PXPL Pixelplus CO Ltd (MM)

SEOUL, South Korea, May 15 /PRNewswire-FirstCall/ -- Pixelplus Co., Ltd. (NASDAQ:PXPL), a fabless semiconductor company in Korea that designs, develops, and markets CMOS image sensors for various consumer electronics applications, today announced that the Company received a bid price compliance letter from Nasdaq stating that the Company has regained compliance with the minimum $1.00 per share requirement under Nasdaq Marketplace Rule 4450(a)(5). About Pixelplus Co., Ltd. Pixelplus is a South Korea-based developer of high-performance, high-resolution, and cost-effective CMOS image sensors for use primarily in mobile camera phones. In addition to mobile phones, Pixelplus provides CMOS image sensors and SoC solutions for use in webcams and notebook embedded cameras, toys and games, and security and surveillance system applications. As a fabless semiconductor company, Pixelplus is focused on creating proprietary design technologies to develop CMOS image sensors with sharp, colorful and enhanced image quality, size efficiency, and low power consumption. Contact: Shane Y. Hong Pixelplus Co., Ltd. 6th Floor, Gyeonggi R&DB Center 906-5 Iui-dong, Yeongtong-gu Suwon-si, Gyeonggi-do, 443-766 Republic of Korea +82-31-888-5300 OR Taylor Rafferty: London - Emilia Whitbread at +44 (0) 20 7614 2900 New York - Allon Bloch at +1 212 889 4350 Tokyo - Jason Wagers at +81 (0) 3 3221 9513 E-mail DATASOURCE: Pixelplus Co., Ltd. CONTACT: Shane Y. Hong of Pixelplus Co., Ltd., +82-31-888-5300; or London: Emilia Whitbread, +44(0)20-7614-2900, or New York: Allon Bloch, +1-212-889-4350, or Tokyo: Jason Wagers, +81(0)3-3221-9513, all of Taylor Rafferty,

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