Pixelworks(R) Invests in Elemental Technologies Inc.PORTLAND, Ore. -- Elemental Technologies Inc. today announced that Pixelworks, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :PXLW), a leading provider of system-on-chip ICs for the advanced display industry, has agreed to provide seed funding Seed funding is investing capital to begin a new project, so that it has enough funds to sustain itself for a period of development until it reaches either a state where it is able to continue funding itself, or has created something in value so that it is worthy of future rounds for the company. Elemental Technologies (ETI (Embed The Internet) An earlier consortium that was devoted to putting Web servers into microcontrollers used in embedded systems. Using a Web server enables access to the device via any Web browser. See Web server and microcontroller. ) is a start-up semiconductor design company founded by three engineers, including Mike West, a Pixelworks co-founder. Elemental is focused on creating a revolutionary network-aware distributed display processing architecture. The investment by Pixelworks is providing seed capital to assist in the formation of Elemental Technologies and for funding initial research and development efforts. As part of the terms, Allen Alley, President, 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. and Chairman of Pixelworks, Inc., will hold a board observation seat. "The technology path that the Elemental Technologies team is pursuing holds promise for creating products that are complementary to our MediaProcessor ICs. Mike West has demonstrated his outstanding talent as a technical visionary who helped us build Pixelworks into a successful fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. and we have confidence that he will do it again," said Alley. Commenting on the investment, West said, "ETI is thrilled by this vote of confidence in our technology from an acknowledged leader in the 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 semiconductor market." Elemental Technologies Inc. is headquartered in Portland, Oregon and launched operations in August 2006. About Elemental Technologies, Inc. Elemental Technologies, headquartered in Portland, Oregon, is a fabless semiconductor company that will enable seamless and secure personal media access on any device over any network. The solution includes cost-effective, network-aware, multi-standard digital compression accelerators with a unique focus on unsurpassed image quality, security, and ease of use. The semiconductor devices will be ideally suited for applications in rapidly growing markets including Media Center personal computers, digital media adapters See digital media hub. , and connected digital televisions. About Pixelworks, Inc. Pixelworks, headquartered in Tualatin, Oregon Tualatin (IPA: tu ɔ lə tn̩) is a city that is a southwestern suburb of Portland, Oregon, United States. , is a leading provider of system-on-chip ICs for the advanced display industry. Pixelworks' solutions provide the intelligence for advanced televisions, multimedia projectors and flat panel monitors by processing and optimizing video and computer graphics signals to produce high quality images. Many of the world's leading manufacturers of consumer electronics and computer display products utilize Pixelworks' technology to enhance image quality and ease of use of their products. Pixelworks is a trademark of Pixelworks, Inc. All other trademarks and registration marks are the property of their respective owners. |
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