MILPITAS, Calif., May 30, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Phoenix Technologies Ltd. (Nasdaq: PTEC), the global leader in core systems firmware, announced today that Samsung Electronics has licensed Phoenix SecureCore, the Company's flagship firmware product. Phoenix SecureCore will be the firmware foundation for Samsung desktop and notebook computers and will ensure that Samsung PCs are optimized for the Microsoft Windows(R) Vista(TM) operating system. Phoenix SecureCore is the most advanced core systems firmware available today to support EFI (Extensible Firmware Interface) and UEFI (Unified Extensible Firmware Interface), while also supporting legacy BIOS implementations and drivers.
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"Our customers choose Samsung PCs for their performance and superior design," said Mr. Kyu Uhm, VP Marketing & Sales, Samsung Electronics. "With Phoenix products, our customers benefit from the highest levels of security, manageability and reliability available on the market today and this in turn helps us to stand apart from our competitors in the marketplace."
"Phoenix continues to define the foundation for secure and reliable computing through its new flagship firmware product," added David Gibbs, SVP, and GM of Worldwide Field Operations at Phoenix Technologies. "This agreement with Samsung underscores the significant value of our innovative firmware, which was developed with customer needs in mind."
By including Phoenix solutions in the PC manufacturing process, Samsung provides the ability to perform a complete system recovery for its PC products, even when the operating system cannot boot. This added protection reduces vendor support costs, minimizes product returns and improves user satisfaction, delivering a significant competitive advantage in a crowded market.
About Phoenix Technologies
Phoenix Technologies Ltd. (Nasdaq: PTEC) is the global market leader in system firmware that provides the most secure foundation for today's computing environments. The Company established industry leadership with its original BIOS product in 1983, and today has 154 technology patents, has shipped in over one billion systems, and continues to ship in over 125 million new systems each year. The company's breakthrough solution, SecureCore, enables hardware vendors to bring secure devices to market with the latest advances in Microsoft operating systems. The PC industry's top builders and specifiers trust Phoenix to pioneer open standards and deliver innovative solutions to help them accelerate time to market, differentiate products and increase profits. Phoenix is headquartered in Milpitas, California with offices worldwide. For more information, visit www.phoenix.com.
Phoenix, Phoenix Technologies, and the Phoenix Technologies logo are trademarks and/or registered trademarks of Phoenix Technologies Ltd. All other trademarks are the property of their respective owners.
Safe Harbor
The statements in this release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, Samsung continuing to license Phoenix products. These statements involve risk and uncertainties, including: our ability to successfully enhance existing products and develop and market new products and technologies; variations in demand for digital devices; the ability of Samsung and other customers to introduce and market new products that incorporate our products; failure to protect our intellectual property rights; changes in our relationship with leading software and semiconductor companies; and product and price competition in our industry. For a further list and description of risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements in this release, we refer you to the Company's filings with the Securities and Exchange Commission. All forward-looking statements included in this release are based upon assumptions, forecasts and information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward- looking statements.
Contacts:
Media & Analyst Enquiries:
Phoenix Technologies
Global Communications
Tel. +1 408 570 1946
E-mail: public_relations@phoenix.com
Scott Vansickle, Global Fluency
Tel. +1 650 433 4222
E-mail: svansickle@globalfluency.com
SOURCE Phoenix Technologies Ltd.
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