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Wired News – CEVA Announces Agreement with mPerpetuo; Set to Deliver Halide Support for CEVA-XM Vision Processors

Stock Monitor: SunPower Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 26, 2018 / Active-Investors.com has just released a free research report on CEVA, Inc. (NASDAQ: CEVA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CEVA as the Company's latest news hit the wire. On February 23, 2018, the Company, which is a leading signal processing platforms and artificial intelligence (AI) processors licensor, announced a partnership with mPerpetuo Inc., pursuant to which the Companies would enable Halide functionality on the CEVA-XM family of imaging and vision processors. mPerpetuo, a Bay Area-based Company, specializes in the design of imaging devices and their underlying technologies. On the same day, CEVA also announced a joint technology demonstration at Mobile World Congress 2018 in Barcelona, Spain, with Keysight Technologies, Inc. (NYSE: KEYS) ("Keysight"). The demonstration, according to the Company, would showcase the efficiency of the PentaG's AI processor and Keysight's Signal Studio to maximize data throughput by leveraging machine learning techniques. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for SunPower Corporation (NASDAQ:SPWR), which also belongs to the Technology sector as the Company CEVA, Inc. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, CEVA, Inc. most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CEVA

The Announcement

According to CEVA, Halide is a domain-specific language for imaging and vision applications developed by MIT CSAIL, and was adopted by leading technology Companies to use it in their imaging products. The language delivers abstractions that enable rapid development of highly-optimized, portable imaging applications, and is designed to make it easier to write high-performance image processing code on modern machines.

CEVA further added that the CEVA-XM family of imaging and vision processors and platforms achieved over 50 design wins to date, with many of the world's leading OEMs. The CEVA-XM processors, according to the Company, currently power computer vision and computational photography across millions of devices, including smartphones, drones, mirrorless cameras, VR headsets, and multiple other applications. CEVA anticipates that the processors would be deployed in automotive image sensors and ADAS pre-processors in the coming days.

The amalgamation of Halide on the CEVA-XM family, according to CEVA, would deliver end-customers a rapid and powerful method of expressing, prototyping, and optimizing complex vision and imaging processing pipelines. The Halide development environment would enable programmers to create software with performance that would be on-par, or exceed hand-coded assembly, or intrinsics, while achieving significantly reduced development times, and elevated code consistency and maintainability.

According to CEVA, mPerpetuo offers a full Halide language port that can generate CEVA-XM assembly code and a full runtime environment to execute those pipelines on the CEVA-XM hardware. The Company stated that these tools and technologies were crucial to develop imaging algorithms targeted at the CEVA-XM using the Halide language. Additionally, CEVA and mPerpetuo deliver a reference imaging pipeline that could be used as a basis for building custom camera acquisition, display, image processing, and vision applications across multiple frameworks.

mPerpetuo, in addition to the baseline image pipeline, also offers additional visual code generation tools to ease the process of software development with Halide, and offers consultation in optimizing and working with Halide on the CEVA-XM product family.

Company Growth Prospects

Recently, on February 06, 2018, CEVA announced its Q4 FY17 and full year FY17 results for the period ended December 31, 2017. The Company observed total revenues of $21.6 million in Q4 FY17, up 2% from $21.2 million in Q4 FY16. During the reported quarter, the Company also signed a development agreement with a leading automotive manufacturer for CEVA's NeuPro AI processor, targeting level 4 and level 5 autonomous driving systems. For the full year FY17, CEVA observed total revenues of $87.5 million, up 20% y-o-y, while the Company's annual licensing revenues advanced 35% to $42.9 million y-o-y.

Stock Performance Snapshot

February 23, 2018 - At Friday's closing bell, CEVA, Inc.'s stock climbed 2.91%, ending the trading session at $37.10.

Volume traded for the day: 107.23 thousand shares.

Stock performance in the past twelve-month period – up 4.51%

After last Friday's close, CEVA, Inc.'s market cap was at $814.20 million.

Price to Earnings (P/E) ratio was at 49.14.

The stock is part of the Technology sector, categorized under the Semiconductor - Specialized industry. This sector was up 1.9% at the end of the session.

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