MIPS Technologies and Intrinsic-ID Team to add Top-level Security to Mobile Platforms

Demonstrating Secure Content Provisioning on MIPS-Based™ Android 4.0 Tablet at Mobile World Congress

SUNNYVALE, CALIF. and EINDHOVEN, THE NETHERLANDS - February 21, 2012 - MIPS Technologies, Inc. (NASDAQ: MIPS), a leading provider of industry-standard processor architectures and cores for digital home, networking and mobile applications, and Intrinsic-ID, a worldwide leader in security solutions delivering semiconductor IP and embedded software products, announced they are teaming to deliver top-level security for MIPS-Based mobile devices. Through the collaboration, MIPS licensees and OEMs can enable their platforms with compelling security-centric applications, such as media content protection, secure payment transactions and secure cloud storage. Intrinsic-ID's security IP is based on patented Hardware Intrinsic Security (HIS) technology, and has been publically endorsed by leading companies in the fields of smartcards, automotive, FPGA and government applications. MIPS and Intrinsic-ID will demonstrate the Intrinsic-ID solution on a MIPS-Based Android 4.0 tablet during Mobile World Congress, being held February 27 - March 1, 2012 in Barcelona, Spain.

"We are delighted that our relationship with MIPS Technologies can bring a new level of security to mobile phones and tablets," said Tony Picard, vice president of business development at Intrinsic-ID. "By teaming up with MIPS Technologies, we can facilitate fast-track integration of security IP in mobile platforms for our common customers. By using our combined IP offering, these customers can deliver Android platforms that enable secure media provisioning and anti-cloning."

"As MIPS Technologies continues to gain traction in the mobile market, we are focused on enabling secure mobile SoCs based on the latest and most innovative technologies. The Intrinsic-ID solution not only eliminates the need to use non-volatile memory for key storage in next-generation chips, but the solution can also be used to secure existing systems in the field. We are pleased to enable this innovative solution for our licensees and their customers," said Gideon Intrater, vice president of marketing, MIPS Technologies.

About Intrinsic-ID

Intrinsic-ID is recognized as a worldwide leader in security solutions, delivering semiconductor IP and embedded software products based on Hardware Intrinsic Security (HIS). Intrinsic-ID leverages its security expertise and product offerings in several markets and applications, including SmartCards, Automotive, Set-Top Box and Pay-TV applications, Networking and Communications and Mobile, as well as Government applications. Intrinsic-ID's security solutions excel through their ease-of-integration in a standard manufacturing flow, their scalability and small area and/or software footprint, which enables mass-scale deployment in cost-sensitive consumer applications.

Intrinsic-ID was founded in 2008 as a spin-out of Royal Philips Electronics and is headquartered in Eindhoven, The Netherlands. Its technology and products leverage many years of industrial development at Philips and have received public endorsement by many leading electronic companies worldwide. For more information visit: www.intrinsic-id.com.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (NASDAQ: MIPS) is a leading provider of industry-standard processor architectures and cores for digital home, networking and mobile applications. The MIPS architecture powers some of the world's most popular products, including broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com.