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Actions Semiconductor Launches New ATM702X Product Family

Oct 18, 2012 (04:10 PM EDT)
URL: http://www.techweb.com/show-press-release/X928941/actions-semiconductor-launches-new-atm702x-product-family.html

ZHUHAI, China, Oct. 18, 2012 /PRNewswire/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, today announced the introduction of its new ATM702X product family. 

Actions' ATM702X product family supports the latest version of the AndroidTM operating system, Android 4.1 Jelly Bean.  With the ARM® CortexTM multi-core CPU and a very powerful GPU core providing unprecedented levels of performance and power efficiency, the built-in full spec 1080p video encode and decode engine and USB 3.0 PHY integration, ATM702X brings faster, high-speed multimedia capabilities to tablets. 

"Actions Semiconductor is pleased to be one of the first leading companies to provide a high performance tablet SoC beyond dual core CPU and to integrate USB 3.0 PHY into SoCs.  The ATM702X addresses the tablet markets' demand for higher performance and energy efficiency," stated Dr. Zhenyu Zhou, CEO of Actions Semiconductor.  "We believe the tablet market represents a key growth segment for Actions.  The launch of the ATM702X product family marks an important milestone in our journey to expand our product offering in the mobile Internet enabled multimedia market.  We remain excited about the long-term growth opportunities for our family of tablet products."

About Actions Semiconductor                                                             

Actions Semiconductor is one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (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.  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 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. Such forward-looking statements include statements concerning signs of positive indicators in the industry for next year, growth in the market driven by continued proliferation of applications within the PMP market and incremental rebound of overall demand for these products, Actions Semiconductor's belief that it is positioned to capture some upside from these trends, and Actions Semiconductor's future expectations with respect to revenue, gross margin, operating expenses and share-based compensation expense.  Actions Semiconductor uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are estimates reflecting current assumptions, expectations and projections about future events and involve significant risks, both known and unknown, uncertainties and other factors that may cause Actions Semiconductor's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, 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. Other unknown or unpredictable factors also could have material adverse effects on Actions Semiconductor's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, Actions Semiconductor undertakes no obligation and does not intend to update or revise any forward-looking statement to reflect subsequent events or changed assumptions or circumstances.

 

Investor Contacts:

Lisa Laukkanen                                  

Edward Chen

The Blueshirt Group                           

Investor Relations at Actions Semiconductor

lisa@blueshirtgroup.com                   

edward@actions-semi.com

415-217-4967                                                 

+86-756-3392353*1110



SOURCE Actions Semiconductor Co., Ltd.