Xperi to Host Virtual Investor Day on September 20, 2022

Rhea-AI Summary

Xperi Holding Corporation (XPER) will host a virtual Investor Day on September 20, 2022, at 8:30 AM ET. This event comes ahead of the planned separation into two distinct companies: Xperi and Adeia. Senior leaders will provide insights into each entity's strategies and growth prospects. The aim of this separation is to enhance shareholder value and allow each company to pursue unique market opportunities. The live webcast will be available on Xperi's website, with a replay accessible within 24 hours.

SAN JOSE, Calif.--(BUSINESS WIRE)-- Xperi Holding Corporation (Nasdaq: XPER), ("Xperi" or the "Company") today announced that it will host a virtual Investor Day on Tuesday, September 20, 2022, at 8:30AM ET. In anticipation of its separation into two stand-alone trading entities, senior members from both the company’s product business, Xperi, and the company’s IP licensing business, Adeia, will provide an in-depth overview of each business’ value creation strategy and growth prospects post spin. Presentations for each business will be given separately, followed by live Q&A sessions.

The separation of the two businesses is believed to be the best strategy to maximize shareholder value and allow for increased flexibility for each new company to pursue new and growing market opportunities.

The virtual Investor Day webcast will be broadcast live on the Investor Relations section of Xperi’s website at www.xperi.com. Shareholders, media representatives, and others interested in Xperi and Adeia may participate in the webcast by registering through the Investor Relations section on Xperi’s website or at http://xperiadeia2022investorday.q4ir.com/

A replay will be available on the Xperi website within 24 hours following the event.

About Xperi Holding Corporation

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (Adeia, DTS, HD Radio, IMAX Enhanced, TiVo), and by its startup, Perceive, make entertainment more entertaining, and smart devices smarter. Xperi technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for partners, customers and consumers.

Xperi, Adeia, DTS, IMAX Enhanced, HD Radio, Perceive, TiVo and their respective logos are trademarks or registered trademarks of affiliated companies of Xperi Holding 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.

About Adeia

Adeia, the company’s IP licensing business, invents, develops and licenses fundamental innovations that shape the way millions of people explore and experience entertainment in an increasingly connected world. From TVs to smartphones, and across all types of entertainment experiences, Adeia’s technologies allow users to manage content and connections in a way that is smart, immersive and personal. For more information, please visit adeia.com.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company’s financial results, forecasts, business outlook, and the Spin-Off timing. In this context, forward-looking statements often address expected future business, financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenue, cost savings, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business strategies, and expansion and growth of the Company’s businesses; the Company’s ability to implement its business strategy; pricing trends, including the Company’s ability to achieve economies of scale; the ability of the Company to retain and hire key personnel; uncertainty as to the long-term value of the Company’s common stock; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the evolving legal, regulatory and tax regimes under which the Company operates; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, including Russia’s invasion of Ukraine, and natural disasters; the extent to which the COVID-19 pandemic continues to have an adverse impact on our business, results of operations, and financial condition will depend on future developments, including measures taken in response to the pandemic, which are highly uncertain and cannot be predicted; the impact of supply chain constraints on our customers; and the Spin-Off. These risks, as well as other risks associated with the business, are more fully discussed in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K. While the list of factors presented here is, and the list of factors presented in the Company’s filings with the SEC are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

SOURCE: Xperi Holding Corp
XPER-E

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005404/en/

Xperi Investor Contact:

Jill Koval, Arbor Advisory Group

+1 203-832-4449

ir@xperi.com

Media Contact:

Amy Brennan, Senior Director, Corporate Communications

+1 949-518-6846

amy.brennan@xperi.com

Source: Xperi Holding Corp

FAQ

What is the date of Xperi's virtual Investor Day?

Xperi's virtual Investor Day is scheduled for September 20, 2022.

What time will the Xperi Investor Day start?

The Xperi Investor Day will start at 8:30 AM ET.

What companies are involved in the separation mentioned in the XPER press release?

The separation involves Xperi and its IP licensing business, Adeia.

How can I participate in Xperi's virtual Investor Day?

Participants can register for the virtual Investor Day through the Investor Relations section on Xperi's website.

Will there be a replay available for Xperi's Investor Day?

Yes, a replay will be available on Xperi's website within 24 hours after the event.

What is the purpose of the separation of Xperi and Adeia?

The separation aims to maximize shareholder value and allow each company to explore growing market opportunities.