The Israeli company LucidLogix has signed an agreement to supply software for all Samsung Galaxy Note 3 devices. Israel’s daily Calcalist has learned that the agreement signed between LucidLogix, headquartered in Netanya, and the Korean telecommunications giant is a three-year deal valued at $15 million.
The software developed by LucidLogix under the brand name GameXtend has already been incorporated into some 5 million devices sold since the Samsung Galaxy Note 3 was launched in September. Samsung is expected to sell another 7 million units by year-end. The software is incorporated into the graphics processors of the Galaxy Note 3 and helps in reducing the computational operations of the processor, thus extending the battery life by about 50%.
The scope of the agreement is expected to be gradually expanded to include other Samsung devices, into which the software will be incorporated. LucidLogix is planning the launch of more power-efficiency products designed to reduce battery-power draw and, at the same time, improve the performance of various other features. One such product, an innovative technology dubbed WebExtend, will improve the resolution in mobile browsers. Another upcoming technology, called NavExtend, is projected to employ the graphics-processing technology in 3-D navigation software.
LucidLogix first developed graphics-processing chips for personal computers, but later moved on to software development. Over the summer, the company merged with CellGuide, an Israeli company that developed software components for global positioning systems. The merger was led by Giza Venture Capital and the investment group of Allen Yaglom, one of the major investors in the 3D printing company Objet. The combined company (under the LucidLogix name) has recently settled in Poleg Industrial Park in Netanya, and currently has a workforce of 35 employees.
Since the merger, the company has been managed by CellGuide CEO Adina Shorr, who formerly served as Objet CEO, which merged with Stratasys, Inc. Former Extreme Reality CEO Elad Dubzinski has recently joined the company in the capacity of chief operating officer.
LucidLogix declined to comment.
Continue reading this article by registering and get unlimited access to:
- The award-winning Middle East Lobbying - The Influence Game
- Archived articles
- Exclusive events
- The Week in Review
- Lobbying newsletter delivered weekly