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SEOUL , South Korea , April 5 /PRNewswire-FirstCall/ -- The management of Pixelplus Co., Ltd. (Nasdaq: PXPL) has noted the recent announcement by MagnaChip Semiconductor regarding further developments in an ongoing dispute between the two companies over alleged patent infringement. As described in Pixelplus's Form F-1 Registration Statement filed with the U.S. Securities and Exchange Commission in December 2005 , Pixelplus and MagnaChip have been in discussions over this issue since June 2005 . In November 2005 , Pixelplus initiated cancellation proceedings at the Korea Intellectual Property Office to invalidate the disputed patents claimed by MagnaChip. Pixelplus's management continues to believe that MagnaChip's claims are without merit and will vigorously oppose them. Pixelplus will make further announcements as and when there are material developments in the dispute.
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 imagesensors for use in personal computer cameras and surveillance system applications. As a fabless semiconductor company, Pixelplus is focused oncreating proprietary design technologies to develop image sensors with sharp, colorful and enhanced image quality, size efficiency and low power consumption.Contact: Shane Y. Hong Pixelplus Co., Ltd. 5th Floor, Intellige I, KINS Tower 25-1 Jeongja-dong, Bundang-gu, Seongnam-si Gyeonggi-do 463-811, Republic of Korea +82-31-600-5300 OR Taylor Rafferty: London - Erin Gordon at +44 (0)20 7614 2900 New York - Luis Severiano at +1 212 889 4350 Seoul - Min Kim at +82 (0)2 2000 5753 Tokyo - Yuhau Lin at +81 (0)3 5733 2620 Email email@example.com
SOURCE Pixelplus Co., Ltd.
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