BOPS and VSIS Announce Strategic Alliance.SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 12, 1998--Microprocessor core developer BOPS Inc. (a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. ) and VSIS VSIS Vault Safety and Inventory System VSIS Victualling Stores Issuing Ship Inc., a systems designer and developer are announcing at the Microprocessor Forum the formation of a strategic alliance and licensing agreement for the development of semiconductor and system products for high-volume, low-cost consumer applications. Terms of the agreement were not disclosed; a product announcement will be made in 1999. "We are very excited about this relationship. BOPS has unique core technology capabilities in microprocessor design and VSIS leads in system-on-a-chip (SOC) development and in providing applications support for quick-to-market solutions," said Ed Chow, BOPS CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . VSIS President and CEO Dr. Osamu Tomisawa stated, "The combination of technology expertise, design and development skill represented in this strategic alliance enables us to draw aggressive roadmaps that will bring innovative system-on-a-chip solutions to the market quickly." For information about products to be developed by this strategic alliance, contact Jack Sardegna of Mitsubishi Electric at (408) 523-6824 or sardegna_jack@edg.mea.com. About VSIS, Inc. VSIS, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Mitsubishi Electric America, was formed in 1996 to address the emerging systems-level applications requirements of customers in North America by defining and designing chipsets and system-on-a-chip solutions. The company combines its systems and software marketing and chip design expertise with Mitsubishi Electric's submicron semiconductor process technologies and capabilities to create products in a variety of markets. These areas include GPS, connectivity and networking, graphics for multimedia, Java-enabled applications, MPEG (Moving Pictures Experts Group) An ISO/ITU standard for compressing digital video. Pronounced "em-peg," it is the universal standard for digital terrestrial, cable and satellite TV, DVDs and digital video recorders (DVRs). encoding/decoding, digital broadcasting, mobile navigation and electronic commerce. Additional information on VSIS Inc. can be found at www.vsisinc.com. About BOPS Inc. BOPS, Inc., a spinout spin·out n. An instance of spinning out: a motorist who was injured in a spinout. from IBM's MWAVE MWAVE Microwave MWAVE Mountain Wave Algorithm media processor group, develops and licenses revolutionary microprocessor and DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive semiconductor technology to enable the Digital Information Revolution. Established in 1997, BOPS is primarily focused on emerging applications in cellular communications, broadband communications, MPEG encoding and digital television markets. BOPS licenses the ManArray technology, a programmable DSP architecture, tools and software to the top merchant semiconductor manufacturers and directly to OEMs in targeted markets. The venture-backed corporation is based in Santa Clara and Chapel Hill. For more information on BOPS, contact Mark Bowles at (888) 890-BOPS or www. Bops.com. |
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