PRESS RELEASE STMicroelectronics Completes IP and Talent Acquisition from bTendo, a Projection-Technology Innovator Brings pioneering spirit to pico-projector technology for smart consumer devices Geneva, August 06, 2012 - STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications and the world’s top MEMS (Micro-Electro-Mechanical Systems) manufacturer1, today announced that it has taken an important additional step in its positioning in the emerging video-sharing market for smartphones and other portable consumer devices. Following a successful joint development effort with start-up bTendo, ST has acquired the intellectual property and has hired most of the staff of the Israeli company to accelerate the propagation of the technology. The development effort, which has been aimed at combining bTendo’s innovative Scanning Laser Projection engine with ST’s leading MEMS expertise, video processing know-how and semiconductor process technology, has produced evaluation samples ideally suited, because of their tiny size and low power consumption, for integration into next-generation smartphones, digital cameras and laptops. These samples are now in the hands of potential customers. Read more