Sigma Designs' Media Processor Nominated by EDN Magazine in its 17th Annual Innovation of the Year Awards Competition.

MILPITAS, Calif. -- Sigma Designs (Nasdaq:SIGM), a leader in digital media processing for consumer electronics, has been selected from a field of hundreds as a finalist for this year's EDN Innovator/Innovation Awards. Sigma's SMP8634 media processor appears on the shortlist for the Multimedia IC of the year. Instituted in 1990, EDN's annual Innovation Awards honor outstanding electronic products and professionals, as selected by a peer jury of engineers and engineering managers worldwide. An online ballot featuring all finalists is available at www.edn.com/innovation.

Sigma Designs' SMP8634 is the first single-chip solution to support high-definition decoding of all major formats including MPEG-4, MPEG-2 ,and VC-1 within one of the most advanced secure media processing platforms. The chip is supported by a robust real-time software suite under both Linux and WinCE to help OEMs achieve fast time to market. Shipping since early 2006, the SMP8634 has already become the most widely used chip for powering IPTV set-top boxes (MicrosoftTV or Linux) and high definition DVD players (Blu-ray or HD DVD). Before Sigma's SMP8634, these consumer electronics technologies required two or more different kinds of media processors. Like all Sigma technology, the SMP8634 System-on-a-Chip (SoC) is a universal technology that is compliant with all major TV and DVD-related standards and video decoding formats popular in the market today.

Sigma's SMP8634 is currently inside IPTV set-top boxes made by Motorola, Philips and SA/Cisco that are running the Microsoft IPTV and Linux operating systems. The chip is also in six Blu-ray players made by Sony, Pioneer and Panasonic, among others.

Industry estimates show Sigma's SMP8634 chip is in about 75% of the IPTV set-top boxes worldwide, more than any other semiconductor offered to the industry, making Sigma a true pioneer in leading global IPTV services. In 2005, Sigma was the only company with chip technology ready for IPTV when companies like Microsoft, Motorola and AT&T began development plans for the North American IPTV markets.

In addition to North American deployments, Sigma's SMP8634 SoCs are already in set-top boxes around the world and are offered by telcos including British Telecom, Deutsche Telecom, Neuf, Free, and Swisscom in Europe and China Netcom, China Telecom and Hanaro in Asia.

"Our 2006 roster of Innovation finalists includes great products across the analog, digital, software, and test spaces. We received a tremendous set of mixed-signal ASSP entries, and more processor entries than ever," states EDN Editor-In-Chief Maury Wright. "I look forward to the rigorous voting process and know that the winners will be top notch."

This year's program features 17 categories: Innovator of the Year, Analog ICs, ASSPs and SoCs, Communication ICs, Digital ICs and Programmable Logic, Digital SoC/IP, EDA (Design and Implementation), EDA (Verification and Analysis), Embedded Systems, Power ICs, Power Systems and Modules, Processors, Sensors and Components, Software, Test and Measurement (Broad Application), Test and Measurement (Application Specific), and Best Contributed Article.

In the next few weeks, EDN's worldwide audience of electronics engineers and engineering managers will use an online ballot to select the ultimate winners from among these finalists. EDN's editorial staff and Editorial Advisory Board also take part in determining the final winners. We encourage you to visit www.edn.com/innovation to review each of the nominees. Winners will be announced at a black-tie ceremony on April 2, 2007 in San Jose, CA.

About EDN/Reed Business Information

Known as the "Voice of the engineer," Waltham, MA-based EDN serves the vital information needs of design engineers and engineering managers worldwide. The EDN franchise includes EDN, EDN Europe, EDN Asia, EDN China, EDN Japan, and EDN.com. EDN is published by Reed Business Information (www.reedbusiness.com), the largest business-to-business publisher in the U.S. and a member of the Reed Elsevier Group plc (NYSE: RUK and ENL) - a world-leading publisher and information provider operating in the science and medical, legal, education and business-to-business industry sectors.

About Sigma Designs, Inc.

Sigma Designs (Nasdaq:SIGM) specializes in silicon-based media processors and wireless chipsets for IPTV set-top boxes, digital media receivers, high definition DVD players, HDTV, and portable media players. The company's industry-leading media processor architectures feature high definition video, advanced codec support (H.264, VC-1, MPEG-2), and secure media processing in a complete system-on-chip (SOC) solution. Headquartered in Milpitas, Calif., the company also has sales offices in China, Europe, Hong Kong, Japan, Korea and Taiwan. For more information, please visit the company's web site at www.sigmadesigns.com.

Safe Harbor Statement

This press release may contain forward-looking statements, including statements about the projected timing and extent of customer shipments as well as the expected use of Sigma's media processor and wireless chipset products. Actual results could vary from those projected in the forward looking statements as a result of various factors, including worldwide economic conditions, changes in the customer's ability or desire to complete the rollout, consumer reaction to the new products and services being offered, the ability of Sigma to deliver sufficient quantity and quality of MPEG decoder chips, prices for the Sigma chips, alternative offerings by competitors, and the ability of the parties to work together successfully to achieve the rollout.