Movea sells its Gyration business unit assets to SMK-Link to meet demand
In recent months, Movea has announced design wins with a SmartMotion remote control for French IPTV provider Free and a motion-enabled, RF4CE remote control reference design from Texas Instruments. Additionally, the company has announced strategic partnerships with SMK Europe and Sunrex Technology to co-develop motion enabled products built on the MotionIC platform.
"The market has responded incredibly well to our MotionIC message,” said Sam Guilaumé, CEO of Movea. “The increased demand we’ve seen over the last 6 months showed us that it’s time to accelerate our MotionIC strategy and take it to the next level. This deal furthers our strategy and makes it possible for us to focus on our core mission to make motion sensing ubiquitous through development and promotion of MotionIC technologies.”
Movea is engaged in a range of markets including Sports, Wellness and Healthcare, and the very promising interactive TV which includes: Connected TV’s, IPTV, and advanced set-top boxes for Cable and Satellite services. Research firm DisplaySearch, in its Q4’10 Quarterly TV Design and Features Report, predicts 63 million televisions sold in 2011 will include internet connectivity, a number that DisplaySearch expects to almost double by 2014 to more than 122 million units per year.
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