SANTA CLARA, Calif., November 19, 2003 -- Netergy Microelectronics, Inc., a subsidiary of 8x8, Inc. (NASDAQ: EGHT), and Leadtek Research, Inc., announced today that Leadtek has acquired Netergy's VIP1 video semiconductor development effort.
The VIP1 is an H.264 enabled voice and video-over-packet (VVoP) processor targeted for IP video communication applications. The VIP1 provides superior voice and video processing performance and versatile interfaces in a highly integrated, low cost semiconductor solution, while providing the flexibility desired for customer product differentiation. Under the terms of the acquisition agreement, Leadtek acquired the VIP1 development activities, key engineers, software tools and equipment.
"Leadtek and Netergy have been working together for many years on video communications, " said K. S. Lu, Leadtek's CEO. "Acquiring the VIP1 project is a natural evolution of our efforts to provide our customers with the best video communication appliances possible."
"We are pleased to be able to transfer the VIP1 video project to a capable partner such as Leadtek," said Christopher Peters, Netergy's CEO. "This transaction allows Netergy to focus on our voice-over-IP (VoIP) customer base, and assures the continued evolution of low cost, high quality videophones for 8x8's Packet8 IP telephony service."
About Leadtek Research, Inc.
Founded in 1986, Leadtek Research, Inc. is a research and development company, which specializes in the design and manufacturing of a wide range of high performance graphics, video and motherboard solutions. With a wide range of products from 3D Graphics, Multimedia, Motherboards, platforms for Video Conferencing, Video Surveillance, GPS Navigation, and Wireless Communication, Leadtek has its sights set on providing Total Systems and Total Solutions for entry level and professional users. Also, Leadtek will continue to focus on researching and developing leading technologies to satisfy customer needs and accomplish its motto, "We Make Dreams a Reality."
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 and networking solutions targeted for applications such as Voice-over-IP (VoIP) phones, 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-over-IP semiconductors and related software (through its subsidiary Netergy Microelectronics, Inc.). For more information, visit 8x8's web site at www.8x8.com.
NOTE: Netergy Microelectronics, Packet8 and 8x8 are trademarks of 8x8, Inc.