In terms of Safe Harbor, the remarks of management during the presentation and the question-and-answer session may contain projections or other forward-looking statements regarding future events or the future performance of the company or the industry. Please note that the Safe Harbor statement in today’s press release also covers the content of this conference call.

And with that, I’d like to hand the call over to EZchip’s CEO, Mr. Eli Fruchter. Eli, please go ahead.

Eli Fruchter

Thank you, Kenny. Good day, everyone. And welcome to our NPS conference call. It is a big day for us as we believe we are not announcing yet another NPU generation like we have done every three years in the last 12 years. We are announcing today a new concept, a paradigm shift, the NPS, a revolutionary NPU that changes the old by which customers will select and use NPUs in the future.

Market leaders are often busy designing the next order generation and miss out on changing market trends, end up late to respond and lose their leadership. NPS is introduced by us, the leader in high-speed NPUs reading the market trends right and in time and setting above very high, yet again leaving the competition far behind.

We are announcing today the NPS, assembly of network processors for smart network. The NPS is a new breed of C-programmable NPUs for the next wave of high performance, smart carrier, data center and cloud networks.

Carrier data center and cloud networks are under constant pressure to be smarter and faster, i.e. more services that has speed. Network equipment as a result needs smarter and greater processing capability or smarter and greater NPUs.

Two types of processors are available today, NPUs and CPUs. When I’m talking about CPUs, it can relate to CPU with one core, two cores, four cores or multi-core. NPUs are optimized for fastest layer 2 and 3 processing, which use micro code and can process layer 4 to 7. CPUs and C-programmable general processor for the upper layer 4 to 7, but it reduce throughput and therefore limited in performance.

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