In September 2006, the United States International Trade Commission (the "ITC") issued a ruling (ITC-337-TA-538), that certain Actions' integrated circuits, or ICs, designed for audio processing ICs infringe SigmaTel's patents 6,633,187 and 6,366,522. Actions is now seeking re-examination of the patents given SigmaTel's overly broad assertions of the claims.
In addition to this recent request at the USPTO, Actions also announced in October that it filed a complaint in Shenzhen Intermediate Peoples' Court in China, that certain SigmaTel products, including STMP 3502, 3503, 3505, 3506, 3510, and 3520, infringe a key digital audio processing technology patent owned by Actions. Actions seeks to halt the infringement of their patent in China by prohibiting the design, manufacture, sale and use of the infringing ICs, as well as the devices containing SigmaTel's infringing ICs. This complaint also requested a series of injunction and border detention orders, enforced by China customs, that would prohibit the importation and the exportation of the infringing ICs and the devices manufactured by third parties that contain SigmaTel's infringing ICs.
Based on revenues, Actions is the largest fabless IC company in China according to the China Semiconductor Industry Association. Consistent with its commitment to innovation, Actions has built a strong R&D team, successfully developed a broad portfolio of products, and has rapidly grown and emerged as a leader of the industry. Actions believes in promoting ingenuity through the protection of intellectual property and complying with all applicable laws, rules, and regulations in all jurisdictions in which Actions conducts business. Not only does Actions emphasize the protection of its own intellectual property, but it also respects the rights of others.
Actions is grateful for the continuing support from its clients, suppliers and other partners. The Company will continue to act as an industry leader, providing innovative mixed-signal and multimedia SoC solutions for portable consumer electronics with a compelling price-to performance value proposition.
About Actions Semiconductor
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 and Shenzen. 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. 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 Registration Statement on Form F-1 related to our initial public offering and secondary offering. Actions Semiconductor undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
For More Information
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