Company Continues to Extend Its Leadership in Core Systems Firmware for the Mobile PC Market
MILPITAS, Calif., July 16, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Phoenix Technologies Ltd. (Nasdaq: PTEC), the global leader in core systems firmware, today announced that leading global motherboard and notebook manufacturer, Elitegroup Computer Systems Inc. (ECS), has licensed Phoenix SecureCore for implementation in its upcoming notebook series. This new win further extends Phoenix's leadership position in core system firmware for the mobile market while empowering ECS with high performance and security firmware for its notebook series.
"ECS' excellent design and development team, coupled with its outstanding manufacturing, allows the company to produce more than 2.5 million motherboards and 200,000 notebook computers per month," said David Chen, General Manager, Mobile Product Business Unit, ECS. "By leveraging leading firmware technology from Phoenix, ECS' notebook series will come with the world's most reliable, secure, and modular core systems software, allowing the company to fulfill its customers' market needs and requirements, and to solidify its position in the notebook computer market."
"Phoenix has numerous long-standing partnerships with global leaders in the PC and x86-based device value chain, such as ECS, and understands the customer's need for product differentiation, ROI and time-to-market," said Dave Gibbs, Senior Vice President and General Manager, Worldwide Field Operations at Phoenix Technologies. "Our products have been at the forefront of firmware innovation for the past 25 years and continue to empower major PC manufacturers."
ECS' new notebook series embedded with Phoenix SecureCore is scheduled to start shipping in Q1 CY2008.
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, ECS 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 ECS 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.
Media Relations Contacts:
Phoenix Technologies
Global Communications
Tel. +1 408 570 1946
public_relations@phoenix.com
investor_relations@phoenix.com
Scott Vansickle, Global Fluency
Tel. +1 650 433 4222
svansickle@globalfluency.com
SOURCE Phoenix Technologies Ltd.
http://www.phoenix.com
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