Onkyo and Imagination Announce Global Collaboration on Next-Generation Wireless Audio Systems and High Quality Audio

Onkyo and Imagination Announce Global Collaboration on Next-Generation
Wireless Audio Systems and High Quality Audio

LONDON, Feb. 28, 2014 (GLOBE NEWSWIRE) -- Imagination Technologies (IMG.L) and
Onkyo, one of the world's foremost creators of innovative home entertainment
products, announced today that they have entered an agreement to collaborate
on the next generation of wireless audio music streaming systems and the
global expansion of High Quality Audio.

Says Munenori Otsuki, president and CEO, Onkyo Corporation: "In the last
decade we have witnessed a massive increase in music consumption.
Unfortunately during this period audio quality has been lost in the rush for
convenience. The time has come to raise the bar back up. By working with
Imagination and its partners, who are at the centre of this movement, we will
aggressively expand wireless audio music streaming and High Quality Audio out
of Japan to the rest of the world." Onkyo launched Japan's most successful
High Quality Audio download platform called e-onkyo music in 2005.

Hossein Yassaie, CEO, Imagination added: "We are delighted to be working with
such a technically capable audio company as Onkyo. Imagination's Caskeid and
FlowCloud technologies are crucial to enabling both the Streaming Music and
High Quality Audio revolutions. Onkyo is a brand that can engineer and carry
these products to market. I am certain the music listening experience is going
to change through collaborations of this kind."

As part of the deal Onkyo has licensed Imagination's Caskeid and FlowCloud
technologies.

Caskeid is a technology developed by Imagination to deliver exceptionally
accurate synchronized wireless multiroom connected audio streaming. The unique
and patented Caskeid technology delivers outstanding audiophile-quality stereo
playback with less than 25µS synchronisation accuracy, providing a true 'Wi-Fi
Hi-Fi' experience that is good enough to replace wires, satisfying even the
most demanding audiophile.

Caskeid technology seamlessly delivers app content to multiple speakers using
a unique combination of Bluetooth and Wi-Fi. Users simply select their chosen
music or radio service app and send it via Bluetooth or Wi-Fi to a Caskeid
speaker. The Caskeid technology integrated into the speaker takes care of
ensuring that music is then seamlessly and synchronously sent to all the
speakers in the group. To further make Caskeid's advanced capabilities fully
accessible to all popular music and audio streaming services, a Caskeid App
Developer Kit (ADK) will enable agnostic app support over Wi-Fi for any
Caskeid speaker.

FlowCloud technology connects devices to the internet, enabling easy product
registration and updates as well as access to partner-enabled services
including FlowAudio, a cloud-based music and radio service that includes
hundreds of thousands of radio stations, on-demand programmes, podcasts and
more.

Onkyo devices based on Caskeid and FlowCloud will be compatible not only with
each other, but also with other devices based on the same technologies,
enabling users to enjoy the widest choice and best quality.

About Onkyo Corporation

Since 1946 Onkyo has been passionately committed to developing audio products
that deliver uncommon performance, quality and value. Bundling proprietary
technologies and innovations with other sound-enhancing exclusives, Onkyo
continues to create award winning products that are lauded by industry leading
audio publications. The company's philosophy is to deliver products that are
superbly designed and built to a consistently outstanding standard of
excellence. Today, Onkyo is at the forefront of the home theater and digital
revolutions. For more information about fine Onkyo products, visit
www.onkyo.com.

About Imagination Technologies

Imagination is a global technology leader whose products touch the lives of
billions of people throughout the world. The company's broad range of silicon
IP (intellectual property) includes the key multimedia, communications and
general purpose processors needed to create the SoCs (Systems on Chips) that
power all mobile, consumer, automotive, enterprise, infrastructure, IoT and
embedded electronics. These are complemented by its unique software and cloud
IP and system solution focus, enabling its licensees and partners get to
market quickly by creating and leveraging highly differentiated SoC platforms.
Imagination's licensees include many of the world's leading semiconductor
manufacturers, network operators and OEMs/ODMs who are creating some of the
world's most iconic and disruptive products. See: www.imgtec.com.

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Imagination Technologies and the Imagination Technologies logo are trademarks
of Imagination Technologies Limited and/or its affiliated group companies in
the United Kingdom and/or other countries. All other logos, products,
trademarks and registered trademarks are the property of their respective
owners.

CONTACT: Imagination Technologies' Press Contacts:
        
         UK: David Harold
         david.harold@imgtec.com
         +44 (0)1923 260 511
        
         USA: Jen Bernier-Santarini
         jen.bernier@imgtec.com
         +1 408-530-5178

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