DUBLIN, U.K., Feb. 9, 2004 (PRIMEZONE) -- CEVA, Inc., (Nasdaq:CEVA) (LSE:CVA), the leading licensor of Digital Signal Processor (DSP) cores and communication solutions to the semiconductor industry, today announced that National Semiconductor Corporation has licensed CEVA's Xpert-Teak DSP open-framework for integration into products addressing the wireless, communication and automotive markets.Xpert-Teak is a complete DSP open-framework, built around CEVA's low-power, high-performance Teak DSP core that integrates the complete range of system peripherals including memory, DMA and system interfaces. Delivered as a pre-integrated DSP platform, Xpert-Teak provides National Semiconductor with cost and time-to-market advantages over the more traditional approach of licensing a core without the associated subsystem peripherals already integrated. Today's announcement builds on a previous licensing agreement between CEVA and National Semiconductor for CEVA-Teak DSP technology.
"National's licensing of Xpert-Teak builds upon our existing relationship with CEVA, and will enable us to more rapidly deploy leading-edge DSP solutions in one programmable platform," said Malcolm Humphrey, Product Line Director for the Device Connectivity Division at National Semiconductor. "Adding CEVA's best-in-class portfolio of integrated DSP technologies to National's popular CP3000 family of connectivity processors promises our customers a powerful and cost effective integration roadmap for their next generation systems."
"CEVA has enjoyed a long-term relationship with National Semiconductor spanning both analog and DSP technologies, and given our success in the past, we are especially pleased to extend our relationship through our Xpert-Teak technology," said Barry Nolan, Vice President, Marketing & Corporate Communications at CEVA. "CEVA Xpert-Teak DSP subsystem offers partners such as National Semiconductor an ideal platform for developing connected digital multimedia applications quickly and efficiently."
About CEVA Xpert-Teak
Built around CEVA's widely adopted Dual MAC CEVA-Teak DSP Core, Xpert-Teak(TM) is a complete licensable solution of a low power, low cost, programmable DSP based (SoC) designed for the embedded application markets. Xpert-Teak meets semiconductor and OEM growing need for low power, low cost, programmable DSP open-framework for applications such as wireless baseband and application processing, digital cameras, consumer and professional audio, VoIP applications and other emerging markets.
CEVA Xpert-Teak includes all required hardware peripherals. It incorporates high performance Direct Memory Access (DMA) controller, AMBA interface or high throughput Host Processor Interface (HPI) and Buffered Time Division Multiplexing Port (BTDMP) among others.
About CEVA, Inc.
Headquartered in San Jose California, CEVA (NASDAQ: CEVA and LSE: CVA) is the leading licensor of DSP cores and integrated applications to the semiconductor industry. CEVA markets a portfolio of DSP Intellectual Property (IP) in three integrated areas: CEVA DSPs, CEVA-Xpert Open Framework Environment, and CEVA-Xpert Applications, all supported by Xpert Integration services. CEVA's products are used in over 50 million devices each year. The company was formerly known as ParthusCeva, Inc. For more information, visit www.ceva-dsp.com.
CEVA-Teak and CEVA Xpert-Teak are registered trademarks of CEVA, Inc. Other brands and products referenced herein are the trademarks or registered trademarks of their respective holders.
Safe Harbor Statement
Various statements in this press release concerning CEVA's future expectations, plans and prospects are "forward-looking statements", which are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including, without limitation, statements to the effect that the company or its management "believes", "expects", "anticipates", "plans" and similar expressions) should be considered forward-looking statements. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described, including the following:
The industries in which we license our technology are experiencing a challenging period of slow growth that has negatively impacted and could continue to negatively impact our business and operating results;
* The markets in which we operate are highly competitive, and as a result we could experience a loss of sales, lower prices and lower revenue;
* Our operating results fluctuate from quarter to quarter due to a variety of factors including our lengthy sales cycle, and are not a meaningful indicator for future performance
* We rely significantly on revenue derived from a limited number of licensees; and
* Other risks discussed in "Management's Discussion and Analysis of Financial Conditions and;
* Results of Operations--Factors that Could Affect Our Operating Results," in our quarterly report on Form 10-Q for the third quarter of 2003, filed with the U.S. Securities and Exchange Commission on November 13, 2003.