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SMSC Invests $2 Million in 3-D Image Sensor Provider, Canesta

Canesta’s Hands-Free, Gesture Control Technology Brings New Dimension to Accessing and Interacting with Multimedia Content

SMSC (NASDAQ: SMSC), a leading semiconductor company providing Smart Mixed-Signal Connectivity™ solutions, today announced that it has invested $2 million in Canesta, Inc., a leading provider of mass-market 3-D image sensors, which enables machines and devices to recognize and locate objects in three dimensions.

In addition, SMSC and Canesta have agreed to collaborate in the definition of 3-D camera solutions whereby SMSC can combine its advanced connectivity technologies and systems expertise with Canesta 3-D sensor devices and software to accelerate the adoption of this advanced technology. The two companies intend to create economic, integrated solutions to add 3-dimensional depth-perception to automotive, PC, TV, consumer electronics and other communications devices.

“Canesta’s unique 3-D technology combined with SMSC’s systems expertise will significantly enhance human interaction, and extend the feasibility of this technology to new applications,” said Christine King, President & CEO of SMSC. “The SMSC-Canesta collaboration is an example of how SMSC is utilizing its mixed-signal expertise and central position in the computing ecosystem to enable innovation.”

”This coming decade will see 3-D natural interfaces become mainstream,” said Jim Spare, President and CEO of Canesta. “We are pleased to partner with SMSC to provide solutions and accelerate adoption in many markets, including PCs.”

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