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Multi-year licensing agreement

6th Feb 2014 07:00

RNS Number : 4118Z
Imagination Technologies Group PLC
06 February 2014
 



 

6 February 2014

 

Imagination Technologies Group plc

 

Imagination Technologies extends its multi-year licensing agreement with Apple

 

Imagination Technologies Group plc (LSE: IMG, "Imagination") announces that Apple has extended its multi-year, multi-use license agreement, which gives Apple access to Imagination's wide range of current and future PowerVR graphics and video IP cores.

 

Under the terms of the above licensing arrangement, Imagination will receive on-going license fees, and royalty revenues on shipment of SoCs (Systems on Chip) incorporating Imagination's IP.

 

Enquiries

 

Imagination Technologies Group plc

Tel: 01923 260 511

Sir Hossein Yassaie, CEO

Richard Smith, CFO

Instinctif Partners

Tel: 020 7457 2020

Adrian Duffield / Kay Larsen

 

About Imagination Technologies

 

Imagination is a global technology leader whose products touch the lives of billions of people throughout the world. The company's broad range of silicon IP (intellectual property) includes the key multimedia, communications and general purpose processors needed to create the SoCs (Systems on Chip) that power all mobile, consumer, automotive, enterprise, infrastructure, IoT and embedded electronics. These are complemented by its unique software and cloud IP and system solution focus, enabling its licensees and partners get to market quickly by creating and leveraging highly differentiated SoC platforms. Imagination's licensees include many of the world's leading semiconductor manufacturers, network operators and OEMs/ODMs who are creating some of the world's most iconic and disruptive products. See: www.imgtec.com.

 

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