1/23/2003 - ParthusCeva, Inc. (NASDAQ: PCVA; LSE: PCV), one of the industry's leading providers of licensable Digital Signal Processor (DSP) cores and solutions, announced a relationship with Cirrus Logic, Inc. (Nasdaq: CRUS) for the co-development of products targeting the home entertainment electronics marketplace.
As part of the agreement, both Cirrus and ParthusCeva have supplied development resources and intellectual property to integrate ParthusCeva's InfoStream 2000 platform with Cirrus' high performance analog and DSP chip solutions. The co-development will result in one of the industry's most integrated application/multimedia processing chips. The program will target a broad range of digital and home entertainment products such as set-top boxes, home audio jukeboxes, servers and portable smart connected devices.
"Working with ParthusCeva, one of the leading experts in application and multimedia solutions, will contribute to our leadership of the digital entertainment revolution," said Daryl Sartain, Vice President of Audio Systems Marketing at Cirrus Logic. "We expect that the solutions we are jointly developing will enable the creation of an entirely new generation of digital entertainment devices."
"We are delighted to have formed this relationship with Cirrus that will target digitally connected home entertainment devices," said Gideon Wertheizer, EVP and CTO of ParthusCeva. "Given Cirrus' premier position in personal and home entertainment multimedia technologies, they are an ideal partner for ParthusCeva to leverage our technology and extend our reach into the home entertainment electronics marketplace."
About Cirrus Logic, Inc.
Cirrus Logic is a premier supplier of high-performance analog and DSP chip solutions for consumer entertainment electronics that allow people to see, hear, connect and enjoy digital entertainment. Building on its global market share leadership in audio integrated circuits and its rich mixed-signal patent portfolio, the company targets mainstream audio, video and Internet entertainment applications in the consumer entertainment market. Cirrus Logic operates from headquarters in Austin, Texas, with offices in California, Colorado, Europe, Japan and Asia.
Cirrus Logic is a trademark of Cirrus Logic, Inc.
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