Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

Vimicro Announces Strategic Development Agreement with China Satellite Mobile Broadcasting Corporation for CMMB Mobile TV Standard

Posted : Mon, 09 Nov 2009 13:31:13 GMT
Author : Vimicro International Corporation
Category : Press Release
News Alerts by Email ( click here )
News | Home
BEIJING, Nov. 9 /PRNewswire-Asia-FirstCall/ -- Vimicro International Corporation (Nasdaq: VIMC) ("Vimicro"), a leading multimedia semiconductor and solution provider, today announced a strategic development partnership with China Satellite Mobile Broadcasting Corporation ("CSMBC") to advance the development of mobile TV under the China Mobile Multimedia Broadcasting ("CMMB") standard. CSMBC is a wholly-owned subsidiary of The State Administration of Radio Film and Television ("SARFT") and the national operator of CMMB.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070528/CNM014LOGO )
Vimicro and CSMBC will collaborate on developing new technology and new business for the widespread utilization of the CMMB standard throughout China. As part of the agreement, Vimicro will develop highly reliable and highly integrated CMMB chip solutions, while CSMBC will provide support and assistance functions including CMMB handset testing and certification. Both companies will actively promote the CMMB standard and technology in the end user market.
CMMB is China's proprietary standard for mobile TV broadcasting on small screen devices, such as 3G phones, PDAs, netbooks and smart phones. CMMB enables users to receive live TV programs and multimedia data on TD-SCDMA networks under a multi-year exclusive broadcast agreement, which is signed by CSMBC and China Mobile early this year.
"Vimicro has consistently been playing a key role in the development of multimedia technologies in China," commented Dr. John Deng, Vimicro's Chairman and Chief Executive Officer. "We are pleased to partner with CSMBC to accelerate multimedia user capabilities under China's CMMB standard for mobile devices on the rapidly growing TD-SCDMA network. This agreement further enhances our position as a recognized leader of mobile multimedia technologies for the deployment of CMMB and TD-SCDMA networks."
About Vimicro International Corporation
Vimicro International Corporation is a leading multimedia semiconductor and solution provider that designs, develops and markets mixed-signal semiconductor products and system-level solutions that enable multimedia capabilities in a variety of products for the consumer electronics and communications markets. Vimicro is also expanding business into the surveillance market with system-level solutions and semiconductor products. Vimicro's ADSs, each of which represents four ordinary shares, are currently trading on the NASDAQ Global Market under the ticker symbol "VIMC."
About CSMBC
CSMBC invests in and operates domestic satellite mobile multimedia broadcasting projects, including CMMB, and is also responsible for system design, broadcast satellite technology development and signal transmission services. Today approximately 200 cities in China are covered by local CMMB networks with the number of cities covered expected to exceed 300 by year end.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the quotations from management in this announcement, as well as Vimicro's expectations and forecasts, contain forward-looking statements. Vimicro may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Vimicro's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the company's ability to develop and sell new mobile multimedia products; the expected growth of the mobile multimedia market; the company's ability to increase sales of PC and notebook camera multimedia processors; the company's ability to retain existing customers and acquire new customers and respond to competitive market conditions; the company's ability to respond in a timely manner to the evolving multimedia market and changing consumer preferences and industry standards and to stay abreast of technological changes; the company's ability to secure sufficient foundry capacity in a timely manner; the company's ability to effectively protect its intellectual property and the risk that it may infringe on the intellectual property of others; and cyclicality of the semiconductor industry. Further information regarding these and other risks is included in Vimicro's annual report on Form 20-F filed with the Securities and Exchange Commission. Vimicro does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of the date hereof, and Vimicro undertakes no duty to update such information, except as required under applicable law.
    For further information about Vimicro, please contact:

    Public Relations Contacts:
     Haizhen Du
     Tel:   +86-10-6894-8888 x8309
     Email: duhaizhen@vimicro.com

     Angela Ruggiero
     Stanton Communications
     Tel:   +1-212-616-3601
     Email: aruggiero@stantoncomm.com

    Investor Relations Contacts:
     Vanessa Wang
     Tel:   +86-10-6894-8888 x7294
     Email: wangjingyi@vimicro.com

     Leanne K. Sievers
     Shelton Group Investor Relations
     Tel:   +1-949-224-3874
     Email: lsievers@sheltongroup.com

SOURCE Vimicro International Corporation

Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : Vimicro Announces Strategic Development Agreement with China Satellite Mobile Broadcasting Corporation for CMMB Mobile TV Standard
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Climate Change Puts Trillions of Dollars in Assets at Risk Along U.S. Coasts
New report commissioned by WWF and Allianz assesses potential economic consequences of key “tipping points” by mid-century; warns of particularly large exposure along U.S. northeast coast/I/P PWashington, DC (Vocus) November 23, 2009 -- World Wildlife Fund (WWF) and the lead...

eLong, Inc. Reports Third Quarter 2009 Unaudited Financial Results
BEIJING, Nov. 23 /PRNewswire-Asia-FirstCall/ -- eLong, Inc. (Nasdaq: LONG), a leading online travel service provider in China, today reported unaudited financial results for the third quarter ended September 30, 2009.

Arms Dealer Pleads Guilty to Conspiracy to Supply U.S. Fighter Jet Engines to Iran
MOBILE, Ala., Nov. 23 /PRNewswire-USNewswire/ -- Jacques Monsieur, a Belgian national and resident of France suspected of international arms dealing for decades, pleaded guilty today in U.S. District Court for the Southern District of Alabama to conspiracy to illegally export F-5 fighte...

The SEG's 79th Annual Meeting Attendance Nearly 9,300
TULSA, Okla., Nov. 23 /PRNewswire/ -- The 79th Annual Meeting and International Exposition of the Society of Exploration Geophysicists (SEG) was one of the most successful in recent years. Attendance was nearly 9,300, surpassing recent annual meeting delegate totals by nearly 1,000...

ASU Seminar: 'Many Facets of Climate Change in Arizona'
TEMPE, Ariz., Nov. 23 /PRNewswire-USNewswire/ -- On February 2, 2005, Arizona Governor Janet Napolitano signed an Executive Order stating that "Arizona and other Western States have particular concerns about the impacts of climate change and climate variability on the environme...

Mentors and Foster kids star with MC Lyte, Aaron Carter, Frankie J. Jabbawoockeez, Laker Girls, Clipper Girls, Snoopy & USC Band
Children Uniting Nations celebrated 11th Annual Day Of The Child; 3000 foster youth and mentors partook in activities, rides, performances, and received school supplies /I/P PLos Angeles, CA (PRWEB) -- On Sunday, Children Uniting Nations celebrated their 11th annual Day of the Child (DO...

HDNet Presents Live Coverage of the 2009 Legends Classic College Basketball Tournament
DALLAS, Nov. 23 /PRNewswire/ -- HDNet announced today that the network will broadcast exclusive LIVE coverage of the third annual Legends Classic, Friday, November 27 and Saturday, November 28( ) beginning at 5:30 p.m. ET. (Logo: http://www.newscom.com/cgi-bin/prnh...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.