SANTA CLARA, CA - 16 July, 2003 - Netergy Microelectronics, Inc., a subsidiary of 8x8, Inc. (NASDAQ: EGHT), and Myson Century Inc., announced today that Myson Century has licensed Netergy's voice over IP (VoIP) Audacity-T2 and T2U semiconductor products and Veracity software.
Under the terms of the agreement, Myson Century has obtained rights to sell T2 and T2U based semiconductor products bundled with the Veracity software. In return, Myson will pay Netergy a license fee and royalties will be due to Netergy for each T2 and T2U chip Myson sells.
The Audacity-T2 product family is a high performance, system-on-a-chip that contains a unified RISC/DSP processor optimized for voice over IP applications. The T2U contains dual Ethernet 10/100BT MAC's, an ATM Utopia bus, and sufficient on chip memory to eliminate the need for external SRAM or DRAM. The Veracity software suite provides all of the industry standard call control protocols deployed in VoIP networks today including H.323v4, SIP, MGCP and Megaco as well as the G.7xx series of audio codecs, and network functions.
"Myson is pleased to be working with Netergy to address the growing opportunity of the VoIP market," said Jeffrey Y. Tang, Myson Century's president. "The Netergy VoIP technology is an excellent compliment to our other product lines."
"Myson provides Netergy with an additional sales channel with which to bring our technology to market," said Christopher Peters, Netergy's CEO. "Myson's technical expertise and proven success in the networking market are key to their success in the VoIP business".
About Myson Century, Inc.
Founded in 1990, Myson Century is a leading supplier of semiconductors for flat panel display technologies, ethernet switches and hubs, as well as networking-optimized connectivity solutions such as USB and internet access devices. Myson Century, headquartered in Hsinchu Science-Based Park, Taiwan, R.O.C, is listed in the Over-The-Counter (OTC) in the Taiwan stock trade market and employs over 300 people worldwide. For more information visit www.myson.com.tw.
About Netergy Microelectronics, Inc.
Netergy Microelectronics, Inc., a subsidiary of 8x8, Inc. (NASDQ: EGHT) is a leading, global provider of semiconductor and software solutions for the delivery of packet-based communications over broadband networks. Netergy focuses on embedded, packetized voice, video, and networking solutions targeted for applications such as Voice-over-IP (VoIP) phones, IP videophones, enterprise and residential gateways, Internet Access Devices (IADs), Voice-over-Broadband (VoB) modems and networked appliances. For more information, visit www.netergymicro.com
About 8x8, Inc.
8x8, Inc. offers the Packet8 broadband telephony service (www.packet8.net), consumer videophones, hosted iPBX solutions (through its subsidiary Centile, Inc.), and voice and video semiconductors and related software (through its subsidiary Netergy Microelectronics, Inc.). For more information, visit 8x8's web site at www.8x8.com.
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements relating to the payment to us of a license fee and future royalties. Investors are cautioned that these statements involve risks and uncertainties, and actual results could be materially different from those discussed in this news release. These risks include the risk of non-payment of the licensee fee or any future royalties. There is no guarantee that all, or any, of the license fee and royalties will be actually paid to Netergy. Further information on factors that could affect the actual results of 8x8, Inc. and Netergy are included in 8x8, Inc.'s Annual Report on Form 10-K for the fiscal year ended March 31, 2003, which is on file with the Securities and Exchange Commission. Neither 8x8 nor Netergy assume any obligation to revise or update any forward-looking statements contained in this press release that becomes untrue because of subsequent events.
NOTE: Netergy Microelectronics, Audacity and Veracity and 8x8 are trademarks of 8x8, Inc.