May 11, 2011 -- 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