SigmaTel IP Licensing Program Gaining Worldwide Momentum
October 25 2006 - 4:05PM
Business Wire
SigmaTel, Inc. (NASDAQ:SGTL), a leader in mixed-signal multimedia
semiconductors, announced that it continues to gain worldwide
momentum on its IP licensing strategy. In light of its
International Trade Commission (ITC) victory, SigmaTel has
solicited the cooperation of large retailers to ensure that
infringing Actions-based MP3 players are not sold in the U.S.
Earlier this week, Coby Electronics, a U.S. electronics
manufacturer, and SigmaTel entered into an agreement that will
allow Coby to import its remaining inventory of Actions chips in
exchange for a cash payment to SigmaTel. After its existing
inventory is exhausted, Coby has agreed not to import any
additional Actions-based MP3 players which are subject to the ITC
exclusion order. SigmaTel is also working with U.S. Customs to
enforce the ITC exclusion order. SigmaTel has also signed three
licensing agreements in Europe and China, and is in advanced
negotiation stages with several others worldwide. In addition,
customs authorities in Germany and the United Kingdom have agreed
to start seizing certain MP3 players that incorporate SoCs which
SigmaTel believes infringe its European patents. "We continue to
gain from the ITC decision to prohibit importation of Actions-based
players into the U.S.,� said Ron Edgerton, president and chief
executive officer for SigmaTel. �We hope manufacturers, like Coby,
continue to respect SigmaTel�s IP portfolio and recognize that
intellectual property must be protected to promote innovation and
technology progress.� For more information on SigmaTel, please
visit: www.sigmatel.com. For more information on Coby, please
visit: www.cobyusa.com. About Coby: Coby Electronics Corporation is
a manufacturer of quality consumer electronics products, which is
headquartered in the heart of New York City. Since its inception in
1990, Coby has risen through the ranks of the consumer electronics
industry. Coby is focused on offering innovative, feature-rich
products and solutions. Within the past decade, Coby's team of
inventors, engineers, and designers have earned a number of U.S.
patents and design awards, with several additional patents pending.
Coby will continue to establish new levels of innovation and
deliver new products that validate its brand. Coby's promise has
always been, "take what's possible through hard work and innovation
and apply them towards delivering practical products and
solutions." About SigmaTel: SigmaTel, Inc., a fabless semiconductor
company headquartered in Austin, Texas, designs, develops, and
markets proprietary, analog intensive, mixed-signal ICs for a
variety of digital multimedia products in the consumer electronics
and computing markets, including portable compressed audio players,
such as MP3 players, notebook and desktop PCs, digital video
cameras, multi-function peripheral products, digital televisions,
and set-top boxes. SigmaTel provides complete, system-level
solutions that include highly-integrated ICs, customizable firmware
and software, software development tools, reference designs, and
applications support. The Company�s focus is on providing
system-level solutions that enable customers to rapidly introduce
and offer electronic products that are small, light-weight,
power-efficient, reliable, and cost-effective. SigmaTel is ISO
9001:2000 certified and is committed to providing customers with
high performance, quality products along with superior customer
service. Cautionary Language: This press release contains
forward-looking statements based on current SigmaTel expectations.
The words �expect,� �will,� �should,� �would,� �anticipate,�
�project,� �outlook,� �believe,� �intend,� and similar phrases as
they relate to SigmaTel or future events are intended to identify
such forward-looking statements. These forward-looking statements
reflect the current views and assumptions of SigmaTel, but are
subject to various risks and uncertainties that could cause actual
results to differ materially from expectations. A number of
important factors could cause actual results to differ materially
from those in the forward-looking statements, and there will be
events in the future that SigmaTel is not able to accurately
predict or control. For a discussion of factors that could impact
SigmaTel's financial results and cause actual results to differ
materially from those in the forward-looking statements, please
refer to recent SigmaTel filings with the SEC, particularly the
form 10-K that was filed on February 24, 2006, and the form 10-Q
filed on August 9, 2006. SigmaTel is a registered trademark of
SigmaTel, Inc. All other products and brand names as they appear in
this release are trademarks or registered trademarks of their
respective holders. All specifications may be changed without
notice. SigmaTel, Inc. (NASDAQ:SGTL), a leader in mixed-signal
multimedia semiconductors, announced that it continues to gain
worldwide momentum on its IP licensing strategy. In light of its
International Trade Commission (ITC) victory, SigmaTel has
solicited the cooperation of large retailers to ensure that
infringing Actions-based MP3 players are not sold in the U.S.
