NeoMagic's MiMagic 6+ Powers Neonode's New N2 Smart Phone
February 13 2007 - 7:00AM
PR Newswire (US)
SANTA CLARA, Calif., Feb. 13 /PRNewswire-FirstCall/ -- NeoMagic
Corporation (NASDAQ:NMGC), announced today that its MiMagic 6+
applications processor is used to power Neonode's newly launched N2
smart phone device. In this device, MiMagic 6+ is the host
applications processor enabling all the multimedia features in
addition to running the Windows CE 5.0 operating system and the
user interface. The N2 is a smart phone product with a unique form-
factor, a very innovative touch-screen controlled user interface
and a host of multimedia features. The MiMagic 6+ processor uses a
proprietary associative processing array based multimedia engine
that is fully programmable and enables very low power and high
performance multimedia features in mobile devices. The power of
MiMagic 6+ brings many hours of high performance multimedia to the
N2 users. "The programmability and high performance along with its
very low power operation makes MiMagic 6+ an ideal platform for the
N2 and future generation products from Neonode. New software can be
easily deployed on MiMagic 6+ to add new multimedia features. This
makes it very quick, easy and cost effective to build upon the N2
to bring more products to the market in the near future," said
Thomas Eriksson, CTO at Neonode AB. "We believe NeoMagic's
innovative architecture combined with Neonode's unique product
design is a winning combination. We look forward to continuing our
work with Neonode to bring more exciting products to the market,"
said Douglas Young, President and CEO of NeoMagic Corporation.
About NeoMagic NeoMagic Corporation delivers semiconductor chips
and software that provide mobile solutions that enable new
multimedia features for handheld devices. These solutions offer low
power consumption, small form-factor and high performance
processing. The Company demonstrated one of the first solutions
used for H.264 video decoding in a mobile digital TV phone, and is
developing and delivering solutions for audio/video processing of
the dominant mobile digital TV standards, including ISDB-T, T-DMB,
E-DMB and DVB-H. For its complete system solution, NeoMagic
delivers a suite of middleware and sample applications for imaging,
video and audio functionality, and provides multiple operating
system ports with customized drivers for the MiMagic product
family. NeoMagic has a patent portfolio of over 25 patents that
cover NeoMagic's proprietary array processing technology, embedded
DRAM and other technology. Information on the Company may be found
on the World Wide Web at http://www.neomagic.com/. About Neonode
Neonode AB was founded in 2001 and is a Swedish developer of mobile
devices. Neonode's mobile products are based on patented
technologies enabling a unique design and user experience. These
products are also based on an open and upgradeable platform
minimizing the need for constantly updating the hardware. Neonode
Inc. has recently announced the execution of definitive merger
agreement with SBE, Inc. a publicly traded company. After
shareholder approval of the merger, the combined company will be
headquartered in Stockholm, Sweden. This press release contains
forward-looking statements within the meaning of the Securities Act
of 1933 and the Securities Exchange Act of 1934, including the
Company's plans to continue shipping products to Neonode, Neonode's
use of the MiMagic 6+ to add new multimedia features to its current
or future generation products, and Neonode's plans to bring more
products to the market in the future. These forward-looking
statements reflect current expectations. However, actual events and
results could vary significantly based on a variety of factors,
including but not limited to the market acceptance of Neonode's
products. Neonode does not have a contract with the Company that
specifies a minimum level of purchases of the Company's products or
that provides for any ongoing development projects utilizing the
Company's products. Neonode could stop purchasing products from the
Company at any time or switch to other vendors. Additional risks
that could affect the Company's future operating results are more
fully described in the Company's most recent annual report, its
most recent quarterly report and other filings with the United
States Securities and Exchange Commission (SEC), and are available
online at http://www.sec.gov/ . NeoMagic may, from time to time,
make additional written or oral forward-looking statements,
including statements contained in filings with the SEC and reports
to shareholders. NeoMagic does not undertake the obligation to
update any forward-looking statements that may be made by or on
behalf of the company, except as may be required by law. NOTE:
NeoMagic and the NeoMagic circle logo are registered trademarks,
and MiMagic and NeoMobileTV are trademarks, of NeoMagic
Corporation. All other trademarks are the property of their
respective owners. NeoMagic disclaims any proprietary interest in
the marks and names of others. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO )
http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO
http://photoarchive.ap.org/ DATASOURCE: NeoMagic Corporation
CONTACT: Scott Sullinger, Chief Financial Officer of NeoMagic
Corporation, +1-408-988-7020; or Erica Mannion of Sapphire Investor
Relations, LLC, +1-212-766-1800, for NeoMagic Corporation Web site:
http://www.neomagic.com/
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