Monday, June 22, 2009

Zoran Corporation Settles Outstanding Litigation With DTS and Obtains Blu-ray License

SUNNYVALE, CA--(Marketwire - June 22, 2009) - Zoran Corporation (NASDAQ: ZRAN), a leading provider of digital solutions for applications in the digital entertainment and digital imaging markets, today announced that it has settled all outstanding litigation with DTS (NASDAQ: DTSI) and has obtained a license for all DTS related technologies required for Blu-ray products. Zoran expects to roll out its integrated single chip solution for Blu-ray products by the end of the year and to leverage its existing position in the DVD market to establish a leading position in the Blu-ray market. Zoran looks forward to working with DTS going forward.