Apogee Announces Joint Development Agreement with STMicroelectronics; Agreement Provides Framework for Expanded DDX Digital Amplifier IC Development.Business/Technology Editors NORWOOD, Mass.--(BUSINESS WIRE)--March 21, 2002 Apogee Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APGT), a leading developer of digital audio amplification technology, announced today that it signed a joint development agreement with STMicroelectronics (NYSE NYSE See: New York Stock Exchange :STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ). Under this agreement the companies will develop and market new semiconductor products that leverage Apogee's Direct Digital Amplification (DDX DDx abbreviation for differential diagnosis; used in medical records. (R)) technology and STMicroelectronics' intellectual property, semiconductor design, development and manufacturing capability. The joint development agreement complements the DDX technology licensing agreement signed between the companies in February of 2001. "This agreement further solidifies our relationship with ST and provides the framework to execute our DDX product development strategy," said David Meyers, Apogee's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "By working with the leader in integrated power and digital semiconductor design and manufacturing, we can quickly develop new products which have a clear technical and cost advantage in the market place." Under the licensing agreement the companies have successfully released a 4.1 channel DDX controller and two DDX power devices that provide up to 100 Watts of high efficiency pure digital audio power. These products meet a wide range of traditional consumer electronic products and are ideal for emerging high growth applications such as the DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. Receiver which integrates six-channels of audio amplification. About Direct Digital Amplification (DDX(R)) DDX is a high efficiency, all-digital amplifier technology that enables a new generation of audio products that deliver pure digital sound. DDX directly amplifies digital audio signals, eliminating the need and cost of a Digital to Analog Converter (electronics) Digital to Analog Converter - (DAC) A device which takes a digital value and outputs a voltage which is proportional to the input value. Typical uses include digital generation of audio signals or conversion of a bitmap image to a signal to drive a CRT. (DAC See D/A converter and discretionary access control. DAC - Digital to Analog Converter ). This approach removes potential analog signal An analog or analogue signal is any time continuous signal where some time varying feature of the signal is a representation of some other time varying quantity. It differs from a digital signal in that small fluctuations in the signal are meaningful. corruption and quality losses that occur in traditional analog audio systems. In addition to superior sound quality, DDX has up to three times the efficiency compared to analog amplifiers. This advantage reduces amplifier size and manufacturing cost by eliminating the need for large heat sinks and lowering power supply requirements. About Apogee Technology, Inc. Apogee Technology develops and markets semiconductor products that incorporate its all-digital, high efficiency Direct Digital Amplification (DDX(R)) technology. The company has released four DDX-based semiconductor products for the consumer electronics market in conjunction with STMicroelectronics, its licensing partner. The company expects to expand its semiconductor product offerings by leveraging its power and digital processing Digital processing is the process of altering digital data in any form. The most common situations where digital processing is involved are computer graphics and digital audio processing. expertise. Additional, information about Apogee and DDX products can be found at the company's web site at http://www.apogeeddx.com. DDX(R) is a registered trademark of Apogee Technology, Inc. All other product names noted herein may be trademarks of their respective holders. Certain statements made herein that use the words "estimate" "project" "intended" "expect" "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements involve known and unknown risks and uncertainties, which could cause the actual results, performance or achievements of the Company to be materially different from those, which may be expressed or implied. Factors that cause or contribute to such differences include, but are not limited to, the Company's limited operating history; unpredictability of operating results; inability to build market share and pressure on prices from competition in various aspects of its business; the risks of rapid growth; the Company's dependence on key personnel; uncertainty of product acceptance; inability to timely develop and introduce new technologies, products and applications; the risks associated with market collaborations and the ability of strategic partners to achieve manufacturing and shipping schedules and deadlines; changes in the level of activity in the audio industry; changes in economic conditions; and an inability to obtain financing. EDITORS: Photography available on request |
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