Actions Semiconductor Expands Product Offering with the Introduction of New Series 70 Android MID Products
ZHUHAI, China, July 28, 2011 /PRNewswire-Asia/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today announced the introduction of its new Series 70 product family to address the fast growing Android based smart handheld device market (e.g. mobile internet device (MID) and intelligent portable media player (iPMP)). Following a successful sampling program, the new Series 70 product family has been adopted by top tier Chinese brand name customers, with volume production scheduled to begin in August.
With this latest product introduction, Actions is bringing a compelling product offering to the internet-accessible smart handheld device (such as MID and iPMP) market. With the 720P (1280*720 pixel) video engine, built-in HDMI Transmitter (HDMI Tx) and Android 2.2 (Froyo) support, Series 70 allows the user to enjoy a variety of high definition content on a portable device or through television. The support of embedded WiFi or external 3G connectivity and Android Froyo operating system, provides users mobile internet capabilities such as internet browsing, streaming video and instant messenger (IM) on the go. The abundant Android application available today also offers rich sources to extend its applications such as game, eReader, and streaming entertainment. The first two members of the Series 70 family, available now for market, are ATM7001c focused on compact design to support touch panels of 4.3 inches or below, and ATM7001 on five to seven inch LCD touch panels. Series 70 enables a superior performance to cost ratio for Android based smart handheld applications.
"As always, our goal is to create a powerful platform with differentiated features and cost-efficient total solution," stated Mr. Niccolo Chen, CEO of Actions Semiconductor. "With the Android 2.2 support, our customers can easily turn the Series 70 platform to a PMP, Game console, eReader or MID. In addition to the embedded power management unit (PMU) and HDMI Tx, the Series 70 product family also supports DDR2 memory and the latest TLC NAND Flash under 40-bit ECC architecture to achieve the best cost structure at the system level. With its competitive advantages, Series 70 has captured interests from both China-based and international customers."
About Actions Semiconductor
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Beijing, Shanghai, and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements concerning signs of positive indicators in the industry for next year, growth in the market driven by continued proliferation of applications within the PMP market and incremental rebound of overall demand for these products, Actions Semiconductor's belief that it is positioned to capture some upside from these trends, and Actions Semiconductor's future expectations with respect to revenue, gross margin, operating expenses and share-based compensation expense. Actions Semiconductor uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are estimates reflecting current assumptions, expectations and projections about future events and involve significant risks, both known and unknown, uncertainties and other factors that may cause Actions Semiconductor's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; consumer demand; worldwide economic and political conditions; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our most recently filed Forms F-1, 20-F and 6-Ks. Other unknown or unpredictable factors also could have material adverse effects on Actions Semiconductor's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, Actions Semiconductor undertakes no obligation and does not intend to update or revise any forward-looking statement to reflect subsequent events or changed assumptions or circumstances.
SOURCE Actions Semiconductor Co., Ltd.