets. It supplies licensable IP(Intellectual Property) supported by advanced development tools to leadingsemiconductor and consumer electronics companies worldwide. ImaginationTechnologies Group plc has its corporate headquarters in the United Kingdom andis publicly traded on the London Stock Exchange (FTSE:IMG). See: www.imgtec.com About Intel Capital Intel Capital, Intel's venture capital organization, makes equity investments ininnovative technology start-ups and companies worldwide. Intel Capital investsin a broad range of companies offering hardware, software and services targetingenterprise, home, mobility, health, consumer Internet and semiconductormanufacturing. Since 1991, Intel Capital has invested more than US$4 billion inmore than 1,000 companies spanning more than 30 countries. During this time,about 160 portfolio companies have been acquired and another 150 have gonepublic on exchanges around the world. In 2005, Intel Capital invested aboutUS$265 million in about 140 deals with approximately 60 percent of fundsinvested outside the United States. For more information on Intel Capital andits differentiated advantages, visit www.intelcapital.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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