Aware and NEC Corporation Announce Licensing Agreement to Develop G.992.2 Standards Based G.lite Chipset.BEDFORD, Mass.--(BUSINESS WIRE)--May 17, 1999-- Aware, 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 :AWRE AWRE Atomic Weapons Research Establishment AWRE Australian Workshop on Requirements Engineering AWRE Automatic Write Reallocation Enable ), a worldwide leader in xDSL (digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and ) technology for high-speed Internet access today announced a licensing agreement with NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Corporation (NASDAQ:NIPNY), the second largest semiconductor manufacturer in the world. According to the agreement, NEC Corporation will license Aware's G.992.2 standards-based G.Lite technology and software for use in its recently launched uPD98541 ADSL See DSL. ADSL - Asymmetric Digital Subscriber Line chipset. Aware will provide NEC Corporation with fully interoperable, G992.2 standard compliant DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary system architecture and design technology. NEC will incorporate Aware's technology in its ANSI (American National Standards Institute, New York, www.ansi.org) A membership organization founded in 1918 that coordinates the development of U.S. voluntary national standards in both the private and public sectors. It is the U.S. member body to ISO and IEC. T1.413 full rate chipset (uPD98541) providing customers with both G.Lite and full rate ADSL functionality in a single chipset. NEC will use its extensive sales channels to market the chipset to telecommunications and networking system providers as well as modem manufacturers worldwide. NEC Electronics Inc., the wholly-owned subsidiary of NEC Corporation, will market the G.Lite enabled chipset in North America. Aware's G.Lite technology delivers data transmission speeds of up to 1.5 Mbps downstream and up to 512 kbps upstream at distances of up to 24,000 feet. Aware's G.Lite technology optimizes broadband data transmission over telephone lines without interrupting regular telephone service, enabling always-on data connections. NEC's comprehensive range of semiconductor solutions for the communications market covers LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. , WAN and wireless applications. With its proven leadership in large scale silicon level integration and system-on-a-chip technology, NEC provides the solutions increasingly demanded by system manufacturers. Aware's proven experience in ADSL system design and firmware delivers optimal ADSL physical layer performance to equipment suppliers in the increasingly competitive ADSL equipment market. "The ADSL market is ready for high volumes as service availability picks up and prices come down," said Greg Sheppard, GartnerGroup/Dataquest analyst. "The alliance of NEC and Aware is the type of partnership that has the potential to ensure interoperability and cost effective solutions for mass deployment of ADSL service." "We are extremely pleased to be working with a semiconductor manufacturer with the worldwide presence of NEC Corporation. NEC's ability to deliver integrated, cost-effective, power-efficient silicon solutions for the communications industry and its particular expertise in large-scale silicon level integration are widely known. Our relationship with NEC signals accelerating momentum in the ADSL marketplace," said Michael A. Tzannes, president and chief executive officer of Aware. "Aware's G.Lite technology is the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in the DSL industry and we are pleased to add DSL interoperability to our chipset" said Kyuichi Hareyama, general manager of NEC's 2nd System LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Division. "We believe NEC can offer a variety of customer oriented solutions based on Aware's excellent DSL technology and our system-on-a-chip solutions," he added. About Aware Aware, Inc. designs, develops, licenses and markets DSL technology that enables high-speed Internet access over existing telephone networks. The company licenses its intellectual property and software to semiconductor manufacturers and equipment manufacturers who sell integrated circuits or equipment incorporating Aware technology. Aware markets its technology to systems companies to encourage them to design its technology into their products, and to service providers to encourage them to deploy new broadband services based on its technology. More information about Aware can be found at http://www.aware.com. About NEC Corporation NEC Corporation (NASDAQ:NIPNY) (FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. :6701q.l) pioneered the concept of C&C, the integration of Computers and Communications, and is the only company in the world to be counted among top ranking corporations spanning the wide range of fields essential for this vision of multimedia: computers, communications and electron devices. Employing more than 150,000 people around the world, NEC saw net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in fiscal year 1997-98 of 4,901 billion yen (approx. US$40 billion). For further information, visit the NEC home page at: http://www.nec-global.com Note to Investors: This press release contains certain statements of a forward-looking nature relating to future events or future financial performance of Aware. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include the risks described in various SEC filings that Aware, Inc. has made on its Forms S-1, 10-K and 10-Q, which factors are incorporated herein by reference. |
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