San Jose, CA - February 09, 2004 - 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
"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™ 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, Calif., CEVA is the leading licensor of digital signal processor (DSP) cores, multimedia, GPS and storage platforms to the semiconductor industry. CEVA licenses a family of programmable DSP cores, associated SoC system platforms and a portfolio of application platforms including multimedia, audio, Voice over Packet (VoP), GPS location, Bluetooth, Serial Attached SCSI and Serial ATA (SATA). In 2005 CEVA's IP was shipped in over 115 million devices. CEVA was created through the merger of the DSP licensing division of DSP Group and Parthus Technologies. For more information, visit ceva-dsp.com.
A PDF copy of this press release is also available here
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
- 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.