GEO Semiconductor Grants eyevis License to Certain Patented eWARP Technologies

June 4, 2013, Santa Clara, CA and Reutlingen, Germany – GEO Semiconductor Inc. (GEO), a leading developer of geometric processor and H.264 CODEC IC solutions, and eyevis Gesellschafft für Projektions- und Großbildtechnik mbH (eyevis), a leader in large screen projection systems, jointly announced today that they have amicably entered into a licensing agreement.

Under undisclosed terms of the agreement, eyevis received certain license rights for GEO’s patented distortion and warping correction technologies for use in its projection products. GEO and eyevis will also pursue future collaboration and cooperation in the technology and business areas relating to the licensed patent rights.

Commenting on the agreement, Paul Russo, Chairman and CEO of GEO stated, "We are delighted that GEO's proprietary technology will augment eyevis' product offerings, as eyevis promotes their leading edge AV products in Europe and other international markets. GEO believes that its unique and highly patented eWarp technology is critical to its success, and as such is committed to ensuring that it is adequately protected.”

Heiko Schaich, CTO of eyevis stated, “As a leading company for large screen display technology, we are always looking for new technologies to enhance our technology portfolio. We are very pleased to enter into this partnership with GEO who can support us with their technology for our future developments.”

About GEO Semiconductor Inc.

GEO, with over 100 patents and patent applications, is the industry leader in programmable, high performance geometric processor ICs featuring the highly acclaimed and patented eWarp geometric processor, H.264 CODECS, as well as video, audio and human interface technologies. GEO is focused on smartphone peripherals, automotive cameras & HUDs, Cloud Cameras and Smart/Skype TV communications as well as surveillance & video communication markets. GEOs highly patented eWarp platform technology features the lowest power and silicon cost for performing unlimited pixel transformations such as de-warping wide-angle, fisheye and 360 degree video streams and enabling automated digital camera and HUD calibration. GEO’s Emmy Award winning Realta platform technology, featuring real-time processing of video algorithms in software (trillions ops/sec) enables ICs that can perform Hollywood-proven video processing in software and in real time on a single device. GEO’s leading H.264 CODEC and human interface ICs (including gestures and voice recognition) are already in volume production with over 40 customers worldwide, offering complete sophisticated software stacks for Cloud Cameras and SkypeTV. GEO’s complete software stacks allow customers to reach production in as little as six months from design start. GEO is headquartered in Santa Clara, California with offices in Bangalore (India), Cambridge (UK), Toronto (Canada) and Orlando (Florida), and sales channels around the world. www.geosemi.com.

About eyevis

eyevis is specialized in the development and production of high-quality large screen systems and guarantees a continuous further development in high-tech, quality and complete specific customer display solutions. eyevis is one of the leading suppliers and integrators of visualization systems for professional AV applications in control rooms, as well as virtual reality and simulation. Besides the rear projection units, based on the DLPTM Technology from Texas Instruments and controllers to manage multi-projection walls, eyevis is also developing intelligent software solutions to achieve a complete, unique and perfect large screen system. In addition to that, eyevis also developed products for real-time image correction (openWARP²) for professional simulation solutions. eyevis is headquartered in Reutlingen, Germany with offices and sales channels all over the world. www.eyevis.de