CSR Wins Accolade from Global Fabless Semiconductor Association Peers; Company Honoured for Outstanding Financial and Technological Growth.CAMBRIDGE, England -- After recognition from the financial industry and London stock market, CSR plc CSR (LSE: CSR), or Cambridge Silicon Radio is a company based in Cambridge, England whose main product line is a single-chip implementation of the Bluetooth standard for radio-signal communication between devices. CSR is a fabless semiconductor manufacturer. (LSE LSE - Language Sensitive Editor :CSR (1) (Customer Service Representative) A person who handles a customer's request regarding a bill, account changes or service or merchandise ordered. Agents in call centers are known as CSRs. See call center. ) a wireless solutions provider and leader in Bluetooth technology, has been honoured by members of the Fabless Semiconductor Association (FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) ). At an awards dinner held at the Santa Clara Convention Center, California, on Thursday 8 December, Paul Goodridge, Finance Director for CSR accepted the award for 'Outstanding Financial Performance by a Public Fabless Company'. CSR has experienced a year of rapid growth and expansion. The company announced record results for both revenue and operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for the third quarter ended 30 September 2005, whilst for the period 1 January 2005 to 30 September 2005, CSR achieved revenue of $323.6m compared with $173.4m for the same period in 2004. The company also increased the number of employees globally from 316 at 31 December 2004 to 650 by 30 September 2005 and completed two acquisitions. CSR success has been achieved at the same time as continued growth in, the overall market for Bluetooth which has increased by over 90% compared to 2004. CSR is the acknowledged leader within the Bluetooth market, through its development of a portfolio of single chip solutions for wireless voice and data communication. This covers basic Bluetooth file exchange Bluetooth File Exchange is a utility that comes with the Mac OS X operating system, used to exchange files to or from a Bluetooth-enabled device. For example, it could be used to send an image to a Bluetooth cell phone, or to receive an image or other document from a PDA with to complex stereo music and call management capability for the new wireless stereo headset market targeted for use with mobile phones and portable media players. "CSR has achieved significant growth over the past eight quarters to qualify for the Outstanding Financial Performance by a Public Fabless Company Fabless Company The Fabless Semiconductor Association (FSA) defines fabless as follows: Fabless (without fab) refers to the business methodology of outsourcing the manufacturing of silicon wafers, which hundreds of semiconductor companies have adopted. Award. We congratulate CSR on attaining this financial benchmark," said Jodi Shelton, co-founder and executive director of FSA. "CSR demonstrates its leadership serving on FSA's European Leadership Council, supporting the Association's regional and global initiatives." During 2005, the company opened design centres in Lund, Sweden and Sophia Antipolis, France and acquired both Clarity Technologies Inc and the software business of UbiNetics Holdings Limited in order to further extend CSR's wireless technology offering. This growth was acknowledged by the Outstanding Financial Performance Award which recognised the steep increase in CSR's revenue and net income over eight consecutive quarters, ending in June 2005. On accepting the award, Goodridge commented, "2005 has been an outstanding year for us. Our core Bluetooth market has grown and developed at a rapid rate and we have developed our offering to include other wireless standards which offer even more potential for growth in 2006 and beyond." He continued, "This recognition from our peers of the fabless semiconductor community is extremely important to us. BlueCore has set the benchmark for Bluetooth connectivity and we hope to offer the same levels of technical innovation and foresight to the other areas of our product offering." About CSR CSR plc is the leading global provider of Bluetooth technology and has developed expertise in other single-chip wireless communication standards such as Wi-Fi (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11). CSR offers developed hardware/software solutions for Bluetooth based around BlueCore, a fully integrated 2.4 GHz radio, baseband and microcontroller. CSR has now launched its fifth generation BlueCore suite and is in volume manufacture of its fourth generation BlueCore devices. BlueCore4 supports the Enhanced Data Rate (EDR (Enhanced Data Rate) An acronym occasionally used to reflect an advancement in transmission or transfer speed. For example, Bluetooth 2.0 + EDR provides a dramatic increase in speed over the previous version. See Bluetooth. ) standard which was ratified at the end of 2004. BlueCore4 remains the only EDR silicon to be shipping in volume today. In November 2004 CSR launched UniFi, the first single chip 802.11a/b/g embedded solution specifically targeting the mobile phone and consumer electronics markets. BlueCore features in over 50 per cent of all Bluetooth devices shipped and over 60 per cent of all qualified Bluetooth enabled products and modules listed on the Bluetooth website with industry leaders including Nokia, Dell, Panasonic, Sharp, Motorola, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Apple, 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. , Toshiba, RIM and Sony using BlueCore devices in their range of Bluetooth products. In March 2005, CSR acquired Clarity Technologies Inc., for its Clear Voice Capture (CVC See CSC. ) technology that enhances the audio performance of any voice-based product or system. Applications for CVC include wireless headsets, handsets and automotive hands free systems. In August 2005, CSR completed the acquisition of UbiNetics' software business, providing a strong R&D team to accelerate its existing software development in Bluetooth, Wi-Fi and UWB (Ultra-WideBand) A wireless technology that uses less power and provides higher speed than 802.11 Wi-Fi networks or first-generation Bluetooth products. UWB is expected to provide wireless video transmission for home theater systems, cable TV, auto safety and . The UbiNetics team gives CSR the capacity to extend its offering to mobile handset customers. CSR has its headquarters and offices in Cambridge, UK, and offices in Japan, Korea, Taiwan, China, India, France, Denmark, Sweden and both Texas and Detroit in the USA. More information can be found at www.csr.com and the partner web site www.btdesigner.com More information about Bluetooth technology can be found on the SIG web site at www.bluetooth.com About the FSA The FSA is a global industry body which supports the fabless business model and provides member companies with tools and assistance for their activities. A fabless company outsources the manufacturing element of semiconductor design and supply due to the prohibitive costs required to build, equip and run a foundry operation. |
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