Update: Intellectual Ventures has acquired Transmeta Patent Portfolio on Jan. 28, 2009
Santa Clara, CA – April 7, 2006 - Transmeta Corporation (NASDAQ:TMTA), the leader in efficient computing technologies, today announced it has entered into a series of new project agreements for Transmeta to continue providing design and engineering services to Sony Computer Entertainment Inc. and Sony Corporation (collectively, the "Sony Group"). These agreements mark the second year of the two-year design services agreement between Transmeta and the Sony Group that was announced in March 2005. Transmeta's first set of project agreements with the Sony Group expired by their terms on March 31, 2006, corresponding to the Sony Group's fiscal year end.
The new project agreements provide for Transmeta to perform a variety of design and engineering services for the Sony Group over project periods ranging from three months to one year, ending March 31, 2007. Under the new project agreements, Transmeta initially will provide the services of more than 100 engineers in the second quarter of 2006 to work on advanced projects for Sony Group. Transmeta and the Sony Group are currently discussing additional potential engineering projects for Transmeta to perform for the Sony Group under the design services agreement.
"I am pleased with the excellent execution by our engineering team during the past year, and I am delighted that Sony is moving forward with us in their new fiscal year," commented Arthur L. Swift, president and CEO of Transmeta. "We continue to believe that Transmeta's low power expertise and advanced design capabilities can contribute strongly to Sony's strategy."
About Transmeta Corporation
Transmeta Corporation develops and licenses innovative computing, microprocessor and semiconductor technologies and related intellectual property. Founded in 1995, we first became known for designing, developing and selling our highly efficient x86-compatible software-based microprocessors, which deliver a balance of low power consumption, high performance, low cost and small size suited for diverse computing platforms. We now also provide, through strategic alliances and under contract, engineering services that leverage our microprocessor design and development capabilities. In addition to our microprocessor product and services businesses, we also develop and license advanced power management technologies for controlling leakage and increasing power efficiency in semiconductor and computing devices. To learn more about Transmeta, visit www.transmeta.com.