Omnivision purchases CMOS image sensor patents from Kodak
OmniVision Technologies announced the purchase of approximately 850 image sensor-related patents and patent applications from Eastman Kodak for $65 million in a cash transaction.
OmniVision Technologies (Santa Clara, CA, USA), a developer of advanced digital imaging solutions, announced the purchase of approximately 850 image sensor-related patents and patent applications from Eastman Kodak (Rochester, NY, USA) for $65 million in a cash transaction. The transaction was completed on March 31, 2011.
“We are pleased with the opportunity to double the size of our intellectual property portfolio for CMOS image sensors and to reinforce our leadership role in the advancement of image sensor technologies and solutions,” said Shaw Hong, chief executive officer of OmniVision Technologies. “Market research projections for a number of our target markets suggest that demand for CMOS-based imaging solutions is anticipated to triple or quadruple over the next few years. This patent purchase further solidifies our commitment to technology leadership in this fast growing market.”
The purchased patent portfolio comprises approximately 850 US and foreign patents and patent applications. The intellectual property includes numerous granted patents of key CMOS technologies covering early and fundamental CMOS image sensor work; improvements on foundational architectures, including new features and functions; and next generation performance improvements, miniaturization and cost reduction technologies.
OmniVision Technologies CMOS imaging technology is found in many consumer and commercial applications, including mobile phones, notebooks, and webcams; entertainment devices; security and surveillance systems; digital still and video cameras; and automotive and medical imaging systems.
SOURCE: Omnivision Technologies
--Posted by Vision Systems Design