Silicon Image Acquires sci-worx, Strengthening Its IP Portfolio, Engineering Resources and System-on-a-Chip Design CapabilitiesSUNNYVALE, Calif., Jan 04, 2007 /PRNewswire-FirstCall via COMTEX/ --
Copyright (C) 2007 PR Newswire. All rights reserved
Silicon Image, Inc.
(Nasdaq: SIMG), a leader in semiconductors for the secure storage,
distribution and presentation of high-definition content, today announced its
acquisition of sci-worx GmbH ("sci-worx"), a leading intellectual property
(IP) and design service provider specializing in multimedia, communications,
and networking applications. The acquisition of sci-worx is expected to
enhance and accelerate the expansion of Silicon Image's system-on-a-chip (SoC)
design capabilities for the storage, distribution and presentation of high-
definition (HD) content in the consumer environment.
Founded in 1990 as Sican, sci-worx owns 18 registered and pending patents.
The company has core competencies in and derives revenues from more than 50 IP
products in the area of video/image processing, wireline communications,
security and bus interfaces. sci-worx has approximately 172 employees, more
than 80 percent of whom are engineers. sci-worx' customers include top-tier
manufacturers and component makers in the consumer electronics and
communications markets. Silicon Image will continue to support the current
sci-worx customer base and will enhance its overall IP programs to include
products and services from both companies.
Prior to the acquisition, which was completed on Jan. 3, 2007, sci-worx
was a wholly-owned subsidiary of Infineon Technologies AG. Silicon Image paid
approximately $13.5 million for sci-worx (including sci-worx' net debt) in an
all-cash transaction.
"We are excited to acquire an intellectual property company that provides
us with key IP and gives us a stable and highly-skilled engineering talent
pool to advance our chip integration plans for the storage, distribution and
presentation of HD content in the consumer environment," said Steve Tirado,
president and CEO of Silicon Image. "This acquisition enhances our ability to
provide our top-tier consumer electronics customers with a full-line of ICs,
from our industry-leading HDMI chips to our new front-end input processors to
next generation fully-integrated storage, networking and DTV SoC products, and
furthers our goal of enabling the secure connected HD home and personal
domain."
Silicon Image will host a conference call to discuss the acquisition of
sci-worx at 5:30 a.m. Pacific Time on Jan. 5, 2007. To access the conference
call, dial (719) 457-2693 and enter pass code 3234195. A replay of the
conference call will be available until midnight Pacific Time, Feb. 1, 2007.
To access the replay, dial (719) 457-0820 and enter pass code 3234195. A
webcast of the call will also be available on the investor relations site
located at www.siliconimage.com.
About sci-worx
sci-worx is one of the world's leading technology licensing and design
companies specialized in multimedia and mobile applications. sci-worx combines
state-of-the-art design methodology with highly optimized IP-core technology
to provide its customers with premier design solutions. DesignObjects, sci-
worx' synthesizable ASIC and SW cores, reduce time-to-market and risk for new
IC products and applications by offering off-the-shelf solutions that can
easily be integrated into larger designs. sci-worx' core verification program
ensures high quality and performance of all DesignObjects. sci-worx
complements its strong system architecture know how with a comprehensive suite
of design services including analog and digital ASIC design, system
integration and software development. In addition to its headquarters in
Hanover, sci-worx has branches in Braunschweig and Hamburg.
About Silicon Image, Inc.
Headquartered in Sunnyvale, Calif., Silicon Image, Inc. is a leader in
driving the architecture and semiconductor implementations for the secure
storage, distribution and presentation of high-definition content in the
consumer electronics and personal computing markets. Silicon Image creates and
drives industry standards for digital content delivery such as DVI, HDMI(TM)
and Serial ATA (SATA), leveraging partnerships with global leaders in the
consumer electronics and personal computing markets to meet the growing
digital content needs of consumers worldwide. With a proven track record of
improving cross-product interoperability, Silicon Image has shipped more than
100 million HDMI/HDCP and DVI/HDCP semiconductor solutions and offers one of
the most robust and comprehensively tested technology platforms in the
consumer electronics industry through its Simplay Labs' Simplay HD(TM) Testing
Program. Simplay Labs, LLC, a wholly-owned subsidiary of Silicon Image, is a
leading provider of testing technologies, tools and services for high-
definition consumer electronics devices such as HDTVs, set-top boxes,
audio/video receivers and DVD players, helping manufacturers to achieve
compatibility and deliver the highest-quality HDTV experience to consumers.
Silicon Image is the leading provider of semiconductor intellectual property
solutions for high-definition multimedia and data storage applications. For
more information, please visit www.siliconimage.com.
NOTE: Silicon Image and Simplay HD are trademarks, registered trademarks
or service marks of Silicon Image, Inc. in the United States and other
countries. HDMI(TM) and High-Definition Multimedia Interface are trademarks or
registered trademarks of HDMI Licensing, LLC in the United States and other
countries, and are used under license from HDMI Licensing, LLC. All other
trademarks and registered trademarks are the property of their respective
owners.
Forward-Looking Statements
This news release contains forward-looking information within the meaning
of federal securities regulations. These forward-looking statements include
statements related to the anticipated benefits of the sci-worx acquisition,
including its ability to accelerate the expansion of Silicon Image's SoC
design capabilities and advance Silicon Image's chip integration plans. These
forward-looking statements involve risks and uncertainties, including those
described from time to time in Silicon Image's filings with the Securities and
Exchange Commission (SEC) that could cause the actual results to differ
materially from those anticipated by these forward-looking statements. In
particular, we may not be able to obtain the anticipated benefits of the sci-
worx acquisition. In addition, see the Risk Factors section of the most recent
Form 10-K or Form 10-Q filed by Silicon Image with the SEC. Silicon Image
assumes no obligation to update any forward-looking information contained in
this press release.
SOURCE Silicon Image, Inc.
Kasey Holman, +1-408-616-4192, or kasey.holman@siliconimage.com, or Investors, David
H. Allen, +1-408-616-4003, or fax, +1-408-830-9531, or david.allen@siliconimage.com,
both of Silicon Image, Inc.
http://www.siliconimage.com/
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