ZHUHAI, China, June 26 /Xinhua-PRNewswire-FirstCall/ -- Actions Semiconductor Co., Ltd. (NASDAQ:ACTS) today announced that Coby Electronics Corporation introduced a new line of PMPs, the MP705 and MP715 lines, featuring Actions' leading chipset technology, the Series 13+ ATJ2135 solution. The products are shipping into the U.S. market under the Coby brand.
"We are excited to be the first to deliver products integrating Actions' industry leading Series ATJ2135 chipset to the United States," stated Robert F. Gee, Vice President of Marketing at Coby. "In the fast-paced consumer electronics business time-to-market and innovation is critical for solution providers, and more important, to our end-user customers." "Our successful partnership with Coby and G.M.I. is a major milestone for Actions and is consistent with our strategy to expand the adoption of our leading PMP technology globally," commented Vincent Lin, Actions' Vice President of Marketing. "Coby's decision to utilize our Series ATJ2135 chipset for its new U.S.-based products underscores their confidence in the integrity of our solutions. We are grateful to G.M.I. as our valued solution provider and distribution partner for their contributions to our success with Coby." About Actions Semiconductor Co., Ltd.
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia 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 and the providers of those 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 Beijing, Shanghai, and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com/ .
About Coby Electronics Coby Electronics Corporation is a manufacturer of quality consumer electronics products. Since its inception in 1990, Coby has risen through the ranks of the consumer electronics industry. Coby is focused on offering innovative, feature-rich products and solutions that are consistent market share leaders. Within the past decade, Coby's team of inventors, engineers, and designers have earned a number of U.S. patents and design awards. Additional information can be found at http://www.cobyusa.com/ .
About G.M.I. Technology Inc.
Digital G.M.I. Technology Inc. (Public; TPE: 3312) is committed to being a Total Solution Provider for both the Consumer Electronics and IT markets. Following the firm's establishment in 1995, G.M.I. merged with China's Vector Electronic Co. (est. 1987) to create a firm with two decades of industry expertise in the Greater China region. By starting with market-side research, G.M.I. leverages its well-established customer base and internal experts to identify market trends and opportunities in high-growth markets. G.M.I.'s in- house engineering team is dedicated to working with partners to develop projects from definition to mass production. Additional information can be found at http://www.gmitec.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. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause Actions Semiconductor's actual results to differ materially from our current expectations. Factors that could cause Actions Semiconductor's results to differ materially from those set forth in these forward-looking statements include 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. Actions Semiconductor undertakes no obligation to update or revise forward- looking statements to reflect subsequent events or changed assumptions or circumstances.
For more information, please contact: Lisa Laukkanen
The Blueshirt Group for Actions Semiconductor
Tel: +1-415-217-4967
Email: Ernie Huang
Investor Relations at Actions
Tel: +86-756-3392353 x1095
Email: DATASOURCE: Actions Semiconductor Co., Ltd.
CONTACT: Lisa Laukkanen of The Blueshirt Group for Actions Semiconductor, +1-415-217-4967, or ; or Ernie Huang, Investor Relations at Actions, +86-756-3392353 x1095, or Web site: http://www.actions-semi.com/ http://www.cobyusa.com/ http://www.gmitec.com/
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