San Jose, Calif. - April 25, 2002- Parthus Technologies (Nasdaq: PRTH, LSE: PRH), a leading provider of platform-level intellectual property targeting the mobile Internet, and Telematix Corporation, a leading provider of multi-protocol wireless networking technology, today announced a strategic partnership to develop and market wireless networking intellectual property for the 802.11 WLAN market.
As part of the partnership, Parthus will exploit Telematix' unique packet processing technology, called PacketGenie™, which has been optimised for IEEE 802.11 multi-protocol wireless networking applications. Leveraging PacketGenie™ greatly reduces the chip size and power dissipation of 802.11 Integrated Circuits.
Kevin Fielding, president of Parthus said; "Telematix' PacketGenie™ technology offers compelling advantages in being able to offer multi-protocol wireless solution, such as 802.11g and Hyper-LAN, with a fraction of silicon size and power dissipation of existing approaches. We are pleased to leverage this technology which we believe will be key in Parthus establishing leadership in the 802.11 W-LAN market, building on our number one position in Bluetooth W-LAN."
Raheel Khan, CEO of Telematix Corporation said; "We are very excited about our strategic partnership with Parthus Technologies. Parthus not only provides Telematix with global reach, but we believe their market leadership in Bluetooth and GPS IP will hasten the establishment of PacketGenie™ as the bench-mark solution for WLAN IP technology."
802.11 is a family of specifications for wireless local area networks (WLANs) developed by a working group of the Institute of Electrical and Electronics Engineers (IEEE). There are currently three specifications in the family: 802.11, 802.11a and 802.11b. The most recently proposed standard, 802.11g (which will be added late this year), offers wireless transmission in the 2.4 GHz ISM band at data rates up to 54 megabits per second (Mbps) compared with the 11 megabits per second of the 802.11b standard.
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Telematix Corporation is a leading developer of secure, high-performance and robust multi-protocol technology for wired and wireless communication applications. Telematix's initial products are focused on wireless local area networking for the home and enterprise markets. Telematix is driving the evolution of next generation WLAN technologies by extending the range of wireless networks while maintaining an unsurpassed level of link reliability. Telematix's technology makes it possible to use unlicensed band wireless technology to simultaneously deliver voice, video and data to multiple clients within a single network.
Parthus Safe Harbor Statement
This document may contain "forward looking statements". Any "forward looking statements" in this document are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including, without limitation, statements to the effect that the company or its management "believes," "expects," "anticipates," "plans" and similar expressions) should be considered forward-looking statements. Important factors that could cause actual results to differ from those indicated by such forward-looking statements include uncertainties relating to the ability of management to complete the planned merger with Ceva, Inc. and to successfully integrate the operations of the two companies, uncertainties relating to the acceptance of semiconductor intellectual property offerings, expansion of our business, quarterly variations in results, and other uncertainties that are discussed in our 2000 Annual Report on Form 20-F which is on file with the SEC since June 26, 2001.