SANTA CLARA, Calif., Oct. 26, 2015 /PRNewswire/ -- OmniVision Technologies Inc. (NASDAQ: OVTI), a leading developer of advanced digital imaging solutions, today announced the OV788, an ultra-low power video compression chip with integrated synchronous dynamic random access memory (SDRAM). Ideally suited for smart-home and security applications, the compact OV788 system-in-package with SDRAM (OV0788-U44G) provides small to midsize original equipment manufacturers with an easy-to-integrate and compact video processing solution that significantly reduces lead times and time to market. The OV788 system-in-package is compatible with a wide range of Internet of Things (IoT) applications such as battery operated intrusion cameras, door locks, video doorbells and 360-degree multi-cameras in smart homes.
"On a global basis, industry analysts expect 12 percent of homes to have at least one smart-home system by 2019. Furthermore, the U.S. market is forecasted to have the highest growth rate for smart homes . This equates to an estimated 224 million potential smart-home systems," said David Ho, senior product manager at OmniVision. "Sensors and video processor ASICs are vital components in visual sensing and visual data processing functions, which are essential for smart-home systems. They allow consumers to truly benefit from IoT imaging applications. The OV788's built-in memory, ease of integration, compact size, low power and fast boot-up are critical features for battery-operated smart-home appliances, and can help bolster further development of smart home IoT technologies."
The OV788 is a H.264 video processor ASIC that supports video-encoding and decoding up to 720p (1280x720) high definition (HD) at 30 frames per second (FPS), and enables still capture output of full-resolution 8-megapixel JPEG images. Additionally, the OV788 offers ultra-low power consumption and fast boot-up.
The OV0788-U44G with integrated SDRAM can fit into a compact 9 x 9 mm BGA package, and thus compares favorably to the OV788 with external memory (which fits into an 11 x 11 mm BGA package). The product is currently available for sampling, and is expected to enter volume production in the fourth quarter of 2015.
OmniVision Technologies (NASDAQ: OVTI) is a leading developer of advanced digital imaging solutions. Its award-winning CMOS imaging technology enables superior image quality in many of today's consumer and commercial applications, including mobile phones, notebooks, tablets and webcams, digital still and video cameras, security and surveillance, entertainment devices, automotive and medical imaging systems. Find out more at www.ovt.com.
Certain statements in this press release, including statements regarding the expected benefits, performance, capabilities and potential market appeal, as well as anticipated timing of mass production, of the OV788 are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OmniVision's results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV788, customer acceptance, demand and other risks detailed from time to time in OmniVision's Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision's annual report filed on Form 10-K and quarterly reports filed on Form 10-Q. OmniVision expressly disclaims any obligation to update information contained in any forward-looking statement.
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 Strategy Analytics: "2014 Smart Home Systems and Services Forecast United States", April 2014
SOURCE OmniVision Technologies, Inc.