February 7, 2008 -- Imagination Technologies Group plc (LSE:IMG; "Imagination") - a leader in System-on-Chip Intellectual Property ("SoC IP") - reports that NEC Electronics Corporation (TSE: 6723), a world-leading semiconductor company, has licensed a second member of Imagination’s POWERVR® SGX graphics core family under a multiple-use license arrangement. The core will be integrated into future NEC SoCs.
This announcement extends the highly successful and growing relationship between the two companies. In April 2006 NEC licensed Imagination’s POWERVR SGX 535 core which it is deploying in a number of devices including its NaviEngine 1 single-chip system for car navigation, announced in October 2007. The new agreement will extend the markets addressed by NEC devices incorporating POWERVR SGX.
Under the terms of its licensing arrangements Imagination receives license fees and royalty revenues on SoCs incorporating Imagination’s IP shipped by partners.About NEC Electronics
NEC Electronics Corporation (TSE: 6723) specializes in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets, system solutions for the mobile handset, PC peripherals, automotive and digital consumer markets, and platform solutions for a wide range of customer applications. NEC Electronics Corporation has 25 subsidiaries worldwide including NEC Electronics America, Inc. (www.am.necel.com
) and NEC Electronics (Europe) GmbH (www.eu.necel.com
). For additional information about NEC Electronics worldwide, visit www.necel.com
.About Imagination Technologies
Imagination Technologies Group plc is an international leader in the creation and licensing of semiconductor System-on-Chip Intellectual Property (SoC IP) and in the development and manufacture of DAB digital radios. The Group is headquartered in the United Kingdom, with sales and R&D offices worldwide.
Imagination's Technology Division (www.imgtec.com
) creates market-leading embedded graphics, video and display acceleration, multi-threaded processing and multi-standard receiver technologies, complemented by dynamic and extensive developer support programmes. These SoC IP products are licensed to a wide range of semiconductor and consumer electronics companies around the world and are being used in the following markets: digital radio and audio; mobile phone multimedia; car navigation & driver information; personal navigation; ultra mobile PC (UMPC) and mobile internet device (MID); digital TV & set top box; and mobile TV.
Imagination's PURE Digital Division (www.pure.com
) was established to develop consumer products to showcase the capabilities of Imagination's SoC IP. As a fully integrated part of the Group, PURE has become the creator and manufacturer of the world’s most popular DAB digital radios and is the number one supplier of radios in the UK.