NeoMagic Ramps Shipment of MiMagic 6+ to Support Market Demand for Neonode's N2 Multimedia Phone
July 19 2007 - 9:00AM
PR Newswire (US)
SANTA CLARA, Calif., July 19 /PRNewswire-FirstCall/ -- NeoMagic
Corporation (NASDAQ:NMGC), announced today that it is ramping
shipments of the MiMagic 6+ application processor for Neonode to
meet the anticipated demand from a growing number of customers for
Neonode's latest N2 multimedia phone. The newest addition to
Neonode's growing customer list is the mobile operator Telenor and
its retail outlet Telenor Express. Telenor is expected to start
sale of the N2 device in September 2007. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO) Other
Neonode customers include Myphone, a distributor in Europe for
operators such as Vodaphone and Wind, and AEG Portuguesa, S.A., one
of the major distributors of cell phones and accessories in
Portugal with a presence in Brazil, Mozambique, Angola and Cabo
Verde. "Neonode's N2 phone is a fantastic product. We are pleased
that NeoMagic'c MiMagic 6+ multimedia application processor has
enabled Neonode to produce such an innovative device," said Douglas
Young, President and CEO of NeoMagic Corporation. "We are
witnessing a growing market acceptance for a new class of touch-
screen only handsets. NeoMagic's unique architecture and Neonode's
pioneering design have resulted in a best of breed device in this
new class of handsets. The N2 has a host of multimedia features, a
patented sweep touch-screen user interface and a unique small
form-factor. We are continuing to work closely with NeoMagic to
develop and bring innovative products to the market," said Mikael
Hagman CEO of Neonode 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 27 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 (NASDAQ:SBEI). 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 statements regarding the
growing acceptance of touch screen-only handsets, the growth in
Neonode's customer base and sales, and future product development.
These forward-looking statements reflect current expectations.
However, actual events and results could vary significantly based
on a variety of factors. In particular, since Neonode is
introducing a new product to market, forecasts are inherently
uncertain. Neonode's shipments will depend upon market acceptance
of Neonode's products and could be affected by production delays or
other problems. 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. 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.
http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO
http://photoarchive.ap.org/ DATASOURCE: NeoMagic Corporation
CONTACT: Nadeem Rahman, Director of Product Marketing of NeoMagic
Corporation, +1-408-486-3976; or investors, Erica Mannion of
Sapphire Investor Relations, +1-212-766-1800, for NeoMagic
Corporation Web site: http://www.neomagic.com/
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