Lite-On and DigitalOptics Sign Contract for mems|cam™ Production

  Lite-On and DigitalOptics Sign Contract for mems|cam™ Production

Business Wire

TAIPEI, Taiwan -- August 13, 2013

DigitalOptics Corporation™ (DOC™), a wholly owned subsidiary of Tessera
Technologies, Inc. (NASDAQ: TSRA), and Lite-On Technology Corp. (TWSE: 2301)
(Lite-On) announced today that they have signed an agreement to produce DOC’s
mems|cam™ modules. Lite-On and DOC are working closely to ramp initial
production in the fourth quarter of 2013, and add high volume capacity in
2014.

“Working with Lite-On to ramp mems|cam is critical to providing the capacity
for the China market demand,” said John Thode, president of DOC. “DOC could
not have a better partner than Lite-On and we will work closely with them on
technical collaboration and customer engagements.”

“Lite-On is interested in providing new technology and high quality product in
volume to our customers,” said TC Huang, general manager of Lite-On Portable
Image Display Business Unit. “Our Chinese Smartphone customers are showing
interest levels in mems|cam that make joint capacity planning for 2014 between
DOC and Lite-On very important.”

The mems|cam solution delivers the fastest autofocus speed, at a fraction of
the power of voice coil motor (VCM) autofocus camera modules, and are bundled
with DOC’s suite of computational imaging features (such as FaceTools™). This
combination of advanced hardware capabilities from mems|cam technology plus
DOC’s world class imaging software will deliver camera features that
Smartphone OEMs will value for differentiation.

Safe Harbor Statement

This document 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 impact and benefits of DOC’s agreement with
Lite-On for mems|cam production, initial production and high volume capacity
of mems|cam production, China market demands, future collaboration with
Lite-On and customer engagements, the features, benefits, characteristics and
differentiated nature of DOC’s products, including mems|cam and imaging
software. 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 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; the risk of a decline
in demand for semiconductor and camera module products; 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; 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; 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, 2012, and its Quarterly Report on Form 10-Q for
the quarter ended June 30, 2013, 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 DigitalOptics Corporation

DigitalOptics Corporation™ (DigitalOptics or DOC™), a wholly owned subsidiary
of Tessera Technologies, Inc. (NASDAQ: TSRA), designs and manufactures
innovative imaging systems for smartphones.The company leverages its deep
expertise in optics, camera modules, MEMS and image processing to deliver
pioneering products that expand the boundaries of smartphone photography.
DOC’s mems|cam modules set the standard for camera module speed, size, power
consumption, and precision. DigitalOptics is a leader in embedded image
enhancement and computational photography algorithms, including its
FaceTools™, HDR, panorama, multi-focus, and image stabilization products.
DOC’s complementary suite of imaging solutions allows smartphone vendors to
rapidly incorporate world-class cameras so users always have high-end imaging
on hand. DigitalOptics is headquartered in San Jose, California. For more
information visit www.doc.com

Tessera, Tessera, Inc., the Tessera logo, DigitalOptics Corporation, mems|cam,
FaceTools 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.

TSRA-G

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Contact:

Company Contact:
Moriah Shilton, 408-321-6713
Sr. Director, Communications & Investor Relations
or
Press Contact:
Impress Labs
Christian Zdebel, 484-788-2384