Investing.com — Pixelworks Inc (NASDAQ:PXLW) shares jumped as much as 20% in premarket trading Tuesday after the company announced a multi-year partnership and device certification agreement with Meta for virtual reality motion technology.
Under the agreement, Meta’s VR devices, including the upcoming Meta VR Glasses, will be certified to deliver TrueCut Motion graded titles. The technology is designed to provide cinematic clarity and immersive viewing experiences for consumers.
The partnership extends Pixelworks’ TrueCut Motion platform beyond premium large format theaters into consumers’ homes. The technology eliminates motion artifacts while preserving the cinematic motion characteristics of original source content.
“Our multi-year partnership with Meta and the certification of Meta’s VR devices mark a significant milestone toward our expansion of the TrueCut Motion ecosystem,” said Todd DeBonis, Chairman and CEO of Pixelworks.
The certification will allow users to experience TrueCut Motion-enhanced movies, episodic series, and immersive 3D content on Meta’s VR devices. TrueCut Motion is Pixelworks’ platform that provides filmmakers with shot-by-shot motion grading tools for post-production work.
The technology ensures creative choices are mastered into source material for delivery in premium large format theaters and mixed reality headsets. Pixelworks specializes in cinematic visualization solutions and has over 20 years of experience in image processing technology for consumer electronics, professional displays and video streaming services.
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Source: finance.yahoo.com
