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FORT LAUDERDALE, Fla., Dec. 13, 2005 (PRIMEZONE) -- Splinex Technology, Inc. (OTCBB:SPLX), a provider of visualization software and technology, announced today that it has signed a letter of intent to acquire EnerSoft, Inc., a privately held technology company that specializes in the development of video processing filters, signal and imaging processing and video compression technologies.
Splinex Technologies, through this merger, will gain access to EnerSoft's technologies that were developed to improve the quality of video for high definition television (HDTV), the Internet, mobile phones, digital cameras and other applications. EnerSoft's technologies, which can be embedded into next generation electronic devices, include super resolution and super precision filters for HDTV and large situation displays, "video to photo" process to create high-quality still images from video, as well as denoising, deblocking and deinterlacing filters among others. In addition, EnerSoft's intellectual property comprises unique compression technologies that improve video streaming.
"Consumers want digital video with clearer pictures and faster delivery. The industry wants to deliver this without increasing bandwidth," said Gerard Herlihy, President of Splinex Technology. "EnerSoft has developed proprietary software that we believe can significantly enhance the quality and speed of video output. With this acquisition, we'll be able to help the communications and entertainment industries enhance the end-user's multi-media experience."
EnerSoft has assembled an outstanding development team with members who have collaborated on video compression technologies and filters for companies, including Intel and Samsung. Some of their technologies are incorporated into the international standard for multimedia and compression known as MPEG-4. EnerSoft's technologies are a compilation of more than 10 years of research and development.
Completion of the transaction will be subject to various conditions, including due diligence, necessary corporate and other applicable approvals and negotiation and execution of definitive transaction agreements.