( BW)(MA-APOGEE/STMICRO)(APGT)(STM) Apogee Technology Announces Exclusive License Agreement with STMicroelectronics for its All-Digital Amplifier Technology
Business/Technology Editors
NORWOOD, Mass.--(BUSINESS WIRE)--Feb. 7, 2001--
Exclusive License to Develop and Market Audio Amplifiers Using Apogee's DDX Technology
Apogee Technology, Inc. (NASDAQ:APGT) announced today that it has signed an exclusive license agreement with STMicroelectronics (NYSE:STM) for its Direct Digital Amplification (DDX(R)) all-digital, high efficiency amplifier technology. This licensing agreement gives STMicroelectronics the exclusive rights to develop, manufacture, and sell products incorporating Apogee's DDX technology. STMicroelectronics will use DDX as the key digital amplification technology in its audio products family. Apogee retains the rights to design and market DDX-based semiconductor products, which will be manufactured exclusively by STMicroelectronics. The companies expect to commence shipping DDX-based products in the second quarter of 2001.
"Our agreement with Apogee is an important step toward further enhancing and expanding our position as the leading provider of audio amplifier solutions," said Dr. Riccardo Ferrari, Audio Business Unit Director at ST, Telecommunication and Peripherals/Automotive Groups. "With the consumer electronics industry rapidly adopting digital audio recording, transmission, and playback technologies such as MP3 and DVD systems, DDX's all-digital design is the ideal amplifier technology. The benefits of improved efficiency and the ability to integrate DDX's digital functions meet our customers' requirements for cost effective, digital solutions."
"The selection of DDX by STMicroelectronics is an indication of the uniqueness and strength of DDX and its potential in the marketplace," said David Meyers, Apogee's Vice President of Business Development. "With STMicroelectronics state-of-the-art semiconductor design and manufacturing capabilities as well as their broad penetration of the audio market, we believe that DDX will rapidly become the new standard for audio amplification."
About DDX
Direct Digital Amplification (DDX) is an Apogee patented fully digital, high efficiency amplifier technology that enables manufacturers to produce compact audio systems at low cost. DDX directly interfaces with digital audio sources such as CD or MP3 recordings, thereby preserving pure digital quality. This is in contrast with traditional amplifier designs that require an analog input generated by a Digital to Analog Converter (DAC). DDX eliminates the need and the cost of a DAC and removes the potential for noise and distortion. In addition to superb sound, DDX's high efficiency design reduces power supply and packaging costs and extends battery life. Products that will benefit from a DDX amplifier include Televisions, MP3 and DVD playback devices, PC/Internet multimedia systems, portable audio players, communication devices, and car audio systems.
About STMicroelectronics
STMicroelectronics (formerly SGS-THOMSON Microelectronics) is a global independent semiconductor company whose shares are traded on the New York Stock Exchange, on the Paris Bourse, and on the Milan Stock Exchange. The Company designs, develops, manufactures, and markets a broad range of semiconductor integrated circuits (ICs) and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products, and industrial automation and control systems. In 2000, the Company's net revenues were $7,813.2 million and net earnings were $1,452.1 million. Further information on ST can be found at www.st.com.
About Apogee Technology
Apogee Technology, Inc. (NASDAQ: APGT) develops and markets state-of-the-art digital amplifier products that incorporate the company's patented Direct Digital Amplification (DDX) technology. The company provides DDX amplification solutions to audio manufacturers as semiconductor products and OEM board products. Apogee is continually developing new products and technologies to leverage its power and digital processing expertise. Additional information can be found at the company's web site at www.apogeeddx.com.
DDX(R) is a registered trademark of Apogee Technology, Inc. All other product names noted herein may be trademarks of their respective holders. Certain statements made herein that use the words "estimate" "project" "intended" "expect" "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied. Factors that cause or contribute to such differences include, but are not limited to, the Company's limited operating history; unpredictability of operating results; inability to build market share and pressure on prices from competition in various aspects of its business; the risks of rapid growth; the Company's dependence on key personnel; uncertainty of product acceptance; inability to timely develop and introduce new technologies, products and applications; the risk associated market collaborations and the ability of strategic partners to achieve manufacturing and shipping schedules and deadlines; changes in the level of activity in the audio industry; changes in economic conditions; and an inability to obtain financing.
EDITORS: Photography available on request
--30--mb/bos*
CONTACT: Apogee Technology, Inc.
