Canon invests in future of digital imaging with Pixera Corporation; Canon and Pixera collaboration includes $2.4 million investment and joint product development.LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--April 22, 1997--Canon, Inc., Japan, and Pixera Corporation announced Canon's $2.4 million equity investment in Pixera, a Silicon Valley developer of next-generation digital cameras and visual communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . The relationship also enables Pixera and Canon to collaborate on future market and product development projects. Canon's investment accelerates Pixera's expansion of product development, marketing and sales in the rapidly emerging digital camera and visual communications markets. Based on unique software image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished and digital camera technologies, Pixera's products allow business users, personal users and imaging professionals to capture video and high resolution images, create professional-quality multi-media, and communicate through the Internet, e-mail, videophones and videoconferencing A real time video session between two or more users or between two or more locations. Although the first videoconferencing was done with traditional analog TV and satellites, inhouse room systems became popular in the early 1980s after Compression Labs pioneered digitized video systems . "Our relationship with a premier company like Canon gives Pixera enormous exposure and validation in the digital camera and visual communications markets," said Yugi Ide, founder, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Pixera Corporation. "With this relationship, Pixera and Canon can assist each other in developing and marketing new generations of visual communication systems." Nagao Hosono, chief of Canon, Inc.'s Partnership Strategy Group, sees the relationship as an investment in the future of digital imaging. "Canon is attracted to Pixera because of its unique digital imaging technologies and Pixera's vision for integrating visual communication systems with the personal computer. Our relationship will enable Canon and Pixera to fulfill our shared vision for visual communications." Under terms of the agreement, Canon assumes a seat on Pixera Corporation's board of directors. Pixera's board also includes directors representing previous venture investment rounds. Toshiba Corporation (company) Toshiba Corporation - A Japanese technology manufacturer with 364 subsidiaries worldwide. Toshiba makes and sells electronics for home, office, industry and health care including information and communication systems, electronic components, heavy electrical apparatus, provided first-round financing of $3.75 million to Pixera in early 1995, followed by a second round of financing led by Sippl-McDonald Ventures in mid-1996. Pixera Corporation, founded in January 1995, develops digital cameras and visual communication systems that allow business users, personal users and imaging professionals to visualize, create and communicate using the Internet, e-mail, videophones and videoconferencing. Pixera's products, available for Windows 95, Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. and Macintosh computers, feature unique technologies for high-resolution, multi-function digital cameras and software-based image processing. Pixera Corporation is headquartered at 140 Knowles Dr., Los Gatos, Calif. 95030. The company's Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is www.pixera.com . Canon Inc. is a leading manufacturer of copiers, Bubble Jet Canon's trade name for its thermal drop on demand inkjet printer technology. The ink is heated, which produces a bubble that expands and ejects the ink out of the nozzle. As the bubble cools, the vacuum created draws fresh ink back into the nozzle. and laser printers, cameras and semiconductor-manufacturing equipment. Established in 1937 as a camera manufacturer, the company has successfully diversified. In 1996, office automation products accounted for 83.6 percent of Canon's total consolidated sales of US$22.05 billion. Canon Inc.'s headquarters is located at 30-2 Shimomaruko 3-chrome, Ohta-Ku, Tokyo 146, Japan. Additional corporate information is available on the Internet at www.canon.co.jp . CONTACT: Communications West Kevin Plagman, 415/863-7220 kplagman@comwest.com |
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