AUSTIN, Texas--(BUSINESS
WIRE)--March 11, 2005--SigmaTel, Inc. (NASDAQ:SGTL), the worldwide
market leader for audio controller chips within portable digital
audio players, and A-MAX Technology, Ltd. ("A-MAX"),
the leading IDS (Innovative Design Services) supplier of mobile
music solutions to the portable consumer electronics industry,
announce a strategic partnership for developing and manufacturing
portable digital audio devices.
As one of the leading companies specializing
in design, development, manufacturing and distribution of
high quality portable digital multimedia products, A-MAX Technology
has consistently been a leading customer for SigmaTel's digital
audio SoC chip solutions, used within their MP3 player product
line.
Headquartered in Hong Kong and with over
1,800 employees worldwide, A-MAX is principally engaged in
the provision of IDS (Innovative Design Services) solutions
for global reputable brand-names in the portal digital audio
industry and consumer products retailers. A-MAX specializes
in product design, manufacturing, servicing and sales distribution.
A-MAX has two R&D centers in the People's Republic of
China ("PRC"), a wholly owned ISO9002 approved manufacturing
plant in Shenzhen, PRC and three sales offices in the PRC,
Germany and the U.S. In addition, A-MAX expects to quadruple
its monthly production capacity in 2005 to facilitate the
expected continued growth in demand for portable digital audio
devices.
"A-MAX has been a long term partner
to SigmaTel, and there have been quarters where we have shipped
more units to A-MAX than to any other customer," said
Ron Edgerton, president and CEO of SigmaTel. "As recently
as Q404, A-MAX, which purchase through distribution channels,
was our largest customer, with purchases representing more
than 18% of our total revenue. SigmaTel, as the worldwide
leading supplier of portable digital audio technologies and
with more than 22.5 million audio SoC chips sold in 2004,
views a strong relationship with A-MAX as an important ingredient
to our success."
"As a technology solutions supplier
with a very strong intellectual property portfolio and a business
knowledge to back it up, SigmaTel has been instrumental in
enabling A-MAX to build the MP3 player business and to become
a worldwide leader," said Victor Chan, president and
CEO of A-MAX Technology. "We are known for our world
class design, manufacturing, and product offerings, and SigmaTel's
products and support helps us to maintain this reputation."
For more information on SigmaTel solutions,
please visit www.sigmatel.com. For more information on the
A-MAX Technology, please visit www.amaxhk.com.
About SigmaTel:
SigmaTel, Inc., a fabless semiconductor
company headquartered in Austin, Texas, designs, develops,
and markets proprietary, analog intensive, mixed-signal ICs
for a variety of products in the consumer electronics and
computing markets, including portable compressed audio players,
such as MP3 players, notebook and desktop PCs, DVD players,
digital televisions, and set-top boxes. SigmaTel provides
complete, system-level solutions that include highly-integrated
ICs, customizable firmware and software, software development
tools, reference designs, and applications support. The Company's
focus is on providing system-level solutions that enable customers
to rapidly introduce and offer electronic products that are
small, light-weight, power-efficient, reliable, and cost-effective.
SigmaTel is ISO 9001:2000 certified and is committed to providing
customers with high performance, quality products along with
superior customer service.
About A-MAX:
A-MAX is the leading IDS (Innovative
Design Services) provider of portable audio devices for global
reputable brand-names in the portable digital audio industry
and the consumer product retailers. Headquartered in Hong
Kong, A-MAX specializes in one-stop open platform services
including innovative product/system design, moulding, product
manufacturing, on-shelf packaging, logistics and other related
services. A-MAX's key products include flash memory-based
audio players, hard drive-based audio players and WMA-MP3
CD players. With over 1,800 employees worldwide, A-MAX currently
has two R&D centers in the PRC, a wholly owned ISO9002
approved manufacturing plant in Shenzhen, PRC and three sales
offices in the PRC, Germany and the U.S.
Cautionary Language:
This press release contains forward-looking
statements based on current SigmaTel expectations. The words
"expect," "will," "should,"
"would," "anticipate," "project,"
"outlook," "believe," "intend,"
and similar phrases as they relate to SigmaTel or future events
are intended to identify such forward-looking statements.
These forward-looking statements reflect the current views
and assumptions of SigmaTel, but are subject to various risks
and uncertainties that could cause actual results to differ
materially from expectations. A number of important factors
could cause actual results to differ materially from those
in the forward-looking statements, and there will be events
in the future that SigmaTel is not able to accurately predict
or control. For a discussion of factors that could impact
SigmaTel's financial results and cause actual results to differ
materially from those in the forward-looking statements, please
refer to recent SigmaTel filings with the SEC, particularly
the 424(b)(4) final prospectuses filed September 19, 2003
and February 19, 2004, the Form 10-Qs that were filed on October
29, 2003, April 20, 2004, July 20, 2004 and October 19, 2004,
the Form 10-K that was filed on February 17, 2004, and the
Form 10-K that SigmaTel filed February 8, 2005 covering the
annual period ended December 31, 2004.
All products and brand names as they
appear in this release are trademarks or registered trademarks
of their respective holders. All specifications may be changed
without notice.
CONTACT: SigmaTel, Inc., Austin
Nate Long, 512-381-3913
nlong@sigmatel.com
SOURCE: SigmaTel, Inc.
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