Pixelplus Announces MagnaChip's Complete Withdrawal of Its Appeal on the Disputed Process Patents in Seoul High Court

SEOUL, South Korea, Nov. 17 /PRNewswire/ -- SEOUL, South Korea, Nov. 17 /PRNewswire-FirstCall/ --Pixelplus Co., Ltd. (NASDAQ: PXPL), 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various consumer electronics applications, today announced that MagnaChip Semiconductor ("MagnaChip") has completely withdrawn its appeal on the disputed process patents in Seoul High Court. Given this favorable development, the previous lower court decision by the Seoul Central District Court that Pixelplus did not infringe any of the disputed process patents asserted by MagnaChip has become final and conclusive, and MagnaChip's patent infringement claims on the process patents 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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