Tessera Technologies, Inc. (NASDAQ:TSRA) ("Tessera" or the "Company") today announced that Tessera’s subsidiary, Tessera, Inc., has entered into an agreement with Qualcomm, Incorporated (“Qualcomm”) to dismiss the case of Tessera, Inc. v. Qualcomm, Inc., et al. (Case No. 4:12-CV-00692 (United States District Court for the Northern District of California)). The agreement also provides that Tessera and Qualcomm Technologies, Inc. (“QTI”) will explore potential technical collaborations concerning camera functionality and imaging performance of mobile devices.
“Having resolved this dispute, we look forward to collaborating with Qualcomm in the future. With our companies’ mutual technology capabilities and innovations there is much we can do together to produce value for the industry,” said Tom Lacey, Chief Executive Officer of Tessera Technologies, Inc.
“We are pleased that this dispute is behind us and we look forward to exploring technical collaborations with Tessera including their FotoNation technology,” said Raj Talluri, Senior Vice President of product management for QTI.