(Source: Business Wire)

SMSC (NASDAQ: SMSC), a leading semiconductor company providing Smart
Mixed-Signal Connectivity solutions, today announced that it has
invested $2 million in Canesta, Inc., a leading provider of mass-market
3-D image sensors, which enables machines and devices to recognize and
locate objects in three dimensions.
In addition, SMSC and Canesta have agreed to collaborate in the
definition of 3-D camera solutions whereby SMSC can combine its advanced
connectivity technologies and systems expertise with Canesta 3-D sensor
devices and software to accelerate the adoption of this advanced
technology. The two companies intend to create economic, integrated
solutions to add 3-dimensional depth-perception to automotive, PC, TV,
consumer electronics and other communications devices.
"Canesta's unique 3-D technology combined with SMSC's systems expertise
will significantly enhance human interaction, and extend the feasibility
of this technology to new applications," said Christine King, President
& CEO of SMSC. "The SMSC-Canesta collaboration is an example of how SMSC
is utilizing its mixed-signal expertise and central position in the
computing ecosystem to enable innovation."
"This coming decade will see 3-D natural interfaces become mainstream,"
said Jim Spare, President and CEO of Canesta. "We are pleased to partner
with SMSC to provide solutions and accelerate adoption in many markets,
including PCs."
Founded in 1999, Canesta focuses on delivering solutions for consumer,
security, industrial, medical, automotive, factory automation, gaming
and military markets. Canesta has invented a family of tiny CMOS 3-D
camera chips that can provide a real-time, 3-D "depth map" of the
surrounding area to PCs, TVs or videogame consoles to create 3-D user
experiences that significantly improve functionality, convenience, and
fun for the user. For the gaming market, Canesta's 3-D "CanestaVision"
camera allows developers to create applications that can repeatedly and
reliably sense body movements and gestures without any external
constraints, thereby immersing players fully in the game experience. The
technology also has application in the automotive market where active
safety systems can detect conditions in or around a vehicle so that the
driver or vehicle can take action.
About SMSC
SMSC is a leading developer of Smart Mixed-Signal Connectivity
solutions. SMSC employs a unique systems level approach that
incorporates a broad set of technologies and intellectual property to
deliver differentiating products to its customers.