SAN JOSE and REDWOOD CITY, Calif., May 17 /PRNewswire-FirstCall/ -- SiRF Technology Holdings, Inc. (Nasdaq: SIRF), a leading provider of GPS-enabled silicon and premium software location platforms, today announced a strategic relationship with Openwave Systems Inc. (Nasdaq: OPWV), the leading provider of software products and services for the communications industry, to bring the power of location to Web 2.0 mobile applications. The two companies will work together to integrate SiRF's SiRFstudio location capabilities with Openwave(R) MIDAS, a Mobile AJAX-based application development platform, enabling wireless operators, content publishers, and software developers to easily employ the context of location when creating mobile widgets, rich data services and online idle screen user interfaces on mobile devices. SiRF Technology and Openwave plan to jointly market the combined solution globally to wireless operators and mobile handset and device OEMs, enabling them to create the next-generation of innovative location-based mobile widgets and services for consumer and enterprise market segments.
SAN JOSE and REDWOOD CITY, Calif., May 17 /PRNewswire-FirstCall/ — SiRF Technology Holdings, Inc. (Nasdaq: SIRF), a leading provider of GPS-enabled silicon and premium software location platforms, today announced a strategic relationship with Openwave Systems Inc. (Nasdaq: OPWV), the leading provider of software products and services for the communications industry, to bring the power of location to Web 2.0 mobile applications. The two companies will work together to integrate SiRF's SiRFstudio location capabilities with Openwave(R) MIDAS, a Mobile AJAX-based application development platform, enabling wireless operators, content publishers, and software developers to easily employ the context of location when creating mobile widgets, rich data services and online idle screen user interfaces on mobile devices. SiRF Technology and Openwave plan to jointly market the combined solution globally to wireless operators and mobile handset and device OEMs, enabling them to create the next-generation of innovative location-based mobile widgets and services for consumer and enterprise market segments.
"A key part of creating mobile services with a highly targeted and personalized experience is knowing where subscribers are, and the integration of the SiRFstudio APIs with MIDAS is designed to bring high-accuracy location technology within the reach of content publishers and developers," said Nara Rajagopalan, vice president of products, Openwave. "When combined with other existing content feeds and services in addition to other applications, location adds the geographic dimension and filtering needed to create compelling and highly relevant mobile data services that can drive Web content consumption on mobile devices."
Openwave's location-enabled MIDAS application development platform is designed to offer an easy, uniform way for content publishers and developers to access a variety of powerful location functionality, from location determination to mapping and routing, allowing developers to reduce their time to market and operators to more quickly deliver to consumers a wider choice of LBS applications that are easy to get, easy to use and deliver a rich, location experience. The Openwave MIDAS application development environment also includes tools to create idle-screen widgets and a framework for widget discovery, delivery, and lifecycle management. Openwave MIDAS is designed to run on Windows Mobile, Symbian, BREW, QTopia, Linux and any feature phone platform.
"Adding SiRFstudio to Openwave's MIDAS application development environment will speed development of location-aware widgets and other applications thus enhancing an operator's ability to capture significant revenue from 'long tail' niche mobile applications," said Kanwar Chadha, founder and vice president of marketing for SiRF. "The broad adoption of SiRFstudio APIs is part of SiRF's goal to bring the context of location to all aspects of the mobile experience, and our work with Openwave is another step towards achieving that goal."
SiRFstudio provides handset manufacturers and carriers with the location "platforming" and integration capabilities they need to deliver an out-of-the-box locative experience for mobile devices. It also provides a rapid LBS application development platform for software developers to embed sophisticated location capabilities into new and existing applications or services. SiRFstudio is part of the SiRFecosystem, a comprehensive suite of tools and resources to speed development, testing and marketing of LBS applications that drive application diversification and provide a compelling locative experience for users. More than 100 companies are already participating in the SiRFecosystem LBS developer community, creating unique LocativeMedia(TM) applications and services.
About SiRF Technology Holdings, Inc.
