InterDigital Announces Acquisition of Sensor Processing Technology Pioneer Hillcrest Labs
December 20 2016 - 9:15AM
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and
development company, today announced the acquisition of Hillcrest
Labs, a pioneer in sensor processing technology. Terms of the
transaction were not disclosed.
Hillcrest Labs was founded in 2001 by Dan Simpkins, a technology
entrepreneur with a proven track record of success. The company has
innovated in the area of Smart TV, and their Freespace® sensor
processing technology has broadened to encompass virtual reality
(VR) and augmented reality (AR) systems, gaming systems, wearable
devices, smartphones, robotics and other categories. Hillcrest Labs
has won significant industry recognition, including multiple CES
Innovations Honoree awards and inclusion in PC World’s 100 Best
Products.
“Hillcrest Labs is driving some of the foundational innovation
in sensors and sensor fusion, a technology that is already
important today, and poised to become pervasive in a broad range of
consumer electronic products including smartphones, AR and VR
systems, wearables, and service robots, among others,” said William
J. Merritt, President and CEO of InterDigital. “Their customer base
features some of the top electronics companies worldwide, and
adding them to the InterDigital team broadens our offering for
mobile devices and accelerates our technology footprint in markets
that are adjacent to our existing position.”
“InterDigital is an excellent partner for Hillcrest Labs,
providing us with the resources and scale necessary to drive our
market penetration in our existing markets while also enhancing our
ability to pursue exciting new segments where our technology can
add value,” said Dan Simpkins, Founder, Chairman and CEO of
Hillcrest Labs. “For more than a decade, Hillcrest Labs has been a
technology pioneer and market leader and today’s announcement is
the culmination of years of innovation and dedication from our
remarkable team. InterDigital’s own track record as an innovator on
the global technology stage is closely aligned with our vision and
we look forward to working together.”
Hillcrest Labs’ customers have included electronics giants like
LG, Lenovo, ZTE, Coolpad, LeEco, Sony and others. The company has
also developed an intellectual property portfolio of more than 235
granted patents and pending applications. The Hillcrest Labs
team of approximately 40 employees will remain based in Rockville,
MD as part of the InterDigital team.
About InterDigital®
InterDigital develops mobile technologies that are at the core
of devices, networks, and services worldwide. We solve many of the
industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a
richer multimedia experience years ahead of market deployment.
InterDigital has licenses and strategic relationships with many of
the world's leading wireless companies. Founded in 1972,
InterDigital is listed on NASDAQ and is included in the S&P
MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
About Hillcrest Labs
Hillcrest Labs is a leading global supplier of software,
components and intellectual property to enable the intelligent use
of sensors in consumer electronics and IoT devices. Today,
Hillcrest’s products are used in the development of devices in the
virtual reality (VR), augmented reality (AR), robotics, TV and
motion remote control segments. Our proprietary and patented
Freespace® technology transforms human and machine movement into
high quality, application-ready information which enables
developers and manufacturers to create everyday products that work
with precision.
InterDigital Contact:
Patrick Van de Wille
Email: patrick.vandewille@interdigital.com
+1 (858) 210-4814
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