Actions Semiconductor Launches the S900VR and the V700 28-nm Chipsets for Virtual Reality Devices

ZHUHAI, China, July 26, 2016 /PRNewswire/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS) ("Actions Semiconductor" or "the Company"), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, announced today that its wholly-owned subsidiary Actions Technology (Zhuhai) ("Actions Technology") has released two high performance chipsets based on 28 nm process technology, the S900VR and the V700, targeting the fast growing virtual reality market. The Company launched the new products at a media event held at JW Marriot Hotel in Shenzhen earlier today.

The S900VR is an all-in-one solution designed for high performance 360 degree panoramic virtual reality devices. Rooted in Actions' S900 28-nm chipset, the S900VR features 64-bit architecture and a quad-core ARM Cortex-A53 processor, as well as a world-class Imagination PowerVR G6230 GPU. The S900VR provides up to 4K video and image effects with high refresh rates and a low persistence display to minimize cybersickness, as well as latencies below 20ms. It provides superior performance and supports up to 2560x1600@60fps LCD display and all standard video decoding playback capabilities which includes FHD 1080P@60fps / H.265 HEVC 4K x 2K@30fps video decoder. The S900VR supports 4K UHD, 360 degree panoramic video playback, distortion and dispersion adjustment technology, pupillary distance adjustment and left and right split-screen technology. 

The V700 offers an all-in-one virtual reality solution for mid-end, 360 degree panoramic virtual reality devices with an attractive price-to-performance ratio.  An extension of Actions' GT7 28-nm chipset, the V700 features 64-bit architecture, a quad-core ARM Cortex-A53 CPU and a high performance ARM Mali-450 GPU. Its compact integrated VPU is qualified for almost full format video decoding/encoding capabilities and the V700's advanced Display Engine is designed for displaying 4K video and image effects with high refresh rates and a low persistence display to minimize cybersickness. It supports up to 1920x1080@60fps LCD display and all standard video decoding playback capabilities which includes FHD 1080P@60fps / H.265 HEVC 4K x 2K@30fps video decoder.

Both the S900VR and the V700 have rich peripheral interfaces, providing customers with convenient expansion options, and the ability to integrate with a wide variety of ports. They also incorporate Actions' newest generation ultra low power design, maximizing power efficiency and reducing residual heat.

"We have leveraged our portfolio of 28-nm chipsets to extend our product offerings to address the fast growing virtual reality market.  Our new all-in-one virtual reality solutions offer leading edge features including 4K UHD, 360 degree panoramic video playback, split-screen and 2D/3D technology and adaptive video playback mode. True to Actions' 15 years of audio experience, the S900VR and the V700 provide end users superior 3D surround sound along with latencies below 20ms and low power consumption, ultimately resulting in a superior virtual reality experience. We believe the S900VR and the V700 are compelling solutions with attractive BOM costs that will appeal to manufacturers of virtual reality headsets. We are excited about the opportunities in this market and plan to launch additional products in the near future," said Dr. Zhenyu Zhou, CEO of Actions Semiconductor.

About Actions Technology (Zhuhai)

Actions Technology is a wholly owned subsidiary of Actions Semiconductor Co. Ltd. and focuses on solutions for smart handheld and smart home devices. Its main products are tablets, Bluetooth-enabled boom box solutions and virtual reality device solutions, along with total product and technology solutions based on the Android platform. These products feature high performance, low power multi-core CPUs and GPUs, supporting high resolution displays and wireless connectivity. Actions Technology currently has nearly 500 employees, 425 of whom are engineers. Among these engineers, more than half have over three years of research and development experience. Actions Technology is ranked among the first in terms of engineering talent, project experience and product quality within the IC design industry in China.

About Actions Semiconductor

Actions Semiconductor is one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (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. 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 Shanghai, Shenzhen, Hong Kong and Taipei. 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 the outlook for its new S900VR and V700 chipsets, customer acceptance of the Actions Semiconductor's new products and corresponding increases in market share and Actions Semiconductor's belief that it is positioned to capture some upside from its new products.  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 fourth 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.

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