Wednesday, March 3, 2010

Jupiter to invest in GEO and license key technologies

SANTA CLARA, USA: GEO Semiconductor Inc., a leader in high performance, video and geometry processing IC solutions that enable large new markets in 2D/3D capture, display and LED LCD TV markets, has entered into a strategic partnership with Jupiter Systems.

Jupiter, a visualization company specializing in large area displays with dense information content for collaborative decision making, is making an equity investment in GEO and licensing advanced software for video processing.

GEO’s Chairman & CEO, Paul Russo, stated: “The addition of Jupiter as a strategic partner further expands our strong relationship with this worldwide supplier of visualization solutions for command and control applications. Working with Jupiter will better enable both companies to address a number of emerging markets, including 3D. In addition, Jupiter’s equity investment in our Company further demonstrates its confidence in our product roadmap and long-term growth opportunities as part of this collaboration.”

Jupiter’s CEO, Eric Wogsberg, commented: “As we expand our product portfolio, we believe that this partnership will provide Jupiter with unique access to best-in-class video processing technologies and chip-level products.”

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