San Jose, California and Dublin, Ireland - January 24,
2001- Parthus Technologies PLC (Nasdaq: PRTH; LSE: PRH), a leading
supplier of platform-level intellectual property for the mobile Internet
market, today announced that it has signed a portfolio licensing and
royalty agreement with 3Com Corporation (Nasdaq: COMS) to deliver
technology for use in 3Com's wireless and mobile product line
As part of the agreement, Parthus will deliver a range of Intellectual
Property platforms that includes Parthus' BlueStream™, NavStream™ and
MediaStream™ technologies. Each platform is created to combine low power
consumption requirements with high levels of on-chip functionality; key
factors in the success of mobile devices.
"Wireless allows 3Com to provide radically simple connections for our
customers," said Rick Maule, general manager of the Mobile Connectivity
Division of 3Com. "Our next generation of wireless and mobile products are
a natural extension and will complement our current role in LAN
technologies. This alliance with Parthus, a leader in the mobile Internet,
provides us with additional wireless and multimedia technology, which
enhances our existing mobile IP portfolio."
"3Com is one of the world's leading technology companies with a long
history of innovation," said Kevin Fielding, chief operating officer of
Parthus Technologies. "We believe our agreement with 3Com accelerates the
development of a range of wireless products that converge mobile
communications and the Internet seamlessly."
While every Parthus platform can be converged in one chip solution,
BlueStream, NavStream and MediaStream are also designed to operate as
stand alone platforms that provide best-in-class performance.
BlueStream is one of the industry's most comprehensive and
advanced Bluetooth™ offerings containing all the required
technology that allows Parthus' customers to rapidly deploy
Bluetooth connectivity into their product offerings. 3Com was one
of the founding members of the Bluetooth Special Interest Group,
along with Ericsson, IBM, Intel, Lucent, Microsoft, Motorola, Nokia and
NavStream is a complete GPS platform encompassing radio,
baseband and software stacks targeted at mobile phone and automotive
markets. NavStream™ is one of the world's first platforms to deliver
sub-five meter location accuracy to mobile devices enabling location-based
m-Commerce services to be provided by network operators.
MediaStream is a complete Internet audio platform encompassing
Parthus 24-bit DSP, essential analog components and complete suite of
audio software. MediaStream is targeted at a broad range of end
applications, including mobile phones, in-car entertainment, portable
audio devices (MP3 players) and home entertainment.
Corporation 3Com simplifies how people connect to information and
services through easy-to-use, connectivity products and solutions for
consumers and commercial organizations. The company also provides access
infrastructures and IP services platforms for network service providers.
For further information, visit http://www.3com.com/ or the press site at
About ParthusCeva, Inc.
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A PDF copy of this press release is also available here.
This press release may contain "forward looking
statements" within The meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. Any "forward looking statements" in this press release 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. Important factors that could cause actual
results to differ from those indicated by such forward-looking statements
include uncertainties relating to the acceptance of semiconductor
intellectual property offerings, expansion of our business, quarterly
variations in results, and other uncertainties that are discussed in the
"Risk Factors" section of our final prospectus dated May 19, 2000, which
is on file with the SEC and of our listing particulars dated May 19, 2000,
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England and Wales and the Registrar of Companies in the Republic of
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