AUSTIN,
Texas -- Nov. 7, 2000 -- Cirrus Logic Inc. today announced that it has
signed a letter of intent with IndigoVision Group plc. to jointly develop
real time networked video capability for Cirrus Logic's industry leading
Maverick product line. The jointly developed integrated circuits and
software will enable deployment into a broad range of embedded consumer
applications over the next two years, such as digital TVs, handheld
devices, set-top boxes, video replay boxes, video servers and closed
circuit TVs. In addition, the new video products will further enhance
portability and mobility of industrial applications in the security
and surveillance markets.
IndigoVision
has developed five generations of VideoBridge technology, a complete
set of hardware and software IP Video (IPV) enabling solutions. VideoBridge
combines all the elements of visual communications into one fully integrated
suite of technology: video acquisition, compression, transmission, analysis,
recording, administration and viewing. "This is a logical progression
of the Maverick chip's leadership in Internet connectivity," says
Scott McDonald, vice president of marketing for Cirrus Logic's
Embedded Processors Division. "As broadband access proliferates over
the next two to three years in the consumer marketplace, we envision
a demand for real-time video just as there is for MP3 audio today. This
new development is timed to take advantage of that convergence."
"The addition of high quality, real time video to the Maverick chip
is a natural extension of our business model and Maverick's audio leadership,"
adds Matthew Perry, vice president and general manager of Cirrus
Logic's Embedded Processors Division. "That same experience will
also give us the opportunity to take our knowledge of audio content
distribution and security and apply it to video."
"This deal is a landmark for the Internet Protocol Video (IPV) technology
industry," says Sergio Tansini, IndigoVision's chief operating
officer. "The agreement with Cirrus Logic will offer product designers
a unique opportunity to enable full frame, real time, audio-visual communications
for Internet and telecommunications applications and will change the
way the world communicates."
About IndigoVision Group plc
Founded in 1994, IndigoVision has to date developed five generations
of VideoBridge technology, a complete set of hardware and software IP
Video (IPV) enabling solutions, which manufacturers can use in design,
integrated system or product form. This enables clients to produce their
own visual communications products, enabling real-time video to be transmitted
over intra-, extra-, internet networks in IT, telecommunications and
security & surveillance markets. VideoBridge combines all the elements
of visual communications into one fully integrated suite of technology:
video acquisition, compression, transmission, analysis, recording, administration
and viewing. IndigoVision designs and develops next-generation, multi-standard
networked IP Video (IPV) solutions on behalf of OEMs, Integrators and
Installers globally. Based in Edinburgh, with offices in the U.S.A and
an office in Japan, IndigoVision floated on the London Stock Exchange
(IND.L) in August 2000. Further information: http://www.indigovision.com.
About
Cirrus Logic
Cirrus Logic is a premier supplier of high-performance analog and DSP
chip solutions for Internet entertainment electronics. Building on its
global market share leadership in audio integrated circuits and its
rich mixed-signal patent portfolio, the company targets high-volume
audio, storage and communications applications. Cirrus Logic sells its
products under the Crystal, Maverick and 3Ci brands as well as its own
name. Founded in 1984 in Silicon Valley, Cirrus Logic operates from
headquarters in Austin, Texas and major sites located in Fremont, Calif.
and Broomfield, Colo., as well as offices in Europe, Japan and Asia.
More information about Cirrus Logic is available at http://www.cirrus.com.
