Tokyo, Japan - November 1, 2001 - Parthus Technologies (Nasdaq:
PRTH; LSE: PRH), a leading supplier of semiconductor platform-level
Intellectual Property (IP) for the mobile Internet market, today announced
that it has completed a licensing agreement with Fujitsu Limited (TSE:
6702) for Parthus' BlueStream Bluetooth platform. As part of the
agreement, Parthus has delivered a complete Bluetooth solution including
baseband hardware, software stacks and digital interface to multiple
radios. Through its licensing of Parthus' BlueStream, Fujitsu has already
commenced the deployment of complete certified Bluetooth chips (including
the baseband and software protocol stacks), and will target both the
cellular phone and automotive markets with initial shipments in early
2002.

Bluetooth is rapidly becoming the de facto standard for wireless
communication between a range of personal electronic devices such as
mobile phones, handheld devices, PC peripherals, automotive, home and
industrial appliances. By eliminating the need for cables between
inter-connecting devices, individuals can share voice and data using
broadband and secure local wireless connections. By 2005, Cahners In-Stat
forecasts that Bluetooth technology will be used in almost 1 billion
devices, ranging from mobile phones and desktop computers to digital
cameras and automobiles.

"We are delighted to be working with Parthus in developing Bluetooth
products" said Moriyuki Takamura, General Manager, Fujitsu Electronic
Device Group. "Parthus is clearly a leader in the Bluetooth arena and we
believe our leadership position in the wireless semiconductor space makes
this an ideal partnership. We believe Parthus' unique approach to
developing complete applications for mobile devices has helped speed the
time to market for our Bluetooth baseband LSI which will start to ship in
January 2002."

"With over 180,000 employees worldwide, reported revenues of $45billion
and leadership in the semiconductor wireless market, today's announcement
with Fujitsu represents a significant milestone for Parthus. It is also an
industry-first as no other company has announced a qualified Bluetooth
product based on independent silicon IP," said Brian Long, CEO of Parthus
Technologies. "Fujitsu, by targeting a broad range of markets with their
Bluetooth products, such as cellular phones and automotive
navigation/audio sectors, will significantly expand the pervasiveness of
Bluetooth technology."

The Parthus BlueStream Baseband IP provides Fujitsu with all the
digital signal processing and protocol hardware to interface with external
radio IC's, audio CODEC's and host devices, enabling a fully functional
Bluetooth 1.1 solution. The embedded processor and associated firmware
allow baseband integration into peripheral or standalone applications. The
host interfaces, USB v1.1 and UART enables the LSI (integrated circuit) to
target both the cellular, PC and car accessory applications. An on board
PLL enables a range of standard wireless system reference frequencies
allowing easy integration with various external radios. Finally software
controlled power management circuitry allow the performance and power
profile to be tailored to the customer application. Fujitsu are expected
to ship volume silicon products in quarter one 2002.

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About BlueStream

Recently Gartner-Dataquest confirmed Parthus Technologies plc as the
leading supplier of Bluetooth intellectual property to the industry. The
Parthus BlueStream platform provides all the necessary elements that
semiconductor companies require to implement this fast growing standard
and comprises:

RF Interface IP
Lower Link
Controller IP
Software
Protocol Stacks and Bluetooth Profiles

Bluetooth is a trademark owned by its proprietor and licensed to
Parthus Technologies.

About Fujitsu Limited

Fujitsu is a leading provider of Internet-focused information
technology solutions for the global marketplace. Its pace-setting
technologies, best-in-class computing and telecommunications platforms,
and worldwide corps of systems and services experts make it uniquely
positioned to unleash the infinite possibilities of the Internet to help
its customers succeed. Headquartered in Tokyo, Fujitsu Limited (TSE:6702)
reported consolidated revenues of 5.48 trillion yen for the fiscal year
ended March 31, 2001. For more information, see: http://www.fujitsu.com/

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About ParthusCeva, Inc.

For further information About ParthusCeva,
Inc..

A PDF copy of this press release is also available
here.

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This document 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 document are subject
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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 our
2000 Annual Report on Form 20-F which is on file with the SEC since June
26, 2001.