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FotoNation Provides Advanced Computational Imaging Technology in nubia Z7 series Smartphone

Companies mentioned in this article: Tessera Technologies, Inc.

SAN JOSE, Calif. -- (BUSINESS WIRE) -- FotoNation Limited, a wholly owned subsidiary of Tessera Technologies, Inc. (NASDAQ:TSRA) and the leading provider of computational imaging solutions for mobile phones and digital still cameras, is pleased to announce the Z7 series as the first nubia smartphone platform to showcase the best of FotoNation’s computational imaging features. "nubia" is the premium brand of ZTE smartphone, and the Z7 series premium smartphone, with its state of the art 13-megapixel camera and optical image stabilization (OIS), is the first collaboration between the two companies following a licensing agreement with nubia for a wide range of advanced computational imaging technologies.

The nubia Z7 series includes many key features from FotoNation’s FacePower™ technology suite. FacePower analyzes facial features and characteristics with pixel level accuracy for algorithms like face beautification. FotoNation portrait enhancement goes beyond face geometry, eye shape and lip position to produce a refined, yet natural looking enhancement. As the global trend of selfies continues to explode, the nubia Z7 series provides an experience that is among the best in the premium smartphone segment for people to take pictures and share their lives digitally.

“We are proud to be nubia’s choice in delivering the next-generation camera technologies that will redefine the premium phone market both in China and at a global level,” said Sumat Mehra, VP Marketing and Business Development at FotoNation. “Seeing our technologies in action on the nubia Z7 series is simply astonishing; you really have to try it for yourself.”

“With the nubia Z7, we have taken the best ingredients in the handset space and integrated them into a premium, seamless product,” said Ni Fei, CEO of nubia. “For years now, FotoNation has set new standards in imaging technologies, which makes them an ideal partner for this remarkable 13-megapixel OIS camera.”

Safe Harbor Statement

This document contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ significantly from those projected, particularly with respect to the characteristics, benefits, and features of FotoNation technologies and the use of such technologies in nubia’s smartphones. Material factors that may cause results to differ from the statements made include the plans or operations relating to the businesses of Tessera Technologies, Inc. (the “Company”); any need to spend more cash and/or incur greater charges than anticipated in connection with the DOC restructuring, workforce reduction, facility closures and related activities; any need to undertake further restructuring activities; market or industry conditions; changes in patent laws, regulation or enforcement, or other factors that might affect the Company's ability to protect or realize the value of its intellectual property; the expiration of license agreements and the cessation of related royalty income; the failure, inability or refusal of licensees to pay royalties; initiation, delays, setbacks or losses relating to the Company's intellectual property or intellectual property litigations, or invalidation or limitation of key patents; fluctuations in operating results due to the timing of new license agreements and royalties, or due to legal costs; the risk of a decline in demand for semiconductors and products utilizing FotoNation technologies; failure by the industry to use technologies covered by the Company's patents; the expiration of the Company's patents; the Company's ability to successfully complete and integrate acquisitions of businesses; the risk of loss of, or decreases in production orders from, customers of acquired businesses; financial and regulatory risks associated with the international nature of the Company's businesses; failure of the Company's products to achieve technological feasibility or profitability; failure to successfully commercialize the Company's products; changes in demand for the products of the Company's customers; limited opportunities to license technologies due to high concentration in the markets for semiconductors and related products and smartphone imaging; and the impact of competing technologies on the demand for the Company's technologies. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. The Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended Dec. 31, 2013, and its Quarterly Report on Form 10-Q for the quarter ended Mar. 31, 2014, include more information about factors that could affect the Company's financial results. The Company assumes no obligation to update information contained in this press release. Although this release may remain available on the Company's website or elsewhere, its continued availability does not indicate that the Company is reaffirming or confirming any of the information contained herein.

About nubia

nubia is the premium brand of ZTE smartphone. It was launched in October 2012. ZTE Corporation is a globally-leading provider of telecommunications equipment and network solutions, nubia brand is independently managed and differentiated by a separate team from the ZTE brand. It mainly focuses on high-end open markets, with development around the world. nubia is favored by consumers through differentiation on concept, design, price, advertisement and service.

About FotoNation

FotoNation is giving life to computational imaging by merging technology with emotion. With technology in more than 60 percent of global tier-1 smartphones, FotoNation develops technologies that serve the computational imaging space for handsets and cameras, as well as the automotive, surveillance, security, and augmented reality markets. We create, innovate and deliver the next generation of computational imaging algorithms. We engineer new ways to reach the highest possible performance while keeping system requirements to a minimum. We have a long history of innovating and advancing the state of the art in image processing. More than a decade ago, we were the first to integrate a computational imaging solution in an embedded mobile device. Today we’re still the unchallenged leader in computational photography and computer vision. Nearly 2 billion digital cameras and smart devices are powered by the imaging technologies designed by the sharp minds and passionate hearts of FotoNation engineers. For more information visit www.fotonation.com.

About Tessera Technologies, Inc.

Tessera Technologies, Inc. and its subsidiaries generate revenue from licensing to manufacturers and other implementers that use the Company's technology in areas such as mobile computing and communications, memory and data storage, and 3-D Integrated Circuit technologies. For more information call 1.408.321.6000 or visit www.tessera.com.

Tessera, the Tessera logo, FotoNation, the FotoNation logo and FacePower are trademarks or registered trademarks of affiliated companies of Tessera Technologies, Inc. in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.

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