March 2, 2007 -- Imagination Technologies Group plc – a leader in System-on-Chip Intellectual Property ("SoC IP") announces the opening of its first development centre outside the UK.
Says Hossein Yassaie, CEO, Imagination Technologies: “The Imagination Technologies Pune team is all set to play a significant role in our vision of having our technology in every key consumer electronics platform. These are exciting times for the emerging Indian Semiconductor Industry as per the recently announced government policy for the sector. I believe India is also now poised to not only become a significant market for the consumption of electronics goods but also a major designer and producer of these goods and, given our track record of innovation, we look forward to being an active participant in this process.”
Neil Salvi, Chairman, Imagination Technologies India Pvt Ltd. adds: “The importance of the Pune development centre is clearly reflected by the attendance of key members of the UK management team, including Hossein Yassaie CEO, John Metcalfe COO and Trevor Selby CFO at this opening. I believe that the professionals at our Pune centre will have an unparalleled insight into the technologies and products of tomorrow as they are being conceived.”
About Imagination Technologies
Imagination Technologies Group plc – a leader in SoC IP – develops, licenses and supplies market-leading graphics, video and display cores, real-time multi-threaded DSP/RISC processors and communication and broadcast technologies for the mobile, consumer, automotive and PC markets. It supplies licensable IP (Intellectual Property) supported by advanced development tools to leading semiconductor and consumer electronics companies worldwide. Imagination Technologies Group plc has its corporate headquarters in the United Kingdom and is publicly traded on the London Stock Exchange (FTSE:IMG). See: www.imgtec.com.
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