Market Overview

DENSO and FotoNation to Collaborate on Image Recognition Technology

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Enhancing the development of next-generation Driver Status Monitor
leveraging facial image recognition, and neural network technologies

DENSO Corporation, one of the world's largest automotive technology,
systems and components suppliers, and Xperi Corporation (NASDAQ:XPERI),
a Silicon Valley-based technology company, today announced DENSO will
start joint technology development of cabin sensing with FotoNation, an
Xperi group company specializing in image recognition technologies. The
partnership will help DENSO significantly improve the performance of its
Driver Status Monitor, an active safety product currently used in
commercial vehicles. Improvements of such products also will accelerate
the development of next-generation products to be used in passenger
vehicles, including a system to help drivers return to driving mode
during Level 3 of autonomous drive.

This collaboration will combine DENSO's accumulated experience in
improving the robustness of cabin sensing innovations and FotoNation's
sophisticated facial image recognition and neural network technologies.
By combining technologies of the two companies, DENSO will be able to
achieve the world's most sophisticated driver status detection, which
will not be affected by differences between individual faces, or by
sunglasses, masks, and other facial coverings, in the vehicle cabin
where environmental light changes dramatically.

Since 2014, DENSO has provided a Driver Status Monitor for heavy trucks
and large sightseeing buses. This advanced safety product uses a cabin
camera to capture images of the driver and computer vision technology to
detect the driver's face angle to determine the level of drowsiness.
Using its proprietary algorithm to carefully analyze the driver's eye
blinking, DENSO's driver status monitor can detect driver drowsiness and
alert the driver when it judges the driver is distracted or falling
asleep at the wheel, to help prevent traffic accidents.

With its superior technologies, FotoNation has led computer imaging
solutions integration for more than 10 years. FotoNation has maintained
market leadership in the mobile image recognition segment and its
technologies are installed in various devices such as mobile phones,
digital cameras, drones and security cameras, with approximately 25
percent of world's smartphones using its image recognition technology.

"Understanding the status of the driver and engaging them at the right
time is an important component for enabling the future of autonomous
driving," said Yukihiro Kato, senior executive director, Information &
Safety Systems Business Group of DENSO. "I believe this collaboration
with Xperi will help accelerate our innovative ADAS product development
by bringing together the unique expertise of both our companies."

"We are excited to partner with DENSO to innovate in such a dynamic
field," said Jon Kirchner, CEO of Xperi Corporation. "This partnership
will play a significant role in paving the way to the ultimate goal of
safer roadways through use of our imaging and facial analytics
technologies and DENSO's vast experience in the space."

Using FotoNation's facial image recognition and neural networks
technologies, detection accuracy will be increased remarkably by
detecting much more features instead of using the conventional detection
method based on the relative positions of the eyes, nose, mouth, and
other facial regions. Moreover, DENSO will develop new functions, such
as those to detect the driver's gaze direction and facial expressions
more accurately, to understand the state of mind of the driver in order
to help create more comfortable vehicles.

DENSO will exhibit a prototype next-generation driver status monitor at
the Tokyo Motor Show from October 27 to November 5, 2017.

About DENSO Corporation
DENSO Corp., headquartered in
Kariya, Aichi prefecture, Japan, is a leading global automotive supplier
of advanced technology, systems and components in the areas of thermal,
powertrain control, electronics and information and safety. Its
customers include all the world's major carmakers. Worldwide, the
company has more than 200 subsidiaries and affiliates in 38 countries
and regions (including Japan) and employs more than 150,000 people.
Consolidated global sales for the fiscal year ending March 31, 2017,
totaled US$40.4 billion. Last fiscal year, DENSO spent 9.0 percent of
its global consolidated sales on research and development. DENSO common
stock is traded on the Tokyo and Nagoya stock exchanges. For more
information, go to www.denso.com,
or visit our media website at www.denso.com/global/en/news/media-center.

About Xperi Corporation
Xperi Corporation (NASDAQ:XPER) and
its brands, DTS, FotoNation, HD Radio, Invensas and Tessera, are
dedicated to creating innovative technology solutions that enable
extraordinary experiences for people around the world. Xperi's solutions
are licensed by hundreds of leading global partners and have shipped in
billions of products in areas including premium audio, broadcast,
automotive, computational imaging, computer vision, mobile computing and
communications, memory, data storage, and 3D semiconductor interconnect
and packaging. For more information, please call 408-321-6000 or visit www.xperi.com.

DTS, Xperi and their respective logos are trademarks or registered
trademarks of affiliated companies of Xperi Corporation in the United
States and other countries. All other company, brand and product names
may be trademarks or registered trademarks of their respective companies.

Safe Harbor Statement
This press release contains
forward-looking statements, which are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties that could
cause actual results to differ significantly from those projected,
particularly with respect to the collaboration and development with
Denso and the features, benefits and characteristics of the driver
status monitor to be developed. Material factors that may cause results
to differ from the statements made include the plans or operations
relating to the businesses of Xperi Corporation (the "Company"); market
or industry conditions; changes in patent laws, regulation or
enforcement, or other factors that might affect the Company's ability to
protect or realize the value of its intellectual property; the
expiration of license agreements and the cessation of related royalty
income; the failure, inability or refusal of licensees to pay royalties;
initiation, delays, setbacks or losses relating to the Company's
intellectual property or intellectual property litigations, or
invalidation or limitation of key patents; fluctuations in operating
results due to the timing of new license agreements and royalties, or
due to legal costs; the risk of a decline in demand for semiconductors
and products utilizing our audio and imaging technologies; failure by
the industry to use technologies covered by the Company's patents; the
expiration of the Company's patents; the Company's ability to
successfully complete and integrate acquisitions of businesses; the risk
of loss of, or decreases in production orders from, customers of
acquired businesses; financial and regulatory risks associated with the
international nature of the Company's businesses; failure of the
Company's products to achieve technological feasibility or
profitability; failure to successfully commercialize the Company's
products; changes in demand for the products of the Company's customers;
limited opportunities to license technologies due to high concentration
in applicable markets for such technologies; the impact of competing
technologies on the demand for the Company's technologies; failure to
realize the anticipated benefits of the Company's recent acquisition of
DTS, Inc., including as a result of integrating the business of DTS;
pricing trends, including the Company's ability to achieve economies of
scale; the expected amount and timing of cost savings and operating
synergies; and other developments in the markets in which the Company
operates, as well as management's response to any of the aforementioned
factors. You are cautioned not to place undue reliance on the
forward-looking statements, which speak only as of the date of this
release.

The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the Risk
Factors included in the Company's recent reports on Form 10-K and Form
10-Q and other documents of the Company on file with the Securities and
Exchange Commission (the "SEC"). The Company's SEC filings are available
publicly on the SEC's website at www.sec.gov.
Any forward-looking statements made or incorporated by reference herein
are qualified in their entirety by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by the Company will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects
on, the Company or its business or operations. Except to the extent
required by applicable law, the Company undertakes no obligation to
update publicly or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.

SOURCE: XPERI CORPORATION
XPER-F

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