Actions Semiconductor Enhances Strategic Partnership With SRS Labs, Inc.
November 17 2006 - 8:30AM
PR Newswire (US)
ZHUHAI, China, Nov. 17 /PRNewswire-FirstCall/ -- Actions
Semiconductor Co., Ltd. ("Actions") (NASDAQ:ACTS), one of China's
leading fabless semiconductor companies that provides comprehensive
mixed-signal system-on-a-chip solutions ("SoC") for portable
consumer electronics, today held a press conference in Shenzhen,
China and announced that it will establish a joint certification
laboratory with SRS Labs, Inc. ("SRS") (NASDAQ:SRSL). SRS, or Sound
Retrieval System, is one of the most powerful and immersive sound
technologies. Actions' products featured with SRS technology will
enable portable multimedia devices to deliver users cinema-like
experience with virtual surround sound through headphones. As a
global leader in surround sound technology, SRS highly regards
Actions' efforts in innovation and remarkable achievements in the
PMP market. Currently, Actions and SRS cooperate closely on most of
Actions' product lines. Further, the two industry leaders will
jointly establish the only external SRS certification lab in the
Greater China Region. Downstream customers using Actions' chips
will have convenient access to SRS WOW and WOW HD technology and
they will enjoy simplified certification services. These customers
can also be authorized to use the joint designation of "Actions
& SRS." "We are excited by this opportunity to expand the
collaboration efforts between two industry leaders. This
partnership will definitely bring the industry competitive products
with advanced capabilities. We will continue to cooperate with a
number of top technology partners in different fields to continue
to deliver innovative, high quality products and services to the
market," stated Nan Horng Yeh, CEO of Actions Semiconductor. About
Actions Semiconductor Actions Semiconductor is one of China's
leading fabless semiconductor companies that provides mixed-signal
and multimedia 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 and the providers of those 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
Beijing and Shenzen. For more information, please visit the Actions
Semiconductor website at http://www.actions-semi.com/ . About SRS
Labs, Inc. SRS Labs develops advanced audio and communications
technology that optimizes and improves the listening experience
through techniques based on the latest research into the human
auditory system. With over 600 million products shipped worldwide,
SRS Labs is a leader in audio. Incorporated in products ranging
from HDTVs and mobile phones to PCs and automotive entertainment,
SRS Labs audio and speech signal processing provides the best
possible sound on every form factor and in every environment. SRS
Labs surround sound solutions enable the professional broadcast and
recording industries with high-performance production, back-haul,
storage, and transmission capability. SRS Labs supports
manufacturers worldwide with offices in the US, China, Europe,
Japan, Korea and Taiwan. "Safe Harbor" Statement Under the Private
Securities Litigation Reform Act of 1995 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. Forward-looking statements,
including financial projections and forecasts, involve risks and
uncertainties that could cause Actions Semiconductor's actual
results to differ materially from our current expectations. Factors
that could cause Actions Semiconductor's results to differ
materially from those set forth in these forward-looking statements
include 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
Registration Statement on Form F-1 related to our initial public
offering and secondary offering. Actions Semiconductor undertakes
no obligation to update or revise forward-looking statements to
reflect subsequent events or changed assumptions or circumstances.
DATASOURCE: Actions Semiconductor Co., Ltd. CONTACT: investors, or
Suzanne Craig, +1-415-217-4962, or , or Lisa Laukkanen,
+1-415-217-4967, or , both of The Blueshirt Group, for Actions
Semiconductor; or Chung Hsu, +86-756-3392-353, ext. 1015, or , or
Calvin Lau, +86-756-3392-353, ext. 1018, or , Investor Relations at
Actions Semiconductor Web site: http://www.actions-semi.com/
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