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Imagination and Apple sign new agreement

Tags: Imagination Technologies (LON:IMG), Apple (NASDAQ:AAPL)

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PRESS RELEASE

London, UK; 2nd January 2020 – Imagination Technologies (“Imagination”) announces that it has replaced the multi-year, multi-use license agreement with Apple, first announced on February 6, 2014, with a new multi-year license agreement under which Apple has access to a wider range of Imagination’s intellectual property in exchange for license fees.

About Imagination Technologies

Imagination is a UK-based company that creates silicon and software intellectual property (IP) designed to give its customers an edge in a competitive global technology market. Its graphics, compute, vision & AI, and connectivity technologies enable outstanding power, performance and area (PPA), robust security, fast time-to-market and lower total cost of ownership. Products based on Imagination IP are used by billions of people across the globe in their phones, cars, homes, and workplaces. Imagination Technologies was acquired in 2017 by Canyon Bridge, global private equity investment fund. See www.imgtec.com.

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