LONDON – Graphics and video processor intellectual property licensor Imagination Technologies Group plc has said it is seeing strong revenue growth across multiple fronts in an interim management statement for the period Nov. 1, 2011 to March 7, 2012.
The statement was issued by Imagination (Kings Langley, England) as Apple was launching its most recent version of the iPad tablet computer in which Imagination is thought to be designed-in with a quad-core PowerVR series 5 graphics processing unit.
The company said that royalty rates remain firm, that the licensing pipeline remains robust and that the company is on course to take royalties on between 300 million and 320 million units shipped in the financial year, which ends April 30.
Production versions of the first PowerVR series 6 had been shipped to lead customers and that the combination of GPUs and both encode and decode video processing cores is gaining traction, with growing interest in the comapany's PowerVR VXD decoder and PowerVR VXE encoder cores.
In addition the company said it has now received a test chip implementing Caustic ray tracing that is in the hands of developers. Imagination plans an initial engagement with the professional graphics market although in time PowerVR is expected to support Caustic ray-tracing.
The company also mentioned progress for its Ensigma communications cores and HelloSoft voice-and video-over-IP and voice-over-LTE initiatives including "strong engagement" in initial LTE network deployment.
"The demand for our technologies continues to grow strongly. They are powering the transition in several markets to "smart" devices - in particular phones, tablets, TVs and in cars, where our state-of-the-art multimedia and connectivity offering are key drivers," said Hossein Yassaie, CEO of Imagination, in the statement. "Our strategy to identify and create disruptive technologies is paying off - it is set to continue to fuel further strong progress over the next few years," he added.
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