MIPS Technologies, Inc. (Nasdaq: MIPS), a leading provider of industry-standard processor architectures and cores for digital consumer and business applications, and msystems (Nasdaq: FLSH), a leader in smart personal storage, today announced the joint development of the Safe-SOC(TM) security platform based on msystems' mSafe(TM) security intellectual property (IP) and MIPS Technologies' industry leading processor architecture.
msystems and MIPS Technologies have aligned to optimize and integrate their technologies for the set-top box (STB), digital television (DTV), consumer electronics, networking and mobile markets. The Safe-SOC security platform integrates msystems' patented mSafe cryptographic cores with MIPS Technologies' entire line of CPUs offering customers a robust, flexible and tested security solution. Early access versions of the first jointly developed product are now available for evaluation. General availability is scheduled for the third quarter of 2006.
"msystems has the patented technologies, know-how and track record to offer smarter, best-in-class security solutions to its customers and partners. MIPS Technologies is recognized worldwide for its field-proven architectures and processor cores and for its leadership position in digital TV, set-top box, and other consumer electronics markets that include conditional access and digital rights management technologies," said Rami Koren, msystems' vice president of marketing for security. "Our joint Safe-SOC platform is designed to enable system-on-chip designers to build their applications around a cost-effective and tightly integrated security solution and bring products to market quickly and easily. It's security, made smarter."
"Stringent security is a must-have in the consumer electronics market, especially in the set-top box, conditional access, and mobile markets where valuable digital content needs to be protected. In this environment our customers demand a comprehensive security solution that is tightly integrated with the system's CPU. We've provided just that with the Safe-SOC platform," said Jack Browne, vice president of marketing for MIPS Technologies. "Together with msystems, a leader in the field of security and cryptography, we deliver a host of secure, easy-to-integrate products for the embedded market."
About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and business applications. The company drives the broadest architectural alliance that is delivering 32- and 64-bit embedded RISC solutions. The company licenses its intellectual property to semiconductor companies, ASIC developers and system OEMs. MIPS Technologies and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. The company is based in Mountain View, CA, and can be reached at 650-567-5000 or http://www.mips.com.
msystems has been transforming raw flash material into smarter storage solutions since 1989. From embedded flash drives deployed in millions of mobile handsets to U3 USB smart drives designed for leading global brands, msystems creates, develops, manufactures and markets smart personal storage solutions for a myriad of applications targeting high growth markets. msystems' product lines include:
-- mDrive (formerly DiskOnKey(R)) U3 USB smart drives for personal,
-- mDOC embedded flash drives for mobile handsets and consumer electronics
-- mSIM MegaSIM(R) series high-density SIM cards and mSIM M.MAR(R) series
SIM cards and highly secure cards (available both from msystems and its
-- mCard, high-quality memory cards for mobile handsets and digital
-- mTrust (formerly Xkey(R)) end-to-end enterprise access, control and
management solution for USB flash drives and other removable media
-- mSSD (formerly FFD(TM)) rugged solid state disks for mission-critical
-- mModule (formerly DiskOnChip(R) modular family) modular flash storage
for embedded systems
-- mSafe (formerly SuperMAP(R) family) secure hardware and software crypto
More information is available online at http://www.m-systems.com. msystems. made smarter.
NOTE: MIPS and Safe-SOC are trademarks or registered trademarks of MIPS Technologies, Inc. in the United States and other countries. All other company and product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purposes only. msystems is incorporated as M-Systems Flash Disk Pioneers Ltd.
Safe Harbor Statement by MIPS Technologies, Inc. under the Private Securities Litigation Reform Act of 1995:
Statements made in this news release, other than statements of historical fact, are forward-looking statements, including, for example, statements relating to trends, products, and customer experiences. Forward-looking statements are subject to a number of known and unknown risks and uncertainties, which might cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include MIPS Technologies' ability to forecast product acceptance and adoption of technologies by semiconductor companies; to overcome the challenges associated with establishing licensing relationships with semiconductor companies; to anticipate business and economic conditions generally and in the semiconductor industry in particular; to compete in the market for semiconductor IP platforms; and other risks. For a further discussion of risk factors affecting our business, we refer you to the documents we file from time to time with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended June 30, 2005 and subsequent Forms 10-Q and 8-K. MIPS Technologies, Inc. disclaims any intention or duty to update any forward-looking statements made in this news release.
Safe Harbor Statement by msystems:
This press release includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements, as they are subject to various risks and uncertainties which may cause actual results to vary significantly. These risks include, but are not limited to: the effect of global economic conditions in general and conditions in M-Systems' industry and target markets in particular, shifts in supply and demand, market acceptance, the impact of competitive products and pricing, product development, commercialization and technological difficulties, and capacity and supply constraints including dependence on flash component suppliers; changes in M-Systems' and its customers' inventory levels and inventory valuations; timely product and technology development/upgrades and the ability to manage changes in market conditions as needed; market acceptance of new products and continuing product demand; the impact of competitive products and pricing on msystems' and its customers' products and markets; the development, release and sale of new products by strategic suppliers and customers; the development and growth of anticipated markets for M-Systems' and its customers' products; and other risk factors detailed from time to time in M-Systems' filings with the Securities and Exchange Commission. M-Systems assumes no obligation to update the information in this press release and disclaims any obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Reference to M-Systems' website above does not constitute incorporation of any of the information thereon into this press release.