Press Release

For Immediate Release

HI CORPORATION Enters into Global Alliance with Imagination Technologies on 3D Graphics for Mobile Communication Devices

(head office: Meguro-ku, Tokyo; paid-in capital: 260.5 million yen; President & CEO: Kazuo Kawabata; http://www.hicorp.co.jp) and Imagination Technologies Group (LSE: IMG) announced that they have agreed to cooperate in working on 3D graphics technologies for mobile communication devices in Japan and in marketing their products in Japan and abroad. According to this agreement, HI CORPORATION will port its Mascot Capsule Engine Micro3D Edition to the Imagination Technologies' PowerVR MBX. Imagination Technologies will provide technology support to HI CORPORATION for the porting. The companies will also introduce each other's products to their customers worldwide.

Through this alliance HI CORPORATION's 3D graphics engine will be ported to Imagination Technologies' PowerVR MBX platform, making Mascot Capsule Engine Micro 3D Edition available to every user of this platform. Users will gain 3D rendering capability on their mobile phones and other mobile communication devices using PowerVR MBX, and embedding of 3D graphic applications will become possible.

Moreover, the two companies have also decided on joint marketing and technology collaboration steps in Japan and abroad. It is expected that the cooperation will accelerate penetration of 3D in the mobile communication industry.