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Gyration Announces Investment Agreement with Nintendo

by Rainier on Sept. 25, 2001 @ 6:49 p.m. PDT

Leading Electronic Entertainment Developer Invests in Wireless Motion Input Controller Manufacturer; Gains Access to Patents, Intellectual Property and Future Product Offerings.
Gyration, Inc., a leading manufacturer of motion-sensing wireless input controllers for commercial and home entertainment markets, announced today that it has reached an agreement with premier electronic game developer Nintendo Co., Ltd. Under the terms of the agreement, Nintendo will become an active investment partner by purchasing an undisclosed amount of Gyration stock. In exchange, Nintendo will gain access to Gyration research and development in the areas of motion-sensing and wireless RF technologies.

"Gyration's motion-sensing hardware and software products have become the No. 1 aftermarket presentation input devices for business communications professionals," states Gyration CEO Tom Quinn. "Partnering with the largest and most successful game console manufacturer in the world will give us an exciting opportunity to introduce our amazing technologies to Nintendo's broad home video game market."

Gyration intends to be the first company to produce game controllers enhanced with gyroscopic motion-sensors, which have a tenfold performance increase over accelerometer tilt sensors and add the ability to sense yaw as well as pitch. A gyro-equipped, motion-sensing controller provides a natural method of game control that draws the player into the game and makes game play more enjoyable. The motion sensor can take the place of a typical thumb pressure pad allowing one-handed game play, or can be integrated into a two-handed controller to add a dimension to game playing not possible with traditional video game controllers.

About Gyration, Inc.

Gyration, Inc. is a leading provider of advanced hardware and software solutions that remove the technological barrier between user input devices and digital displays in the business communication, home entertainment and computing market segments. Gyration combines motion-sensing wireless peripherals with customized software applications to enhance and simplify use input. Gyration's flagship products include state-of-the-art wireless RF and IR controllers, keyboards and motion-sensing devices for Presentation, Interactive TV and Electronic Game markets. The company has developed GyroPoint Technology(TM), a unique method by which an inertial sensor detects natural hand motions to move a cursor or graphic on a television screen or monitor. This is combined with Gyration's wireless RF network to offer reliable communication with a game console, computer, set top box, or other device. Gyration offers its products through direct and OEM sales as well as through an extensive A/V reseller cannel. The Saratoga, Calif., company was founded in 1989 and is privately held. For more information, visit our WEBSITE.

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