Pixelworks, Inc. (NASDAQ:PXLW) stock is trading higher by about 20% during Tuesday’s premarket session after the cinematic and enhanced visualization solutions provider announced a new multi-year partnership and device certification agreement with Meta Platforms, Inc. (NASDAQ:META).
Under the agreement, Meta’s VR devices, including the upcoming Meta VR Glasses, will be certified to deliver a growing library of TrueCut Motion cinematic content.
The collaboration expands Pixelworks’ TrueCut Motion platform beyond premium large-format theaters into home entertainment and immersive VR experiences.
Multi-Year Partnership Expands TrueCut Motion Ecosystem
TrueCut Motion video platform enables filmmakers to fine-tune motion characteristics on a shot-by-shot basis during post-production, including managing judder, motion blur and frame rates.
The partnership aims to deliver improved cinematic motion clarity and a highly immersive viewing experience for consumers.
The content will include TrueCut Motion-enhanced movies, episodic series and immersive 3D.
Chairman and CEO Todd DeBonis highlighted the partnership as a significant milestone in expanding the company’s TrueCut Motion ecosystem.
Pixelworks Stock Remains Highly Volatile
Pixelworks’ premarket volume surged to more than 5.7 million shares, far exceeding its 100-day average of 30,311 shares. The increase signals heightened investor interest.
With a market capitalization of about $31.5 million as of Monday’s close, Pixelworks remains a micro-cap stock vulnerable to sharp price swings amid elevated trading activity.
The stock is down 14.93% over the past 12 months.
The company is scheduled to report earnings Nov. 11.
Pixelworks Price Action
PXLW Price Action: Pixelworks shares were up 20.43% at $6.28 in premarket trading at the time of publication Tuesday, according to Benzinga Pro data.
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