Himax Makes Strategic Investment In Emza Visual Sense - Quick Facts

(RTTNews) - Himax Technologies, Inc. (HIMX) said it has made a strategic investment in cash in exchange for a 45.1 percent equity ownership of Israel-based Emza Visual Sense Ltd., with a one-year option to acquire the remaining 54.9% of Emza's equity and all outstanding stock options. Terms of the investment were not disclosed.

If Himax elects to exercise the one-year option, the purchase price to acquire the remaining equity and all outstanding stock options of Emza includes an all-cash initial purchase amount, along with earnout payments contingent on the performance of Emza.

Emza Visual Sense is a company dedicated to the development of visual sensors that include proprietary machine-vision algorithms and specific architectures that deliver always-on visual sensing capabilities, achieving orders of magnitude improvement in power consumption.

"This strategic investment in Emza compliments our previously announced ultra low power CMOS image sensor product and initiatives in delivering turn-key solutions for 'always-on' smart camera that enables devices capable of real-time contextual awareness, such as face detection and human presence detection and motion," said Jordan Wu, CEO of Himax.