ZHUHAI, China, May 1 /PRNewswire-Asia/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today announced that two new product series will commence volume shipments in May 2009.
The Series 3 product line will be featured in audio media players and personal media player products with mono displays. Actions' Series 3 features a highly integrated design and pin-to-pin compatibility with the Series 11 product line while reducing material costs, R&D efforts for downstream customers and time to market. The Series 3 boasts significant improvements in power management, increasing power efficiency by over 30%, and features a new USB function and is compatible with SD/MMC/MS cards for enhanced transfer speeds.
Actions' new Automotive Series features a 48-pin cost effective design and is compatible with all of the three storage bases typical in the automotive segment: host, NAND flash and cards. This new product line will replace the automotive solutions of its ATJ2063 product family.
"We are very excited to further expand our product portfolio and offer these new product lines to our customers. Both the Series 3 and Automotive Series products are targeted at value oriented end markets, a sector of the consumer electronics market that has experienced significant growth, particularly in China and other emerging markets," stated Mr. 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, Shanghai, and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.
"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 most recently filed Forms F-1, 20-F and 6-Ks. Actions Semiconductor undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
Investor Contacts:
Lisa Laukkanen Jimmy Liu
The Blueshirt Group Investor Relations at Actions Semiconductor
lisa@blueshirtgroup.com jimmy@actions-semi.com
415-217-4967 +86-21-5080-3900*1211
