Imagination Technologies Group Regulatory News (IMG)

13 September 2013

Imagination Technologies Group plc

MediaTek and Imagination significantly expand strategic partnership

Multi-year, multiple core agreement provides MediaTek with access to market leading graphics technologies

Imagination Technologies (LSE: IMG.L), a leading multimedia, processor, communications and cloud technologies company, has signed a further license agreement with MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions. The multi-year agreement includes multiple cores from Imagination's PowerVR Series6 'Rogue' family and beyond.

PowerVR Series6 is already enabling MediaTek to deliver products with advanced graphical features, such as OpenGL ES 3.0 support, while maintaining the low power profile essential to mobile devices. The new agreement will ensure MediaTek has access to innovative and market leading graphics technology for years to come.

Says Johan Lodenius, chief marketing officer for MediaTek:

"MediaTek is focused on providing a market-leading product range that delivers all key market requirements resulting in true end user benefits, including leading performance and an enhanced feature set, all at low power. The strengthening strategic relationship with Imagination is a significant element in our SoC roadmaps and we are pleased with this multi-year agreement which will deliver the next wave of success for both companies across key segments."

Says Imagination EVP marketing, Tony King-Smith:

"Graphics performance and efficiency, particularly in terms of optimal power consumption, are crucial to the majority of markets today, especially mobile. With wide ranging adoption of PowerVR technology MediaTek will confidently deliver a range of solutions that address those markets in a compelling way. MediaTek's SoCs are a great example of how we see our partners using their unique expertise and innovation combined with our technologies to differentiate their products."

MediaTek will deploy the technology in SoC devices targeting multiple markets across its product range.

Under the terms of its licensing arrangements Imagination receives license fees, and royalty revenues on shipment of SoCs incorporating Imagination's IP.

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About Imagination Technologies

Imagination Technologies - a global leader in multimedia, processor, communication and cloud technologies - creates and licenses market-leading processor solutions including graphics, video, vision, CPU and embedded processing, multi-standard communications, cross-platform V.VoIP and VoLTE, and cloud connectivity. These silicon and software intellectual property (IP) solutions for systems-on-chip (SoC) are complemented by an extensive portfolio of software, tools and ecosystems. Target markets include mobile phone, connected home consumer, mobile and tablet computing, in-car electronics, networking, telecoms, health, smart energy and connected sensors. Imagination's licensees include many of the world's leading semiconductor manufacturers, network operators and OEM/ODMs. Corporate headquarters are located in the United Kingdom, with sales and R&D offices worldwide. See: www.imgtec.com.