Leading U.S-Based Semiconductor Company Takes $11M Multiyear License for ARC International's Patented Configurable Solutions

21 Dec 2006 07:00

ARC International (LSE:ARK) today announced that one of thelargest U.S.-based semiconductor companies has taken a multiyearlicense expected to be valued in the region of $11 million (USD) forARC's patented multimedia subsystems and configurable processors. Thefirst phase of the contract is guaranteed at more than $5M with over$2M in revenue recognizable for the year ended 31 December, 2006. Thistier 1 customer, a first-time licensee, will use its long-term ARClicense to create media-based semiconductor chips targeting video- andaudio-rich devices. £ Carl Schlachte, president and CEO of ARC International, said, "Weare very pleased to announce another industry leader has joined ARC'sexpanding community of world-class customers. This underscoresmanagement's continued progress toward the strategic goal of growingARC's customer base with world-class, tier 1 companies. Industryleaders are increasingly adopting ARC's patented subsystems andconfigurable processors as the 'solution of choice' for high volumeconsumer applications. They enable the creation of lower cost, highlydifferentiated solutions, which are distinct benefits that 'fixedarchitecture' alternatives cannot offer." £ Outlook and Announcement of Preliminary Results for Financial Year2006 £ Having secured this important license win, the company remainscomfortable with market expectations for the year ending 31 December,2006. On Wednesday 14 February, 2007 ARC International will announceresults for the twelve months ended 31 December, 2006. A morningmeeting will be held in London for analysts. Interested parties shouldcontact ARC International for more information. £ About ARC International plc £ ARC International is the world leader in configurable subsystemsand CPU/DSP processors that are used by semiconductor companiesworldwide to create system-on-chip (SoC) designs that provide astrategic competitive advantage. ARC's patented configurable productsare smaller, consume less power, are less expensive to manufacture,and provide a higher degree of differentiation over what can becreated using "fixed architecture" core alternatives. £ ARC International maintains a worldwide presence with corporateand research and development offices in California and Elstree, UK.For more information visit www.ARC.com. ARC International is listed onthe London Stock Exchange as ARC International plc (LSE:ARK). £ ARC and the ARC logo are trademarks or registered trademarks ofARC International. All other brands or product names contained hereinare the property of their respective owners. This press release maycontain certain "forward-looking statements" that involve risks anduncertainties, including the development, implementation, and releaseof features described herein. These are at the sole discretion of ARCInternational. For other factors that could cause actual results todiffer, visit the company's Website as well as the listing particularsfiled with the United Kingdom Listing Authority and the Registrar ofCompanies in England and Wales. Copyright Business Wire 2006