New partnership with Ricoh

Interesting agreement announced today by IMG, with Ricoh, the large Japanese (10/11 sales circa. US $24B) company. Another example of IMG  reaching beyond traditional semis and dealing with product manufacturers directly.

Imagination Technologies Group plc (LSE: IMG; "Imagination"), a leader in System-on-Chip Intellectual Property ("SoC IP"), has signed a license agreement with Ricoh Company, Ltd., a worldwide leader in digital office equipment and advanced document management solutions and services, for IP cores from Imagination's PowerVR family.

Under the terms of its licensing arrangements, Imagination receives license fees and royalty revenues on SoCs incorporating Imagination's IP.