DigitalOptics Corporation Names James N. Chapman SVP of Sales and Marketing

  DigitalOptics Corporation Names James N. Chapman SVP of Sales and Marketing

Business Wire

SAN JOSE, Calif. -- December 10, 2012

Tessera Technologies, Inc. (NASDAQ: TSRA) (the “Company”), today announced
that its wholly owned subsidiary, DigitalOptics Corporation™ (“DOC”), has
appointed James N. “Jim” Chapman as senior vice president, sales and
marketing. Chapman will report to Robert A. Young, the Company’s president and
chief executive officer, and be responsible for DOC’s global sales and
marketing initiatives.

“Jim brings to DOC more than 30 years of executive level sales and marketing
experience,” said Young. “His platform level sales expertise and extensive
network of mobile platform contacts will be instrumental to achieving our goal
to deliver and establish our advanced MEMS autofocus technology in the mobile
phone market starting in 2013.”

Chapman, 63, previously was president and CEO of NuCORE Technology, Inc., a
multi-national developer of leading-edge digital and analog imaging devices
for digital still and video cameras. In 2007 he led the sale of NuCORE to
MediaTek Inc., a fabless semiconductor company for wireless communications and
digital multimedia solutions. He continued in a senior advisory role at
MediaTek through 2011, responsible for their Silicon Valley engagements for
the smartphone and feature phone business units. Prior to NuCORE, Chapman held
senior marketing positions at Transmeta Corporation, a developer and licensor
of semiconductor technologies and microprocessor designs, and was responsible
for worldwide sales and marketing at Cyrix Corporation, a microprocessor
developer. Prior to Cyrix, Chapman held various marketing roles at Intel
Corporation in the U.S. and Asia including director of marketing; Entry Level
Products Group.

Safe Harbor Statement

This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ significantly from those projected,
particularly with respect to the appointment of Mr. Chapman as DOC’s senior
vice president of sales and marketing, the impact of his appointment on the
Company, and DOC’s ability to deliver and proliferate its advanced MEMS
autofocus technology in the mobile phone market starting in 2013. Material
factors that may cause results to differ from the statements made include the
plans or operations relating to the Company's businesses; market or industry
conditions; changes in patent laws, regulation or enforcement, or other
factors that might affect the Company’s ability to protect or realize the
value of its intellectual property; the risk of a decline in demand for
semiconductor and camera module products; the expiration of license agreements
and the cessation of related royalty income; the failure, inability or refusal
of licensees to pay royalties; initiation, delays, setbacks or losses relating
to the Company’s intellectual property or intellectual property litigations,
or invalidation or limitation of key patents; the timing and results, which
are not predictable and may vary in any individual proceeding, of any ICC
ruling or award, including in the Amkor arbitration; fluctuations in operating
results due to the timing of new license agreements and royalties, or due to
legal costs; failure by the industry to use technologies covered by the
Company’s patents; the expiration of the Company's patents; the Company's
ability to successfully complete and integrate acquisitions of businesses,
including the integration by DOC of its recently acquired camera module
manufacturing facility in Zhuhai, China; the risk of loss of, or decreases in
production orders from, customers of acquired businesses; financial and
regulatory risks associated with the international nature of the Company’s
businesses; failure of the Company’s products to achieve technological
feasibility or profitability; failure to successfully commercialize the
Company's products; changes in demand for the products of the Company’s
customers; limited opportunities to license technologies and sell products due
to high concentration in the markets for semiconductors and related products
and camera modules; the impact of competing technologies on the demand for the
Company’s technologies and products; failure by DOC to become a vertically
integrated camera module supplier; and the reliance on a limited number of
suppliers for the components used in the manufacture of DOC products. You are
cautioned not to place undue reliance on the forward-looking statements, which
speak only as of the date of this release. The Company’s filings with the
Securities and Exchange Commission, including its Annual Report on Form 10-K
for the year ended Dec. 31, 2011, and its Quarterly Report on Form 10-Q for
the quarter ended Sept. 30, 2012, include more information about factors that
could affect the Company’s financial results. The Company assumes no
obligation to update information contained in this press release. Although
this release may remain available on the Company’s website or elsewhere, its
continued availability does not indicate that the Company is reaffirming or
confirming any of the information contained herein.

About Tessera Technologies, Inc.

Tessera Technologies, Inc. is a holding company with operating subsidiaries in
two segments: Intellectual Property and DigitalOptics. The Intellectual
Property business, comprised of engineering, licensing, account administration
and litigation teams, generates revenue from manufacturers that use its
patented ideas. Our DigitalOptics business delivers innovation in imaging and
optics with products and capabilities that enable expanded functionality in
increasingly smaller devices. Our miniaturized camera module solutions provide
cost-effective, high-quality camera features, including Micro Electro
Mechanical Systems (“MEMS”)-based autofocus, extended depth of field (“EDoF”),
zoom, image enhancement and optical image stabilization. We also offer
customized micro-optic lenses from diffractive and refractive optical elements
to integrated micro-optical subassemblies. For more information call
1.408.321.6000 or visit www.tessera.com.

About DigitalOptics Corporation

DigitalOptics Corporation, a wholly owned subsidiary of Tessera Technologies,
Inc. (NASDAQ: TSRA), delivers innovation in imaging and optics with products
and capabilities that enable expanded functionality in increasingly smaller
devices. DigitalOptics Corporation's miniaturized camera module solutions
provide cost-effective, high-quality camera features, including extended depth
of field (EDoF), zoom, image enhancement, optical image stabilization and
MEMS-based autofocus. These technologies can be applied to consumer electronic
products as well as vertical markets such as, automotive, medical and
security. The group also offers customized micro-optic lenses from diffractive
and refractive optical elements to integrated micro-optical subassemblies.
DigitalOptics Corporation is headquartered in San Jose, California. For
information call 1.408.321.6000 or go to www.doc.com.

Tessera, Tessera, Inc., the Tessera logo, DigitalOptics Corporation, and
Invensas Corporation are trademarks or registered trademarks of affiliated
companies of Tessera Technologies, Inc. in the United States and other
countries. All other company, brand and product names may be trademarks or
registered trademarks of their respective companies.

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Contact:

Tessera Technologies, Inc.
Rick Neely, 408-321-6756
Chief Financial Officer
 
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