David Meyers, +1 781-551-9450 x 117
dmeyers@apogeeddx.com
www.apogeeddx.com
or
Telesian Technology (PR Contact)
Shari Worthington, +1 508.755.5242
sharilee@telesian.com
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Business/Technology Editors
NORWOOD, Mass.--(BUSINESS WIRE)--Feb. 7, 2001--
Exclusive License to Develop and Market Audio Amplifiers Using Apogee's DDX Technology
Apogee Technology, Inc. (NASDAQ:APGT) announced today that it has signed an exclusive license agreement with STMicroelectronics (NYSE:STM) for its Direct Digital Amplification (DDX(R)) all-digital, high efficiency amplifier technology. This licensing agreement gives STMicroelectronics the exclusive rights to develop, manufacture, and sell products incorporating Apogee's DDX technology. STMicroelectronics will use DDX as the key digital amplification technology in its audio products family. Apogee retains the rights to design and market DDX-based semiconductor products, which will be manufactured exclusively by STMicroelectronics. The companies expect to commence shipping DDX-based products in the second quarter of 2001.
"Our agreement with Apogee is an important step toward further enhancing and expanding our position as the leading provider of audio amplifier solutions," said Dr. Riccardo Ferrari, Audio Business Unit Director at ST, Telecommunication and Peripherals/Automotive Groups. "With the consumer electronics industry rapidly adopting digital audio recording, transmission, and playback technologies such as MP3 and DVD systems, DDX's all-digital design is the ideal amplifier technology. The benefits of improved efficiency and the ability to integrate DDX's digital functions meet our customers' requirements for cost effective, digital solutions."
"The selection of DDX by STMicroelectronics is an indication of the uniqueness and strength of DDX and its potential in the marketplace," said David Meyers, Apogee's Vice President of Business Development. "With STMicroelectronics state-of-the-art semiconductor design and manufacturing capabilities as well as their broad penetration of the audio market, we believe that DDX will rapidly become the new standard for audio amplification."
About DDX
Direct Digital Amplification (DDX) is an Apogee patented fully digital, high efficiency amplifier technology that enables manufacturers to produce compact audio systems at low cost. DDX directly interfaces with digital audio sources such as CD or MP3 recordings, thereby preserving pure digital quality. This is in contrast with traditional amplifier designs that require an analog input generated by a Digital to Analog Converter (DAC). DDX eliminates the need and the cost of a DAC and removes the potential for noise and distortion. In addition to superb sound, DDX's high efficiency design reduces power supply and packaging costs and extends battery life. Products that will benefit from a DDX amplifier include Televisions, MP3 and DVD playback devices, PC/Internet multimedia systems, portable audio players, communication devices, and car audio systems.
About STMicroelectronics
STMicroelectronics (formerly SGS-THOMSON Microelectronics) is a global independent semiconductor company whose shares are traded on the New York Stock Exchange, on the Paris Bourse, and on the Milan Stock Exchange. The Company designs, develops, manufactures, and markets a broad range of semiconductor integrated circuits (ICs) and discrete devices used in a wide variety of microelectronic applications, including telecommunications systems, computer systems, consumer products, automotive products, and industrial automation and control systems. In 2000, the Company's net revenues were $7,813.2 million and net earnings were $1,452.1 million. Further information on ST can be found at www.st.com.
About Apogee Technology
Apogee Technology, Inc. (NASDAQ: APGT) develops and markets state-of-the-art digital amplifier products that incorporate the company's patented Direct Digital Amplification (DDX) technology. The company provides DDX amplification solutions to audio manufacturers as semiconductor products and OEM board products. Apogee is continually developing new products and technologies to leverage its power and digital processing expertise. Additional information can be found at the company's web site at www.apogeeddx.com.
DDX(R) is a registered trademark of Apogee Technology, Inc. All other product names noted herein may be trademarks of their respective holders. Certain statements made herein that use the words "estimate" "project" "intended" "expect" "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied. Factors that cause or contribute to such differences include, but are not limited to, the Company's limited operating history; unpredictability of operating results; inability to build market share and pressure on prices from competition in various aspects of its business; the risks of rapid growth; the Company's dependence on key personnel; uncertainty of product acceptance; inability to timely develop and introduce new technologies, products and applications; the risk associated market collaborations and the ability of strategic partners to achieve manufacturing and shipping schedules and deadlines; changes in the level of activity in the audio industry; changes in economic conditions; and an inability to obtain financing.
EDITORS: Photography available on request
--30--mb/bos*
CONTACT: Apogee Technology, Inc.
David Meyers, +1 781-551-9450 x 117
dmeyers@apogeeddx.com
www.apogeeddx.com
or
Telesian Technology (PR Contact)
Shari Worthington, +1 508.755.5242
sharilee@telesian.com
gruß
proxi
