Saifun Extends its Licensing Agreement with Japanese Licensee

NETANYA, Israel, February 13, 2006 - Saifun Semiconductors Ltd., a provider of intellectual property solutions for the non-volatile memory (NVM) market, today announced that the company has extended its licensing agreement with one of its Japanese licensees, a major consumer electronics manufacturer, to provide Saifun NROM® technology.  Under terms of the agreement, the Japanese company will license Saifun’s NROM technology for use with its SiP (System in Package) in addition to embedded NVM products.

 “We believe that extending our agreement with our Japanese licensee is another confirmation of our technology’s added value to our licensees and our strong position as a supplier of advanced high-density flash and embedded flash technology,” said Kobi Rozengarten, President of Saifun Semiconductors. “We are pleased that through this agreement we will continue to support our Japanese licensee in their development activities.”

About Saifun Semiconductors Ltd.
Saifun is a provider of intellectual property (IP) solutions for the non-volatile memory (NVM) market. The company’s innovative Saifun NROM® technology allows semiconductor manufacturers to deliver high performance, reliable products at a lower cost per megabit, with greater storage capacity, using a single process for all NVM applications. Saifun licenses its IP to semiconductor manufacturers who use this technology to develop and manufacture a variety of stand-alone and embedded NVM products. These include Flash memory for the telecommunications, consumer electronic, networking and automotive markets. Among the companies licensing Saifun NROM are Infineon Technologies, Macronix International, MEI (Panasonic), Sony Corporation, SMIC, Spansion, and Tower Semiconductors. For more information please check out our website: www.saifun.com