SiRF Technology Holdings, Inc. develops and markets semiconductor and software products that are designed to enable location-awareness utilizing GPS and other location technologies, enhanced by wireless connectivity capabilities such as Bluetooth, for high-volume mobile consumer devices and commercial applications. SiRF's technology has been integrated into mobile consumer devices such as automobile navigation systems, mobile phones, PDAs, GPS-based peripherals and handheld GPS navigation devices, and into commercial applications such as location servers, asset tracking devices and fleet management systems. SiRF markets and sells its products in three target platforms: wireless handheld devices, such as mobile phones; automotive electronics systems, including navigation and telematics systems; and consumer and compute devices, including personal digital assistants, notebook computers, recreational GPS handhelds, mobile gaming machines, digital cameras and watches. Founded in 1995, SiRF is headquartered in San Jose, Calif., and has sales offices, design centers and research facilities around the world. The company trades on the Nasdaq Stock Exchange under the symbol SIRF. Additional information about SiRF and its location technology solutions can be found at http://www.sirf.com.
Openwave Systems Inc. (Nasdaq: OPWV) is the leading independent provider of software solutions that ignite mobility for the communications and media industries. Openwave empowers its customers to rapidly transform their business by sparking new revenue streams and market opportunities, building loyal subscriber communities and reducing operational costs. Openwave's broad range of IP-based handset-to-network solutions enable the rapid launch of information, communication and entertainment services across networks and devices and include handset software, content delivery, adaptive messaging, location, music and video services. Openwave is a global company headquartered in Redwood City, California. For more information please visit http://www.openwave.com.
Openwave is a trademark of Openwave Systems Inc. All other trademarks are the properties of their respective owners.
Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, statements regarding the anticipated capabilities and benefits of SiRFstudio, the ability to successfully integrate our SiRFstudio location capabilities with the Openwave(R) MIDAS application development platform and the anticipated benefits of this combined solution are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "to," "will," "being," "possible," "may," "addresses," "designed to," "provide," "believe," and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and should not be considered as an indication of future performance. SiRF's actual results could differ materially from those discussed in these forward-looking statements as a result of risks and uncertainties, including, among others, demand and market acceptance for our products and those of our customers, the market for GPS-based location awareness capabilities, risks associated with the semiconductor industry and other risks and uncertainties discussed in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2007 and from time to time in SiRF's SEC reports. These forward-looking statements speak only as of the date hereof. We do not undertake any obligation to update forward-looking statements.
Cautionary Note Regarding Forward Looking Statements
This release contains forward-looking statements relating to expectations, plans or prospects for Openwave Systems Inc. that are based upon the current expectations and beliefs of Openwave's management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Notwithstanding changes that may occur with respect to matters relating to any forward looking statements, Openwave does not expect to, and disclaims any obligation to, update such statements. Openwave, however, reserves the right to update such statements or any portion thereof at any time for any reason.
In particular, the following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (a) the ability to make changes in business strategy, development plans and product offerings to respond to the needs of our current, new and potential customers, suppliers and strategic partners; (b) the ability to develop and commercialize new products, such as the integration of SiRF's SiRFstudio location capabilities with Openwave MIDAS; (c) industry and customer adoption and acceptance of new products; (d) risks associated with the development and licensing of software generally, including potential delays in software development and technical difficulties that may be encountered in the development or use of our software; (e) increased global competition and pricing pressure on our products; (f) technological changes and developments; and (g) general risks of the Internet and wireless and wireline telecommunications sectors.
For a detailed discussion of these and other cautionary statements, please refer to the risk factors discussed in filings with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2006, and any subsequently filed reports. All documents also are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at http://www.sec.gov or from Openwave's website at http://www.openwave.com.
For more information contact: Lori Evans Evans Public Relations/for SiRF Technology Holdings, Inc. 650/312-8344 mobile: 650/200-5891 firstname.lastname@example.org Rebecca Parr SiRF Technology, Inc. 408/392-8422 email@example.com Vikki Herrera Openwave Systems Inc. Public Relations Tel: 650-480-6753 Vikki.Herrera@Openwave.com
SOURCE SiRF Technology Holdings, Inc.