Arkle Res Regulatory News (ARK)

3 Apr 2007 09:30

Arc International PLC03 April 2007 Media Contact: Financial Contact:Lee Garvin Flanagin Juliet ClarkeARC International Financial Dynamics+1 408 437 3433 +44 20 7831 3113lee.flanagin@arc.com juliet.clarke@fd.com ARC International plc AGM Statement At the Annual General Meeting of ARC International plc, the world leader inconfigurable subsystems and CPU/DSP processors, to be held at 9.30am thismorning, newly appointed Chairman Richard Barfield will make the followingstatement: "ARC International plc is pleased to confirm that trading in the first threemonths of 2007 is in line with the Board's expectations. "Yesterday we announced the acquisition of the business and assets of TejaTechnologies. This transaction will extend ARC's technical leadership andadvance the development of platforms for ARC's next-generation solutions,particularly ARC's market-leading VRaptor Multicore Architecture, with apotential cost impact of up to $2 million (USD) on ARC's financial year 2007operations. This morning we are delighted to announce that one of the largestconsumer electronics companies in the world has taken a multiyear license valuedat $15 million (USD) for ARC's patented configurable processors, our biggestdeal yet. "The Board looks forward to a satisfactory outcome for the year as a whole.These significant transactions strengthen our prospects for continuedimprovement in future years." # # # About ARC International plc ARC International is the world leader in configurable subsystems and CPU/DSPprocessors that are used by semiconductor companies worldwide to createsystem-on-chip (SoC) designs that provide a strategic competitive advantage.ARC's patented configurable products are smaller, consume less power, are lessexpensive to manufacture, and provide a higher degree of differentiation overwhat can be created using "fixed architecture" core alternatives. ARC International maintains a worldwide presence with corporate and research anddevelopment offices in California and Elstree, UK. For more information visitwww.ARC.com. ARC International is listed on the London Stock Exchange as ARCInternational plc (LSE: ARK). ARC and the ARC logo are trademarks or registered trademarks of ARCInternational. All other brands or product names contained herein are theproperty of their respective owners. This press release may contain certain"forward-looking statements" that involve risks and uncertainties, including thedevelopment, implementation, and release of features described herein. Theseare at the sole discretion of ARC International. Licenses from 3rd parties forcertain software and essential patents may be required depending on licensee'suse/implementation. For other factors that could cause actual results to differ,visit the company's Website as well as the listing particulars filed with theUnited Kingdom Listing Authority and the Registrar of Companies in England andWales. This information is provided by RNS The company news service from the London Stock Exchange