SOURCE: NXP Semiconductors

NXP Semiconductors

May 09, 2011 18:00 ET

NXP Semiconductors Awarded EDN's Innovation of the Year Award: Analog ICs

NXP's EM773 Energy Metering IC Recognized

EINDHOVEN, NETHERLANDS and SAN JOSE, CA--(Marketwire - May 9, 2011) - NXP Semiconductors (NASDAQ: NXPI) announced today that its EM773 energy metering IC has been honored with EDN's Innovation of the Year award for Analog ICs recognizing innovation in the art and science of analog integrated circuits. According to EDN's Technical Editor, Paul Rako, NXP "...is a company that has used its technical prowess to combine the complex analog and digital electronics into one chip. They allow customers to perform sophisticated analog functions on a standards-based development platform."

Facts/Highlights:

  • The EDN Innovation Awards are prestigious within the electronics design community as winners are chosen by a jury of their peers. EDN's technical editors choose finalists from a large pool of nominees. Then, through a combination of reader and editorial balloting, determine the winners.
  • With the EM773, consumers and industrial users can monitor real-time energy consumption in devices ranging from smart plugs appliances and "green" electronics, to industrial sub-meters, and rack-mounted servers in data centers.
  • The EM773 energy metering IC, announced in October 2010, is the world's first 32-bit ARM™-based solution designed specifically for non-billing electricity metering applications.
  • Featuring a metrology engine with automatic single phase, power and energy measurement, the EM773 energy metering IC includes an API which vastly simplifies the design of non-billing metering applications. The NXP EM773 is built on an ARM Cortex™-M0 processor.

Supporting Quote:

  • "We are thrilled to be the recipient of EDN's Innovation of the Year award as it symbolizes our leadership in bringing new mixed signal semiconductor solutions to the industry," said Mike Noonen, executive vice president, global sales and marketing, NXP Semiconductors. "With this award, EDN is sending a message that the future of analog is mixed-signal and programmable."

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About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.4 billion in 2010. Additional information can be found by visiting www.nxp.com.

Forward-looking Statements
This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions; the ability to successfully introduce new technologies and products; the end-market demand for the goods into which NXP's products are incorporated; the ability to generate sufficient cash, raise sufficient capital or refinance corporate debt at or before maturity; the ability to meet the combination of corporate debt service, research and development and capital investment requirements; the ability to accurately estimate demand and match manufacturing production capacity accordingly or obtain supplies from third-party producers; the access to production capacity from third-party outsourcing partners; any events that might affect third-party business partners or NXP's relationship with them; the ability to secure adequate and timely supply of equipment and materials from suppliers; the ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly; the ability to form strategic partnerships and joint ventures and to successfully cooperate with alliance partners; the ability to win competitive bid selection processes to develop products for use in customers' equipment and products; the ability to successfully establish a brand identity; the ability to successfully hire and retain key management and senior product architects; and, the ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and NXP's business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, NXP's market segments and product areas may develop. NXP has based these assumptions on information currently available, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While NXP does not know what impact any such differences may have on its business, if there are such differences, its future results of operations and its financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available from on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.

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