ZHUHAI, China, Jan. 9, 2013 /PRNewswire/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), 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, and Shenzhen RAmos Digital Technology Co., Ltd., a leading brand Consumer Electronics (CE) company based in Shenzhen, China, announced earlier this week at the Consumer Electronics Show in Las Vegas, the introduction of the RAmos W41, 9.4" Tablet PC product featuring ATM7029, the first chipset of the OWL Series high performance multi-core tablet SOC, from Actions Semiconductor.
"As a leading Consumer Electronics brand in China, we are pleased to partner with Actions Semiconductor to be one of the first companies to deliver products integrating Actions' ATM7029 chipset," stated Mr. Hungpo Ho, President of RAmos. "By adopting Actions' ATM7029 chipset, we believe our W41 product will deliver an exceptional user experience to our customers," concluded Mr. Ho.
"We are proud to collaborate with RAmos and we believe that Ramos' adoption of our chipset indicates broader acceptance of our new OWL Series SOC within the tablet market," commented Dr. Zhenyu Zhou, CEO of Actions Semiconductor. "Actions is one of the first companies in China to provide the multi-core CPU SoC beyond dual CPU solution to the Tablet market and ATM7029 is the first chipset of Actions' OWL Series. RAmos' decision to utilize our ATM7029 chipset for the W41 Tablet PC affirms their confidence in the integrity and performance of our products. We are excited to see continued recognition by leading brand name customers in China and we are focused on expanding our customer base and continuing to gain market share," concluded Dr. Zhou.
About RAmos Digital Technology
Shenzhen RAmos Digital Technology Co., Ltd. is a leading brand Consumer Electronics (CE) company in Shenzhen, China. RAmos Digital Technology Co., Ltd. is a venture company founded by excellent semi-conductor professionals. Since its inception in 2001, RAmos has been recognized as the top CE brand company for many years in China. RAmos is focused on offering innovative, feature-rich products and solutions that are consistent market share leaders. RAmos is a leader in supplying turnkey solutions and major components for the Tablet PC, Digital Video and Audio consumer electronics markets. Additional information can be found at http://srdtcl.en.china.cn/.
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 and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.
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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.