GEO Semiconductor Inc. Announces Channel Partnership with Ascendtek, Inc.

GEO Semiconductor Inc. ("GEO"), the industry leader in programmable, high performance, geometric processor (eWARP) IC solutions for smartphones & peripherals, video communications, surveillance, wearable and automotive video camera markets, today announced that it has entered into a channel partnership with Ascendtek Inc. (“Ascendtek”) for sales and support services for Mainland China and Taiwan. Ascendtek provides GEO with fifty highly qualified sales and support personnel located in Taipei, Taiwan, Shenzhen, Shanghai, Beijing and Chengdu, China.

“Ascendtek’s dominant market presence in Mainland China and Taiwan aligns perfectly with GEO’s aggressive market penetration strategy,” said Paul Russo, CEO of GEO Semiconductor Inc. “The value proposition for wide angle lenses using GEO’s disruptive warping technology is creating markets and applications that did not exist five years ago. We believe there are large and growing opportunities for our technology in the Asian markets for such applications as surveillance, video communications, smartphone & smartphone peripherals, and automotive cameras.”

“The channel partnership with GEO is very strategic and an excellent fit with Ascendtek’s existing customer base,” said Philip Hsu, CEO of Ascendtek. “GEO’s warp technology is the best of breed and the only solution capable of full HD de-warp with Zero-Pixel-Loss. Ascendtek sees this as a perfect opportunity to align with a technology leader in this emerging marketplace.”

About GEO Semiconductor

GEO Semiconductor (GEO) is the industry leader in programmable, high performance processors for video and geometry processing. GEO has two platform technologies - Realta^TM (real-time processing of video algorithms in software, 1 trillion ops/sec) and eWarp^TM (allowing the trade-offs between optical systems and pixel processing, enabling the merging and de-warping of multi-camera capture systems, and making possible low-cost, precise correction of LCD and OLED panel color and brightness uniformity issues). These platform technologies enable totally new products and features, at resolutions of 1080P and beyond. GEO ICs have found broad acceptance in such systems as Dynamic Signage, Broadcast, High-end DVDs and AVRs, Advanced Projectors, 3D, video conferencing, surveillance and Medical/Military displays with global industry leading customers. The company’s products and technologies, through superior video processing and geometry processing based optical correction, enable advanced applications such as 3D and immersive displays, displays enhancement through color and brightness uniformity correction of LCD Displays, ePTZ™ digital pan/tilt/zoom surveillance systems and pico-projection. Next generation processors will address mobility markets including smartphones and automotive cameras. GEO is headquartered in Santa Clara, California with offices in Toronto and Orlando, and sales channels around the world. www.geosemi.com.

About Ascendtek, Inc.

Founded in Mar. 2004, Ascendtek is a professional electronic component distributor based in His Chih, Taipei, with subsidiaries in Shenzhen. Ascendtek distributed products are competitive in the marketplace. In order to meet customers' one-stop shopping demand, we are striving to support platform-based total solutions to customers. Applications of our distributed products include networking, wire and wireless communications and consumer electronics.

GEO Semiconductor and the cube logo are among the trademarks of GEO Semiconductor Inc. Any other trademarks or trade names mentioned are the property of their respective owners.

Cautions regarding Forward Looking Statements:

Excluding statements and characterizations of historical fact, all statements included or incorporated by reference are forward-looking statements. These forward-looking statements are based on our current expectations, management’s beliefs and estimates and projections about our industry and business and certain assumptions made by us, all of which are subject to change. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.