Dublin, London - May 4, 2000 - Parthus Technologies plc
(Parthus), a developer of platform-level intellectual property (IP) for
the next-generation mobile commerce, or m-Commerce market, today announces
an equity alliance with ARM Holdings plc [(LSE:ARM); (Nasdaq:ARMHY)].
ARM has invested $2 million for an equity stake in Parthus, following
an agreement between the two companies in February 2000 for Parthus
(formerly SSL) to license the ARM7TDMI® core. ARM and Parthus have already
established a technical partnership enabling the development of complete
integrated system-on-chip (SoC) solutions for the next-generation wireless
ARM is the industry's leading provider of 16/32-bit embedded RISC
microprocessor solutions. The ARM architecture is the preferred choice of
processor core for wireless Internet devices by the design community
worldwide; its solutions range in performance from 60 MHz (54 MIPS) to 300
MHz (400+ MIPS), targeting a variety of applications including automotive,
networking, mass storage, encryption and consumer multimedia. The company
also provides a variety of supporting technology including development
tools, application software and peripheral IP.
Parthus focuses on high-growth markets such as 3G, Bluetooth™,
MP3, Smartphones and GPS and its technology complements offerings from ARM
and its partners by providing an application layer, which gives customers
a market-ready IP solution.
The ARM/Parthus alliance has the potential to enable system developers
to dramatically reduce time-to-market for next-generation wireless
Brian Long, Chief Executive, Parthus Technologies plc today commented:
"ARM are the undisputed leaders in microprocessors for the mobile phone
market and we are extremely pleased that they have further endorsed our
business relationship by taking an equity stake in Parthus. Our mutual
customers will continue to enjoy the flexibility of deploying wireless
Internet application IP with the ARM processor core. Both Parthus and ARM
are now well positioned to capitalize on the potential of the
next-generation mobile Internet market."
Robin Saxby, Chairman and Chief Executive Officer of ARM added:
"ARM's investment in Parthus further strengthens our partnership and
reflects ARM's commitment to the next-generation mobile communications
market. We view Parthus as leaders in application level IP for wireless
Internet-enabled solutions, and the combination of Parthus and ARM
technology will provide developers with high-performance products at a
significantly reduced time-to-market."
About ARM Holdings plc
ARM, a leading intellectual property (IP) provider, licenses
high-performance, low-cost, power-efficient RISC processors, peripherals,
and system-chip designs to leading international electronics companies.
ARM also provides comprehensive support required in developing a complete
system. ARM's microprocessor cores are rapidly becoming the volume RISC
standard in such markets as portable communications, handheld computing,
multimedia digital consumer and embedded solutions. More information on
ARM is available at http://www.arm.com/.
ARM and ARM7TDMI are registered trademarks of ARM