InterDigital Announces Acquisition of Sensor Processing Technology Pioneer Hillcrest Labs
2016-12-20 14:15:01.923 GMT
InterDigital Announces Acquisition of Sensor Processing Technology Pioneer
Hillcrest Labs
Rockville, MD company’s technology found in Smart TVs, gaming systems,
smartphones, virtual reality systems, consumer robots and many more devices
WILMINGTON, Del. and ROCKVILLE, Md., Dec. 20, 2016 (GLOBE NEWSWIRE) --
InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development
company, today announced the acquisition of Hillcrest Labs, a pioneer in
sensor processing technology. Terms of the transaction were not disclosed.
Hillcrest Labs was founded in 2001 by Dan Simpkins, a technology entrepreneur
with a proven track record of success. The company has innovated in the area
of Smart TV, and their Freespace® sensor processing technology has broadened
to encompass virtual reality (VR) and augmented reality (AR) systems, gaming
systems, wearable devices, smartphones, robotics and other categories.
Hillcrest Labs has won significant industry recognition, including multiple
CES Innovations Honoree awards and inclusion in PC World’s 100 Best Products.
“Hillcrest Labs is driving some of the foundational innovation in sensors and
sensor fusion, a technology that is already important today, and poised to
become pervasive in a broad range of consumer electronic products including
smartphones, AR and VR systems, wearables, and service robots, among others,”
said William J. Merritt, President and CEO of InterDigital. “Their customer
base features some of the top electronics companies worldwide, and adding them
to the InterDigital team broadens our offering for mobile devices and
accelerates our technology footprint in markets that are adjacent to our
existing position.”
“InterDigital is an excellent partner for Hillcrest Labs, providing us with
the resources and scale necessary to drive our market penetration in our
existing markets while also enhancing our ability to pursue exciting new
segments where our technology can add value,” said Dan Simpkins, Founder,
Chairman and CEO of Hillcrest Labs. “For more than a decade, Hillcrest Labs
has been a technology pioneer and market leader and today’s announcement is
the culmination of years of innovation and dedication from our remarkable
team. InterDigital’s own track record as an innovator on the global technology
stage is closely aligned with our vision and we look forward to working
together.”
Hillcrest Labs’ customers have included electronics giants like LG, Lenovo,
ZTE, Coolpad, LeEco, Sony and others. The company has also developed an
intellectual property portfolio of more than 235 granted patents and pending
applications. The Hillcrest Labs team of approximately 40 employees will
remain based in Rockville, MD as part of the InterDigital team.
