SANTA CLARA, Calif., — January 7, 2014 — OMNIVISION Technologies, Inc. (NASDAQ: OVTI), a leading developer of advanced digital imaging solutions, today announced the immediate availability of OV480, an electronic distortion correction solution for wide field-of-view (FOV) automotive applications. The OV480 is a low-cost, compact companion chip that supports OMNIVISION’s AutoVision sensors to deliver best-in-class electronic distortion correction and significantly enhanced low-light performance. It is currently shipping to multiple global tier-1 automotive suppliers.
The OV480 can correct lens distortion of up to 195-degrees and enable a single camera design to be used across multiple vehicle platforms, thus dramatically reducing the design and integration costs associated with rear-view and 360-degree surround view systems. It provides top-down and perspective views to offer clear imaging for specific rear-view driving functions such as trailer ball hitching. Additionally, the OV480 supports a cross-traffic view feature, which allows drivers to view traffic from both sides of the vehicle.
The OV480’s compact form factor, highly competitive price point and wide range of image enhancement features position it at the forefront of electronic distortion correction solutions for automotive vision systems.
Certain statements in this press release, including statements regarding the expected benefits, performance, capabilities, and potential market appeal, of the OV480 are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OMNIVISION’s results to differ materially, include, without limitation: potential errors, design flaws or other problems with OV480, customer acceptance, demand, and other risks detailed from time to time in OMNIVISION’s Securities and Exchange Commission filings and reports, including, but not limited to, OMNIVISION’s annual report filed on Form 10-K and quarterly reports filed on Form 10-Q. OMNIVISION expressly disclaims any obligation to update information contained in any forward-looking statement.