Zoran Signs Licensing Agreement With HP

Market Wire, May, 2007

Zoran Corporation (NASDAQ: ZRAN) today announced it has signed a licensing agreement with HP to extend the use of Zoran technology with certain HP LaserJet and HP Officejet printing devices.

"Zoran is pleased to continue our 10-year-plus relationship with HP with this license," said Simon Dolan, senior vice president and general manager, Zoran's Imaging Division.

"With the availability of Zoran technology on HP printing devices, customers can simplify document conversion and increase overall productivity," said Jeff Lantz, vice president and general manager, Color LaserJet, HP. "Partnering with companies such as Zoran is part of HP's commitment to providing customers with a wide range of world-class printing solutions."

More information about Zoran solutions can be found at www.zoran.com or by contacting a Zoran sales representative at 781-638-7500.

About Zoran Corporation

Zoran Corporation, based in Sunnyvale, California, is a leading provider of digital solutions in the growing digital entertainment and digital imaging markets. With two decades of expertise developing and delivering digital signal processing technologies, Zoran has pioneered high-performance digital audio and video, imaging applications and Connect Share Entertain technologies for the digital home. Zoran's proficiency in integration delivers major benefits for OEM customers, including greater capabilities within each product generation, reduced system costs, and shorter time to market. Zoran-based DVD, digital camera, DTV, multimedia mobile phone, and multifunction printer products have received recognition for excellence and are now in hundreds of millions of homes and offices worldwide. With headquarters in the U.S. and operations in Canada, China, England, Germany, India, Israel, Japan, Korea, and Taiwan, Zoran may be contacted on the World Wide Web at www.zoran.com or at 408 523-6500.

Zoran and the Zoran logo are trademarks or registered trademarks of Zoran Corporation and/or its subsidiaries in the United States or other countries. All other names and brands may be claimed as property of others.

Editorial Contact: Suzanne Dumaresq Zoran Corporation (781) 638-7703 Email Contact Company Contact: Betty Watkins Zoran Corporation (408) 523-4373 Email Contact