SMSC (NASDAQ: SMSC), a leading semiconductor company enabling content rich connectivity systems, today announced that it is working with Hansong (Nanjing) Technology Ltd. to deliver SMSC’s low latency, lossless KleerNet™ wireless audio streaming technology. “SMSC is a recognized leader in developing high performance, low latency wireless audio technology for the home,” said Helge lykke Kristensen, Vice President at Hansong (Nanjing) Technology Ltd. “We are pleased to work with them to deliver reference designs that offer this best-in-class technology for a wide range of applications including soundbars, subwoofers and wireless speakers.” “Wireless audio adoption is on a fast pace. Having the design relationships in place that make it easy for our customers to bring to market state-of-the art home wireless audio solutions is key for this adoption to flourish,” said Gene Sheridan, Senior Vice President and General Manager of SMSC’s Wireless Products Group. “Working with Hansong (Nanjing) Technology Ltd. opens the door to new design win possibilities as we focus on broadening our reach in China, Hong Kong and the Asia-PAC region overall.” More on SMSC’s Wireless Audio Platform SMSC’s focus on wireless audio solutions propels the company to a leadership position in the wireless audio market. Kleer technology enables high quality, low latency wireless distribution of digital content to headphones, speakers and other audio devices to enhance the consumer’s listening experience. SMSC’s KleerNet technology gives consumers the option of choosing among KleerNet-enabled audio products from various consumer brands for use in their home, office, or portable applications. Examples of wireless audio products that incorporate KleerNet technology are 5.1/7.1 surround sound home theater systems, sound bars, sub-woofers, headphones, and gaming and VOIP headsets. KleerNet wireless audio products are designed to co-exist with Wi-Fi and Bluetooth ® traffic and support multi-band RF, low latency and high bit and sampling rates. In addition, SMSC’s JukeBlox platform offers popular music applications along with the industry standard Ethernet and Wi-Fi interfaces to give customers access to music content from all over the world via their home networks or the Internet. For more information on Kleer, KleerNet or JukeBlox products, visit www.smsc.com/wireless_audio. About SMSC SMSC is a leading developer of Smart Mixed-Signal Connectivity ™ solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in automobiles, consumer devices, PCs and other applications. SMSC’s feature-rich products drive a number of industry standards and include USB, MOST ® automotive networking, Kleer ® wireless audio, embedded system control and analog solutions, including thermal management and RightTouch ® capacitive sensing. SMSC is headquartered in New York and has offices and research facilities in North America, Asia, Europe and India. Additional information is available at www.smsc.com. About Hansong (Nanjing) Technology Ltd. Hansong (Nanjing) Technology Ltd is a privately owned company established in 1998 as a manufacturer for the audio industry. In 2000, the strategy was refined to cover audio and video in areas such as home Hi-Fi and AV systems, custom installations, pro audio and other new technologies. The latest evolution of the company’s strategy is a focus on commercial audio. The company has received several industrial awards and positive reviews. Hansong’s experience extends to A/V decoder/processors, AV Receivers, Tuners (AM/FM/DAB/HD radio), CD/SACD players, CD receivers, Universal DVD Players (with DVD-A, SACD and High Definition Video), DVD receivers, subwoofer amps, bi-amps and tri-amps for the speaker industry and digital amps and switch mode power supply technology for high quality audio reproduction as well as wireless audio products supporting Airplay® and DLNA speakers.
Forward Looking StatementsExcept for historical information contained herein, the matters discussed in this announcement are forward-looking statements about expected future events and financial and operating results that involve risks and uncertainties. These uncertainties may cause our actual future results to be materially different from those discussed in forward-looking statements. Our risks and uncertainties include the timely development and market acceptance of new products; the impact of competitive products and pricing; our ability to procure capacity from our suppliers and the timely performance of their obligations, commodity prices, interest rates and foreign exchange, potential investment losses as a result of liquidity conditions, the effects of changing economic and political conditions in the market domestically and internationally and on our customers; our ability to realize the expected benefits of acquisitions; our relationships with and dependence on customers and growth rates in the personal computer, consumer electronics and embedded and automotive markets and within our sales channel; changes in customer order patterns, including order cancellations or reduced bookings; the effects of tariff, import and currency regulation; potential or actual litigation; and excess or obsolete inventory and variations in inventory valuation, among others. In addition, SMSC competes in the semiconductor industry, which has historically been characterized by intense competition, rapid technological change, cyclical market patterns, price erosion and periods of mismatched supply and demand. Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures. All forward-looking statements speak only as of the date hereof and are based upon the information available to SMSC at this time. Such statements are subject to change, and the Company does not undertake to update such statements, except to the extent required under applicable law and regulation. These and other risks and uncertainties, including potential liability resulting from pending or future litigation, are detailed from time to time in the Company's reports filed with the SEC. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled “Other Factors That May Affect Future Operating Results” or “Risk Factors” for a more complete discussion of these and other risks and uncertainties.
SMSC, MOST, Kleer and JukeBlox are registered trademarks and Smart Mixed-Signal Connectivity, Wireless Detect 'n Avoid and RightTouch are trademarks of Standard Microsystems Corporation.