Himax Announces Strategic Investment in Emza Visual Sense
April 13 2017 - 8:40AM
Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today announced that it has made a
strategic investment in cash in exchange for a 45.1% equity
ownership of Emza Visual Sense Ltd. (“Emza”), with a one-year
option to acquire the remaining 54.9% of Emza’s equity and all
outstanding stock options. Purchase price to acquire the remaining
equity and all outstanding stock options of Emza if Himax elects to
exercise the one-year option includes an all-cash initial purchase
amount, along with earnout payments contingent on the performance
of Emza. Terms of the investment were not disclosed.
Emza Visual Sense Ltd. is an Israeli company
dedicated to the development of extremely efficient visual sensors
that include proprietary machine-vision algorithms and specific
architectures that deliver always-on visual sensing capabilities,
achieving orders of magnitude improvement in power consumption.
“This strategic investment in Emza compliments
our previously announced ultra low power CMOS image sensor product
and initiatives in delivering turn-key solutions for ‘always-on’
smart camera that enables devices capable of real-time contextual
awareness, such as face detection and human presence detection and
motion,” said Jordan Wu, CEO of Himax. “Together, we can transform
our AoS sensor from a simple ‘image capturing device’ to an
‘information analytics device’ that offers significantly more value
to our customers. This exciting new computer vision market demands
highly efficient sensors, algorithms, camera and processor
architectures capable of delivering extremely low power consumption
in a small form factor so that it can be easily integrated into TVs
and smartphones, as well as AR/VR, IoT, and AI devices.”
“Our partnership with Himax, who shares our
vision of sub-milliwatt always-on visual sensors, provides Emza
with access to a unique technology of ultra low-power CMOS and
semi-conductors,” said Yoram Zylberberg, CEO of Emza. “Achieving
the breakthrough of advanced computer vision at ultra low-power
consumption requires tight integration between the silicon and
algorithms. Our partnership with Himax gives us the opportunity to
efficiently achieve and commercialize these breakthroughs.”
About Emza Visual Sense
Ltd.
Emza Visual Sense Ltd. is dedicated to the
development of integrated, autonomous, miniature machine-vision
devices for automatic scene interpretation of the visual world
around us. Emza’s technology includes proprietary algorithms and
architectures that attempt to mimic what we know of how vision
challenges are solved in nature. Emza’s technology explores the
limits of what can be achieved with minimal resolution, frame rate,
processing power, power consumption and cost.
http://www.emza-vs.com
About Himax Technologies, Inc.
Himax Technologies, Inc. (HIMX) is a fabless semiconductor solution
provider dedicated to display imaging processing technologies.
Himax is a worldwide market leader in display driver ICs and timing
controllers used in TVs, laptops, monitors, mobile phones, tablets,
digital cameras, car navigation, virtual reality (VR) devices and
many other consumer electronics devices. Additionally, Himax
designs and provides controllers for touch sensor displays, in-cell
Touch and Display Driver Integration (TDDI) single-chip solutions,
LED driver ICs, power management ICs, scaler products for monitors
and projectors, tailor-made video processing IC solutions, silicon
IPs and LCOS micro-displays for augmented reality (AR) devices and
heads-up displays (HUD) for automotive. The Company also offers
digital camera solutions, including CMOS image sensors and wafer
level optics for AR devices, 3D depth scanning and machine vision,
which are used in a wide variety of applications such as mobile
phone, tablet, laptop, TV, PC camera, automobile, security, medical
devices and Internet of Things. Founded in 2001 and headquartered
in Tainan, Taiwan, Himax currently employs over 2,100 people from
three Taiwan-based offices in Tainan, Hsinchu and Taipei and
country offices in China, Korea, Japan and the US. Himax has 2,982
patents granted and 420 patents pending approval worldwide as of
March 31st, 2017. Himax has retained its position as the leading
display imaging processing semiconductor solution provider to
consumer electronics brands worldwide.
http://www.himax.com.tw
Forward Looking Statements
Factors that could cause actual events or results to differ
materially include, but not limited to, general business and
economic conditions and the state of the semiconductor industry;
market acceptance and competitiveness of the driver and non-driver
products developed by the Company; demand for end-use applications
products; reliance on a small group of principal customers; the
uncertainty of continued success in technological innovations; our
ability to develop and protect our intellectual property; pricing
pressures including declines in average selling prices; changes in
customer order patterns; changes in estimated full-year effective
tax rate; shortages in supply of key components; changes in
environmental laws and regulations; exchange rate fluctuations;
regulatory approvals for further investments in our subsidiaries;
our ability to collect accounts receivable and manage inventory and
other risks described from time to time in the Company's SEC
filings, including those risks identified in the section entitled
"Risk Factors" in its Form 20-F for the year ended December 31,
2016 filed with the SEC, as may be amended.
Company Contacts:
Yoram Zylberberg, CEOEmza Visual Sense
Ltd.Email: yoram@emza-vs.com http://www.emza-vs.com
Jackie Chang, CFOHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22300 OrUS Tel:
+1-949-585-9838 Ext.252Fax: +886-2-2314-0877Email:
jackie_chang@himax.com.twwww.himax.com.tw
Penny Lin, Investor RelationsHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22320Fax:
+886-2-2314-0877 Email:
penny_lin@himax.com.tw www.himax.com.tw
Investor Relations - US RepresentativeGreg
Falesnik, Managing DirectorMZ North AmericaTel:
+1-212-301-7130Email: greg.falesnik@mzgroup.us www.mzgroup.us
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