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Zoran Corporation Settles Outstanding Litigation With DTS and Obtains Blu-ray License
(Market Wire Via Acquire Media NewsEdge) SUNNYVALE, CA -- (MARKET WIRE) -- 06/22/09 --
Zoran Corporation (NASDAQ: ZRAN), a leading
provider of digital solutions for applications in the digital entertainment
and digital imaging markets, today announced that it has settled all
outstanding litigation with DTS and has obtained a license for all DTS
related technologies required for Blu-ray products.
Zoran expects to roll out its integrated single chip solution for Blu-ray
products by the end of the year and to leverage its existing position in
the DVD market to establish a leading position in the Blu-ray market.
Zoran looks forward to working with DTS going forward.
About Zoran
Zoran Corporation, based in Sunnyvale, California, is a leading provider of
digital solutions for applications in the digital entertainment and digital
imaging markets. With two decades of expertise developing and delivering
digital signal processing technologies, Zoran has pioneered
high-performance digital audio and video, imaging applications, and Connect
Share Entertain(TM) technologies for the digital home. Zoran's proficiency
in integration delivers major benefits for OEM customers, including greater
capabilities within each product generation, reduced system costs, and
shorter time to market. Zoran-based DTV, set-top box, DVD, digital camera,
multimedia mobile phone, and multifunction printer products have received
recognition for excellence and are now in hundreds of millions of homes and
offices worldwide. With headquarters in the U.S. and additional operations
in China, England, France, India, Israel, Japan, Korea and Taiwan, Zoran
may be contacted on the World Wide Web at www.zoran.com or at 408-523-6500.
Zoran Corporation:
Karl Schneider
Chief Financial Officer
(408) 523-6500
Email Contact
Bonnie McBride (Investors)
(415) 454-8898
Email Contact
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