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R2 is a developer of home automation technology that has been working on "technology related to distributing and displaying digital media on TVs," the publication says.

The company also owns patents related to controlling electronic devices and interfaces, such as AV equipment, lighting, thermostats and security systems, as reported by Polygon.

In fact R2's single commercial release, the Android app R2 Control for Crestron, allows users to do just that using touchscreen Android devices.

The technology could be used to bolster the capabilities of Microsoft's next-generation Xbox, codename Durango (or ' Xbox 720'), which according to a recent Bloomberg report is due for release this Christmas.

According to another Xbox World report, current 'Durango' dev kits boast a CPU with "four hardware cores, each divided into four logical cores" and 8GB of RAM.