CSR plc (LSE: CSR; NASDAQ: CSRE) today announced that it has completed
an asset purchase agreement to acquire the MAP-X™ audio product line
from Trident Microsystems, Inc. (NASDAQ: TRID). The acquisition will
allow CSR to build on its existing end-to-end audio platform enabling
customers to more easily develop high performance home audio consumer
electronics products.
The MAP-X processor is designed to deliver HD audio decoding and
internet audio streaming for next generation home audio, AV receivers,
and soundbars. MAP-X will be added to CSR's existing audio
platform, thus addressing the upcoming demand for HD quality audio
and streaming audio in more complex and processor intensive mid to
high-end audio products. Integration of the MAP-X technology into
soundbars and network speakers will also dramatically improve upon the
sound quality currently delivered by integrated TV speakers.
“In today’s marketplace TVs are getting thinner and visual quality is
delivered in High Definition at ever improving levels of quality and
richness, but audio from integrated TV speakers cannot keep pace,” said
Anthony Murray, SVP Home Business Group of CSR. “Coupled with this,
consumer expectations are on the rise and individuals are demanding high
definition, more immersive audio to match the high quality visual
experience.”
He continues, “Soundbars with wireless sub woofers and wireless active
speakers that accompany TVs can deliver the audio quality consumers
demand. By combining MAP-X’s prowess in high performance multimedia
processing with CSR’s leadership position in wireless audio platforms,
we aim to provide a much richer consumer experience.”
“In addition, consumers will gain the added benefit of being able to
wirelessly stream their entire music collection from a smartphone or
tablet to a high quality home audio system, like a soundbar. We believe
bringing MAP-X into our existing product portfolio can now offer a
unique audio technology platform that addresses the entire market for
home audio products with the added freedom of wireless,” he added.
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About CSR
CSR is a global provider of innovative silicon and software solutions
for the location-aware, media-rich, cloud-connected world. Our platforms
are optimised for the automotive navigation and infotainment,
digital cameras and imaging, connected home infotainment and wireless
audio markets. We provide solutions to complex problems in the
audio-visual, connectivity and location technology domains across a
broad range of markets, with a technology portfolio that includes GPS/GNSS
systems, Bluetooth®,
Wi-Fi®, FM, NFC, aptX® and CVCTM audio
codecs, JPEG, MPEG, H.264 imaging, PDL printing, microcontrollers,
DSPs and broadband receivers. CSR's technology solutions and market
platforms enable its customers to deliver a superior user experience and
are adopted by leaders in the auto, computer, home and mobile markets.
More information can be found at www.csr.com.
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CAUTIONARY NOTE ON FORWARD LOOKING STATEMENTS
This press release contains certain statements (including statements
concerning plans and objectives of management for future operations or
performance, or assumptions related thereto, as well as a Delaware
bankruptcy court process) that are not historical facts and constitute
‘forward looking statements’ within the meaning of the United States
Private Securities Litigation Reform Act of 1995 in relation to CSR's
acquisition of the MAP-X audio product line from Trident Microsystems,
Inc, and other future events and their potential effects on CSR. These
forward-looking statements can be identified by words such as ’will,’
‘can deliver,’ offers', 'allows', 'to enhance,’ ‘enables,’ and other
similar expressions regarding the proposed acquisition of MAP-X
products, and such products' performance characteristics in consumer
electronics products, and the potential effects on CSR. Any future
release of audio products utilizing MAP-X technology or consumer
electronics products containing such technology, related products or
modifications to such products’ capability, functionality or features
will be subject to ongoing evaluation by CSR and its customers, and may
or may not be implemented and should not be considered firm commitments
by CSR or its customers and should not be relied upon in making
purchasing decisions. Such forward-looking statements represent the
current expectations and beliefs of management of CSR, and are based
upon numerous assumptions regarding CSR’s business strategies and the
environment in which CSR will operate and therefore involve a number of
known and unknown risks, contingencies, uncertainties and other factors,
many of which are beyond the control of CSR, including, but not limited
to CSR's ability to maintain the existing relationships with the
employees, customers and suppliers associated with the MAP-X audio
product line and those other risks, contingencies, uncertainties and
other factors detailed from time to time in CSR’s periodic reports
(whether under the caption Risk Factors or Forward Looking Statements or
elsewhere), which are available at the SEC’s web site http://www.sec.gov.
Each forward looking statement speaks only as of the date hereof. CSR
does not undertake to release publicly any updates or revisions to any
forward looking statements contained herein, otherwise than required by
law.
Bluetooth® and the Bluetooth logos are trademarks owned by Bluetooth
SIG, Inc. and licensed to CSR.
Wi-Fi® is a trademark of the Wi-Fi Alliance.
Other products, services and names used in this document may have been
trademarked by their respective owners.
