DVi and Coby Electronics Partner to Launch MP3 Players in U.S. Featuring Actions Semiconductor's Series 7500 Chipset
Feb 2, 2007
HONG KONG, Feb. 2 /Xinhua-PRNewswire/ -- Digital Vision, Inc. (DVi) and Coby Electronics Co., Ltd. today announced the introduction of the industry's first MP3 player featuring Actions Semiconductor's leading technology, the Series 7500 chipset. The products will be shipped to the U.S. market under the Coby brand.
"We are excited to be the first to deliver products integrating Actions' industry leading Series 7500 chipset to the United States," stated Pete Andreyev, Chairman of DVi. "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."
"In our view, the partnership with Coby and DVi is a major milestone for Actions, as we are penetrating the United States' brand name electronics market," commented Mr. Nan-Horng Yeh, Actions' CEO. "Coby's decision to utilize our Series 7500 chipset for its solutions shipped to the U.S. affirms their confidence in the integrity of our products. Our numerous OEM and design house partners are working diligently to develop new solutions based on our Series 7500 technology to be introduced to key target markets. We are grateful to our valued partner DVi for enabling the win at Coby and assisting us with additional design wins."
The Series 7500 product family was designed for the U.S. market and is not affected by a recent Limited Exclusion Order (LEO) prohibiting the sale of our Series 207x, 208x & 209x chipsets in the U.S.
About Digital Vision Inc.
Digital Vision Inc. (DVi) is a leading Consumer Electronics (CE) company with over ten years of experience. DVi's vision is to be an industry leader in supplying innovative turnkey solutions and major components for the digital video and audio markets via OEMs, ODMs, system integrators and retailers. DVi is a leader in supplying turnkey solutions and major components for the Digital Video and Audio consumer electronics markets. Additional information can be found at www.dvi.com.hk.
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 www.cobyusa.com.
About Actions Semiconductor
Actions Semiconductor Co., Ltd., is a world class IC design company established in 2001 (NASDAQ: ACTS) with a staff of over 400 in China, Hong Kong, Taiwan and Silicon Valley. Actions is the #1 fabless IC company in China and dominates the "Non-Apple" Multi-Medium System-on-Chip market worldwide. Their business covers IC design, manufacturing, solution development, testing and sales. Additional information can be found at www.actions-semi.com.
For More Information Actions Semiconductor: Suzanne Craig or Lisa Laukkanen The Blueshirt Group for Actions Semiconductor firstname.lastname@example.org or email@example.com +1-415-217-4962 or +1-415-217-4967 Chung Hsu or Calvin Lau Investor Relations at Actions Semiconductor firstname.lastname@example.org or email@example.com +86-756 3392 353 *1015 or +86-756 3392 353 *1018
First Call Analyst:
SOURCE: Digital Vision, Inc.
CONTACT: Suzanne Craig, +1-415-217-4962, firstname.lastname@example.org, or
Lisa Laukkanen, +1-415-217-4967, email@example.com, both of The
Blueshirt Group for Actions Semiconductor; Chung Hsu, +86-756 3392 353 *1015,
firstname.lastname@example.org, or Calvin Lau, +86-756 3392 353 *1018,
email@example.com, both of Actions Semiconductor Investor Relations