Date: Oct 21, 2002 Source: PR Newswire
SCHAUMBURG, Ill., Oct 21, 2002 /PRNewswire-FirstCall via COMTEX/ - - Motorola, Inc., (NYSE: MOT) announced today that it has made an equity investment in Morpho Technologies, a provider of licensable reconfigurable digital signal processing (rDSP) intellectual property and chips for wireless, imaging, and multimedia applications. Motorola's Semiconductor Products Sector (SPS) licensed the MS1 Core and Motorola Ventures, the strategic venture arm of the global communications and embedded electronics company, made the investment in Morpho Technologies. Terms of the license and investment were not disclosed.
"Motorola's investment is further confirmation of Morpho Technologies' leadership in the reconfigurable DSP market," said Shahriar Sadri, Morpho Technologies' CEO. "The MS1 architecture has the power to revolutionize communication appliances and equipment, and our partnership with Motorola will result in unique products that offer tremendous value to the respective design communities."
Morpho Technologies' MS1 architecture provides a reconfigurable array of individual DSP cells working together to provide a parallel-processing engine with the ability to service many of the most data intensive, real-time streaming functions. Some example applications include mobile communication systems, imaging engines, and multimedia processing products -- applications that were once reserved almost exclusively for ASIC logic. Morpho Technologies' unique reconfigurable DSP architecture provides the processing power of ASIC designs while reducing die size and maintaining low power consumption.
"This investment and licensing agreement validates Morpho Technologies' position as a leader in the reconfigurable computing field and serves as an important milestone for programmable technology," said Warren Holtsberg, Corporate Vice President and Director of Venture Investing, Motorola, Inc. "The MS1 core complements the core technologies used in current Motorola products, and will enable us to develop innovative and cost-effective solutions for our customers."
About Morpho Technologies:
Morpho Technologies provides reconfigurable Digital Signal Processor (rDSP) cores and chips to its customers in the telecommunication and multimedia industries. The MS1 core allows the users to include more features in less space, with low power consumption. Located in Irvine, CA, Morpho Technologies is a privately held company and is backed by Smart Technology Ventures, BridgeWest LLC and Motorola Ventures.
For more information, please visit the Morpho Technologies web site at http://www.morphotech.com .
About Motorola:
Motorola, Inc. (NYSE: MOT) is a global leader in providing integrated communications solutions and embedded electronic solutions. Sales in 2001 were $30 billion. For more information, please visit the Motorola Web site at http://www.motorola.com .
SOURCE Motorola, Inc.
