16th Nov 2006 07:01
Imagination Technologies Group PLC16 November 2006 Imagination Technologies Group plc Licensing Agreement Centrality Communications extends license with Imagination Technologies Imagination Technologies Group plc (LSE:IMG; "Imagination") - a leader inSystem-on-Chip Intellectual Property ("SoC IP") - reports that CentralityCommunications ("Centrality"), a world leader in GPS SoC, has licensed a newvideo core from Imagination. Centrality will use this technology in its futuregeneration of processors for navigation applications. Centrality has previously licensed PowerVR MBX family graphics IP for use inadvanced GPS SoC product, and has also extended this existing license. Rob Baxter, president and chief executive officer, Centrality, says: "Byintegrating GPS, media and graphics, Centrality defines the new standard infeatures and value for navigation devices. Our navigation processor familieshave been architected from the ground up for navigation infotainment and we knowthat Imagination's best-of-breed multimedia technologies will be a valuable toolas we implement the next generation." Says Hossein Yassaie, CEO, Imagination Technologies: "Centrality Communicationshas a deserved reputation for innovation and products proven in high-volumeproduction with the world's leading navigation manufacturers. We are delightedfor our market leading technologies to be a part of its future roadmap." Under the terms of its licensing arrangements Imagination receives license feesand royalty revenues on SoCs incorporating Imagination's IP shipped by partners. About Centrality Communications Centrality Communications is a fabless semiconductor company based in RedwoodCity, Calif., and with major facilities in Shanghai, Taipei, Seoul, andBrussels. Centrality's families of navigation processors deliver the newstandard in features and value for the navigation infotainment system (NIS)market. For more information, see: www.centralitynav.com. 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. 16 November 2006 Contact: Imagination Technologies Group plc Tel: 01923 260511Hossein Yassaie, CEOTrevor Selby, CFO College Hill Associates Tel: 020 7457 2020Nick Elwes / Adrian Duffield This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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