Inbrics Demonstrates Continual Growth With Acquisition of Semiconductor Design Outfit, Nexilion

BARCELONA, Spain, Feb. 15 /PRNewswire/ -- Inbrics (www.inbrics.com), a leader in media convergence solutions announces its acquisition of publically traded semiconductor design group, Nexilion (Kosdaq A098400). This strategic move will integrate proprietary mobile TV chipset and SoC (System On Chip) technology with Inbrics' cutting-edge products like MID, SoIP and Femtocell and convergence offerings of parent company Insprit (Kosdaq 073130), such as Android, DCD, IP push, 3-Screen Plus and 4G data platforms. This acquisition further solidifies the Korea-based developer's position at the forefront of the global next-generation media convergence market.

"This exciting venture pushes Inbrics further onto the world stage as a pioneer of convergence technology," said Bobby Cha, chief marketing officer at Inbrics. "Our growth strategy continues to optimize our technological capabilities and enhance our global thought leadership. We are delighted by the industry's response to our unique media convergence solutions and the international momentum for our approaching worldwide launch."

The company kicked off 2010 at International CES with the successful premiere of its MID M1, an Android-powered smartphone-like device. The MID M1 is uniquely equipped with Wi-Fi 802.11 and an AMOLED touch screen that slides to reveal a full QWERTY keyboard. Other features include GPS, Bluetooth, 3G or WiMAX, a 3-megapixel camera on the back, a VGA camera on the front, 16GB of internal memory and a MicroSD card slot. The device was well received by thousands of industry influencers at CES and will be further spotlighted at Mobile World Congress 2010 in Barcelona and CTIA Wireless 2010 in Las Vegas.

Inbrics' technology resolves rising consumer demand for digital solutions that efficiently push data, such as movies and photos, across multiple devices at a rapid pace. Most devices in the home or business cannot talk to each other and thus are not equipped to streamline the process of sharing and accessing data across more than one device. The Convergence One or 3-Screen Plus Android platform developed by Inbrics' parent company, Insprit, promises to make it easy for consumers to access and share digital photos, music, movies and more across multiple devices.

Both Inbrics & Insprit currently have partnerships with global carriers and manufacturers including T-Mobile, SK Telecom, Korea Telecom, China Mobile, China Unicom, Celcom, Samsung, LG, and Kyocera. The company has plans to continue to expand aggressively in the next few years particularly in the U.S., Europe, and China.

About Inbrics

Inbrics develops IP based next generation devices such as MID, VoIP/SoIP, WiBro/WiMax devices based on Android. Since its inception in 2006, Inbrics has lead the IP based device market in Korea and accelerated its international expansion in the Americas, Europe, Asia, etc. Inbrics is a subsidiary of Insprit, a mobile convergence solutions provider, publically traded on the KOSDAQ exchange in Korea. The company is based in Seoul, Korea. For more information, visit www.inbrics.com or watch our video ad on YouTube.

About Insprit

Insprit is a media convergence solution and network infrastructure solution provider.  It facilitates 3 screen services through its convergence network solutions, 3-Screen S/W platforms, multimedia solutions and embedded S/W. Leveraging years of experience with all of the major telecom carriers in Korea, Insprit continues to push the envelope in developing convergence solutions that propel wireless and fixed carriers to offer advanced communication services to their subscribers. Insprit is the parent company of Inbrics and is publically traded on the KOSDAQ exchange in Korea. For more information, visit www.insprit.com.

SOURCE Inbrics