LG Innotek Selects NeoMagic's MiMagic 6+ Multimedia Processor for Its Second Wireless Camera Product
March 19 2007 - 10:00AM
PR Newswire (US)
SANTA CLARA, Calif., March 19 /PRNewswire-FirstCall/ -- NeoMagic
Corporation (NASDAQ:NMGC) announced today that LG Innotek is using
NeoMagic's MiMagic 6+ Multimedia Processor for a follow-on wireless
security camera product. In October 2006, NeoMagic announced that
LG Innotek was using the MiMagic 6+ in a wireless security camera
product. The product announced in October is currently shipping to
customers. This new announcement is for a next generation wireless
camera that offers upgraded features, including higher resolution
H.264 video and enhanced audio capability. The new wireless camera
also captures video and audio and then delivers the data to a PC
server for remote monitoring. The MiMagic 6+ processor uses a
proprietary, fully programmable multimedia engine based on parallel
processing technology. This multimedia engine can support many
popular codecs, including H.264, MPEG4, MJPEG and JPEG encoding.
The MiMagic 6+ also enables an array of image enhancement features
including linear zoom, image stabilization and low-light
enhancement. "The H.264 video encoding capability and the array of
image enhancement features has given us great flexibility and a
distinctive edge in our products. The versatility of the MiMagic 6+
makes it an excellent platform to support our security camera
product roadmap," said Mr. Chang Ki Chul, Chief Research Engineer
at LG Innotek. "We are very pleased to be in the second wireless
camera product by LG Innotek. This show of confidence reinforces
the strength of our products and technology. We continue to work
with LG Innotek and hope to support their efforts to bring more new
products to market in the future," said Douglas Young, President
and CEO of NeoMagic Corporation. LG Innotek's latest security
camera is scheduled for market introduction in April of 2007. 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, 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 LG Innotek Co., Ltd.
Founded in 1970, LG Innotek Co., Ltd, a division of LG Group, is a
global market leader in the manufacture and sale of key electronic
components and modules in the areas of digital information-based
mobile telecommunications, displays, networks and car electronics.
LG Innotek's products include: LCD modules, LEDs (light emitting
diodes), camera modules, power modules (Inverter, DC/DC Converter,
IPM, PSU and MCM), digital tuner and wireless communications
modules (Bluetooth, Wireless LAN and Wireless Modem). With a solid
background in developing high quality, innovative solutions while
anticipating market expectations, LG Innotek is consistently
delivering core technology for the future. LG Innotek continues to
pioneer the development of next generation products for
applications such as Telematics and RFID. The company has its
headquarters in Seoul, Korea with sales and development offices
around the world. LG Innotek has generated annual sales of over US$
1.2 billion to customers such as LG, Motorola, Nokia, Sharp and
Sony. Information on the company may be found on the World Wide Web
at http://www.lginnotek.com/ 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 LG Innotek and LG
Innotek's planned introduction of the next generation wireless
camera. 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 LG Innotek's products. LG
Innotek does not have a contract with the Company that specifies a
minimum level of purchases. In addition, LG Innotek 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 is a trademark, 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: Douglas R. Young, Chief Executive 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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