Pixelplus Announces MagnaChip's Complete Withdrawal of Its Appeals on the Disputed Process Patents in Korean Patent Court

SEOUL, South Korea, March 11 /PRNewswire/ -- SEOUL, South Korea, March 11 /PRNewswire-FirstCall/ -- Pixelplus Co., Ltd. (OTC: PXPLY.PK), a fabless semiconductor company in Korea that designs, develops, and markets CMOS image sensors for various consumer electronics applications, today announced that MagnaChip Semiconductor ("MagnaChip") completely withdrew its appeals on the disputed process patents in Korean Patent Court. Given this favorable development, the previous rulings by the Intellectual Property Tribunal of the Korea Intellectual Property Office granting Pixelplus' request to effectively cancel and invalidate the disputed process patents asserted by MagnaChip have become final and conclusive, and MagnaChip's appeals on these rulings will no longer be contested or remain at issue.

About Pixelplus Co., Ltd.

Pixelplus is a South Korea-based developer of high-performance, high-resolution, and cost-effective CMOS image sensors for use primarily in mobile camera phones. In addition to mobile phones, Pixelplus provides CMOS image sensors and SoC solutions for use in webcams and notebook embedded cameras, toys and games, and security and surveillance systems applications.

As a fabless semiconductor company, Pixelplus is focused on creating proprietary design technologies to develop CMOS image sensors with sharp, colorful and enhanced image quality, size efficiency, and low power consumption.

    Contact:

    Shane Y. Hong
    Pixelplus Co., Ltd.
    6th Floor, Gyeonggi R&DB Center
    906-5 Iui-dong, Yeongtong-gu, Suwon-si
    Gyeonggi-do, 443-766, Republic of Korea
    +82-31-888-5300

    OR

    Taylor Rafferty:
    London - Emilia Whitbread at +44 (0) 20 7614 2900
    New York - Jessica McCormick at +1 212 889 4350
    Tokyo - Jiro Kawakami at +81 (0) 3 3221 9513
    E-mail pixelplus@taylor-rafferty.com




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