Earlier this week, Coby Electronics, a U.S. electronics
manufacturer, and SigmaTel entered into an agreement that will
allow Coby to import its remaining inventory of Actions chips in
exchange for a cash payment to SigmaTel. After its existing
inventory is exhausted, Coby has agreed not to import any
additional Actions-based MP3 players which are subject to the ITC
exclusion order. SigmaTel is also working with U.S. Customs to
enforce the ITC exclusion order. SigmaTel has also signed three
licensing agreements in Europe and China, and is in advanced
negotiation stages with several others worldwide. In addition,
customs authorities in Germany and the United Kingdom have agreed
to start seizing certain MP3 players that incorporate SoCs which
SigmaTel believes infringe its European patents. "We continue to
gain from the ITC decision to prohibit importation of Actions-based
players into the U.S.," said Ron Edgerton, president and chief
executive officer for SigmaTel. "We hope manufacturers, like Coby,
continue to respect SigmaTel's IP portfolio and recognize that
intellectual property must be protected to promote innovation and
technology progress." For more information on SigmaTel, please
visit: www.sigmatel.com. For more information on Coby, please
visit: www.cobyusa.com. About Coby: Coby Electronics Corporation is
a manufacturer of quality consumer electronics products, which is
headquartered in the heart of New York City. Since its inception in
1990, Coby has risen through the ranks of the consumer electronics
industry. Coby is focused on offering innovative, feature-rich
products and solutions. Within the past decade, Coby's team of
inventors, engineers, and designers have earned a number of U.S.
patents and design awards, with several additional patents pending.
Coby will continue to establish new levels of innovation and
deliver new products that validate its brand. Coby's promise has
always been, "take what's possible through hard work and innovation
and apply them towards delivering practical products and
solutions." About SigmaTel: SigmaTel, Inc., a fabless semiconductor
company headquartered in Austin, Texas, designs, develops, and
markets proprietary, analog intensive, mixed-signal ICs for a
variety of digital multimedia products in the consumer electronics
and computing markets, including portable compressed audio players,
such as MP3 players, notebook and desktop PCs, digital video
cameras, multi-function peripheral products, digital televisions,
and set-top boxes. SigmaTel provides complete, system-level
solutions that include highly-integrated ICs, customizable firmware
and software, software development tools, reference designs, and
applications support. The Company's focus is on providing
system-level solutions that enable customers to rapidly introduce
and offer electronic products that are small, light-weight,
power-efficient, reliable, and cost-effective. SigmaTel is ISO
9001:2000 certified and is committed to providing customers with
high performance, quality products along with superior customer
service. Cautionary Language: This press release contains
forward-looking statements based on current SigmaTel expectations.
The words "expect," "will," "should," "would," "anticipate,"
"project," "outlook," "believe," "intend," and similar phrases as
they relate to SigmaTel or future events are intended to identify
such forward-looking statements. These forward-looking statements
reflect the current views and assumptions of SigmaTel, but are
subject to various risks and uncertainties that could cause actual
results to differ materially from expectations. A number of
important factors could cause actual results to differ materially
from those in the forward-looking statements, and there will be
events in the future that SigmaTel is not able to accurately
predict or control. For a discussion of factors that could impact
SigmaTel's financial results and cause actual results to differ
materially from those in the forward-looking statements, please
refer to recent SigmaTel filings with the SEC, particularly the
form 10-K that was filed on February 24, 2006, and the form 10-Q
filed on August 9, 2006. SigmaTel is a registered trademark of
SigmaTel, Inc. All other products and brand names as they appear in
this release are trademarks or registered trademarks of their
respective holders. All specifications may be changed without
notice.
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