Agreement Enables Alps to Become the First High Volume Manufacturer of
Wafer-Level Optics Using Tessera's OptiML™ Wafer Level Camera Technology
San Jose, Calif. - July 16, 2007 - Tessera Technologies, Inc. (Nasdaq: TSRA),
a leading provider of miniaturization technologies, and Alps Electric Co, Ltd.,
a global developer and manufacturer of electronic devices and components, today
jointly announced a new license agreement enabling Alps Electric to mass produce
and sell wafer-level optics based on Tessera's recently introduced OptiML™ wafer
level camera (WLC) technology. These wafer-level optics, referred to as Tessera's
OptiML™ WaferStack™ technology, make it possible for thousands of lenses to
be built at the same time. Tessera's approach is designed to enable smaller
size, lower cost cameras for integration in camera phones and other high volume
OptiML™ WaferStack™ technology is a critical component of Tessera's wafer level
camera solution. As a result of this agreement, image sensor manufacturers,
camera module manufacturers and others can purchase singulated lens stacks produced
in high volume from Alps Electric. Tessera's SHELLCASE® wafer level image sensor
packaging technology can be combined with Tessera's OptiML™ WaferStack™ technology
to form the key elements of a wafer level camera. OptiML™ WaferStack™ lenses
are expected to be available in the second half of 2008. Tessera's SHELLCASE®
packaging technology is currently in mass production.
"Tessera's vision is to accelerate the future of consumer electronics with
what we believe represents a revolutionary approach to developing cameras,"
said Michael Bereziuk, Executive Vice President, Product Division, Tessera.
"Alps Electric - a technology innovator for nearly 60 years - shares this vision.
Our agreement with Alps reflects our commitment to enable the supply chain required
to support our technologies. We are delighted to work with a global manufacturing
leader to bring this highly innovative solution to volume production."
"Tessera's wafer-level approach to building cameras is innovative," said Motohiro
Shimaoka, Director and General Manager, Communication Devices Division, Alps
Electric. "We are pleased to work with Tessera to help realize a wafer-level
approach to camera assembly. Our passion is to create products, with a focus
on manufacturing. We call this core value Monozukuri, and we look forward to
applying our optics expertise in bringing OptiML™ WaferStack™ technology to
About OptiML™ WaferStack™ Technology
OptiML™ WaferStack™ technology is one of the key components of Tessera's WLC
solution. Tessera's approach simplifies assembly and results in significant
cost savings for the optical component of the camera module. With minimal investment,
adopters can integrate OptiML™ WaferStacks optics into their camera modules.
Using Tessera's OptiML™ WaferStack™ technology, multiple lens wafers are aligned
and bonded at the wafer, panel or sheet level. The need for costly manual focusing
is removed due to the accuracy of the WaferStack™ process. The bonded lens wafers
are then diced into individual lens modules, and each lens module is mounted
on top of a packaged image sensor.
Tessera's OptiML™ technology family includes a broad range of technologies,
including wafer level packaging, wafer level lenses and advanced focus and optical
zoom, achieved with no moving parts. Tessera is licensing its OptiML™ technologies
separately and/or as a suite of integrated solutions.
About Alps Electric Co, Ltd
Alps Electric is a leading global manufacturer of electronic devices, supplying
over 40,000 different components to about 2,000 companies all over the world.
You won't often see our products, but they play vital roles in many products
you use everyday. Alps Electric creates new values that satisfy stakeholders
and are friendly to the earth. www.alps.com.
About Tessera Technologies, Inc.
Tessera is a leading provider of miniaturization technologies for the electronics
industry. Tessera provides a broad range of advanced packaging, interconnect,
and consumer optics solutions which are widely adopted in high-growth markets
including consumer, computing, communications, medical and defense electronics.
Tessera's customers include the world's top semiconductor companies such as
Intel, Samsung, Texas Instruments, Toshiba, Micron and Infineon. The company's
stock is traded on the Nasdaq National Market under the symbol TSRA. Tessera
is headquartered in San Jose, California. www.tessera.com.
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. Material
factors that may cause results to differ from the statements made include delays,
setbacks or losses relating to our intellectual property or intellectual property
litigations, or any invalidation or limitation of our key patents; fluctuations
in our operating results due to the timing of new license agreements and royalties,
or due to legal costs; changes in patent laws, regulation or enforcement, or
other factors that might affect our ability to protect our intellectual property;
the risk of a decline in demand for semiconductor products; failure by the industry
to adopt our technologies; competing technologies; the future expiration of
our patents; the future expiration of our license agreements and the cessation
of related royalty income; the failure or refusal of licensees to pay royalties;
failure to achieve the growth prospects and synergies expected from acquisition
transactions; and delays and challenges associated with integrating acquired
companies with our existing businesses. You are cautioned not to place undue
reliance on the forward-looking statements, which speak only as of the date
of this release. Tessera's filings with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended December 31, 2006,
and its Quarterly Report on Form 10-Q filed for the quarter ended March 31,
2007 include more information about factors that could affect the company's
Note: Tessera, the Tessera logo and SHELLCASE are registered trademarks and
OptiML™ (also known as OptiìL™) are trademarks of Tessera. All other company,
brand and product names may be trademarks or registered trademarks of their
Joyce Smaragdis, +1-408-952-4317
Rie Ando, +81-3-5499-8001