Tessera Technologies (TSRA) Announces Acquisition of Pelican Imaging Assets

November 1, 2016 4:05 PM EDT

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Tessera Technologies, Inc. (Nasdaq: TSRA) announced that the Company has acquired the technology assets and substantial patent portfolio of Pelican Imaging Corporation, a privately held inventor of depth-sensing multi-camera imaging technologies for mobile, drones, automotive, and AR/VR devices. Pelican’s advanced imaging solutions provide pixel-level 3D depth information. It delivers post-capture image refocus, focus on multiple subjects, and depth measurement capabilities.

The addition of Pelican’s advanced imaging technologies will enable Tessera, through its FotoNation subsidiary, to accelerate development of new, high performance, low power computational imaging solutions for use in next generation applications and devices.

“This acquisition shows our commitment to further invest in strategically building our growing portfolio of multi-camera and smart imaging solutions,” said Tom Lacey, CEO of Tessera. “We will integrate Pelican’s advanced imaging technologies and engineering talent with FotoNation, to accelerate the development of deeper and more feature-rich solutions to capitalize on the growing demand for these technologies.”

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