Genesis Microchip and Mobilygen Announce Technology Cross-Licensing and Joint Product Development Agreement

SAN JOSE, Calif.--April 28, 2006--Genesis® Microchip Inc., a world leader in the development of image processing technologies for flat-panel TVs, monitors, and other consumer display products, and Mobilygen, the leader in video codec solutions for mobile devices, today announced the companies have signed a cross-licensing and co-development agreement.

The agreement will give both companies access to each other's technologies for select markets and enables them to jointly define future products to complement existing product portfolios. In addition, Genesis has made an equity investment in Mobilygen and Elie Antoun, Genesis Microchip's president and CEO, has joined Mobilygen's board of directors.

"We are delighted to form this strategic alliance with Genesis, a leader in image and video processing technologies," said Dr. Joseph Perl, president and CEO of Mobilygen. "This alliance creates the opportunity for Mobilygen's technology to participate in new markets. With mobile devices becoming the consumer's entertainment hub, the need for high-quality image and video processing has become even more important. With Genesis's Faroudja technologies, we have access to the industry's best video processing."

"We are very pleased to enter into this agreement with Mobilygen, a forerunner in H.264 codec technology," said Elie Antoun, president and CEO of Genesis Microchip. "Mobilygen's industry-proven encoding and decoding technologies complement our strategy to develop world-class digital TV solutions for our customers."

About Mobilygen

Based in Santa Clara, Mobilygen is a privately held fabless semiconductor company. Mobilygen is a leading developer of low power H.264 compression technology. Mobilygen's patented technologies are a perfect fit for applications where video performance, video quality, and low power consumption are key differentiators. Mobilygen is backed by Kleiner, Perkins, Caufield & Byers, Redpoint Ventures, Lehman Brothers Ventures Partners, Integral Capital Partners, Cardinal Venture Capital, and VentureTech Alliance. For more information, please visit www.mobilygen.com.

About Genesis Microchip

Genesis Microchip Inc. is a leading provider of image processing systems enabling superior picture quality in flat-panel TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection® technologies and Emmy award-winning Faroudja® video technologies, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat-panel displays, digital TVs, projectors, A/V receivers and DVD players/recorders. The Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi® by Faroudja deinterlacing, TrueLife(TM) video enhancement, IntelliComb(TM) video decoding and includes over 185 patents. Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Europe, Taiwan, South Korea, China, Japan and Singapore. For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies, please visit www.gnss.com.