Apogee and Infra-Com to Develop and Market Wireless Digital Technology
NORWOOD, Mass. - Aug. 19, 2004 - Apogee Technology, Inc., a leading provider of digital audio amplification integrated circuits ("ICs"), today announced an agreement with Infra-Com Ltd. to jointly develop and market ICs that will enable manufacturers to provide high quality, pure digital wireless connectivity and amplification to home theater surround sound speakers. The innovative IC solutions will combine Infra-Com's IrGate(TM) non-line-of-sight (NLOS) Diffused Infra-red, high-speed digital wireless communication technology with Apogee's DDX® all-digital, high-efficiency amplification technology. The Israel-U.S. Bi-national Industrial Research and Development (BIRD) Foundation awarded this joint program $560,000 for research and development because of its technological and marketing innovation.
John Gitelman, Apogee's Director of Marketing and Product Development said, "Infra-Com's IrGate technology addresses the number one home theater system customer problem of cumbersome rear surround sound speaker connectivity. Current approaches using wireless RF-based connectivity and amplification have had limited success addressing this issue. RF solutions have been limited by quality problems related to RF interference, limited data transmission bandwidth and the need for manufacturers to develop different products to meet varying worldwide RF regulations. Infra-Com's IrGate uses a diffused infrared digital transmission. This robust approach is insensitive to RF interference and is usable worldwide without the regulation problems of certifying RF-based systems. In addition, IrGate's high bit rate capability allows multiple non-compressed digital audio channels to be transmitted with extremely low latency preserving the original digital quality of the signal. We are pleased to work with Infra-Com, a leader in diffused infrared wireless technology, to develop the next generation of wireless digital audio solutions. This cooperative effort is part of our strategy to broaden our product line by combining DDX with complementary technologies."
Uri Kanonich, Infra-Com's Chief Operating Officer said, "Apogee's all-digital, high efficiency DDX amplifier technology complements our IrGate technology for wireless speaker applications. The technology can be easily integrated with our digital transmit and receive Modem ICs to provide a pure digital path all the way from the audio source, through the IrGate wireless digital link to the active wireless powered speakers. We are delighted to be associated with a market leader like Apogee who has built a broad customer base on the strength of their DDX technology and their superior customer service. The integration of these two digital technologies will enable high quality, easy to install home theater systems."
About Apogee Technology, Inc.
Apogee Technology, Inc. is a fabless semiconductor company that designs, develops and markets silicon based products that incorporate proprietary technology. The Company's patented all-digital, high efficiency Direct Digital Amplification (DDX®) ICs have been used by over 20 major consumer electronic brands in a wide range of audio products. The Company is developing new System-on-Chip (SOC) products using its analog and digital circuit designs and Micro-Electromechanical Systems (MEMS) technology for the consumer, automotive, communications and medical markets. The Company operates a worldwide marketing and sales organization and has offices in the US, Hong Kong and Japan. For more information please visit our web site at: http://www.apogeeddx.com .
Infra-Com Ltd is a fabless semiconductor company that designs and markets semiconductor ICs intended for use in short-range, indoor, wireless communication applications. Infra-Com Ltd. is the Israeli R & D Center of Infra-Com Technologies Inc. - a U.S. Delaware based Corporation. The company focuses on the development and commercialization of innovative, low-cost chipsets based on infrared optical technology for the home entertainment (consumer electronics), medical, PC accessory and transportation markets. Infra-Com has recently launched its first member in the IrGate family of chipsets, the IrGT801A, suited specifically for the wireless audio markets. For more information please visit our Web site at www.infra-com.com
About the BIRD Foundation
The Israel-U.S. Bi-national Industrial Research and Development (BIRD) Foundation ( www.birdf.com ) promotes strategic partnerships between Israeli and American companies in various technological fields. BIRD assists, free of charge, in the identification of strategic partners for development of a joint product. Over the course of years of activities, BIRD has achieved a proven track record in predicting emerging business areas and breakthroughs. This has earned it a prominent and authoritative position within the Israeli technological community, and enabled it to promote leading technological projects in various business areas. The BIRD Foundation funds projects without taking any equity. Funds are repaid only as royalties on actual sales. The Foundation provides funding up to 50% of project expenses, from R & D to the initial stages of sales and marketing. In projects that do not reach actual sales, BIRD participates in the risk without demanding repayment of its investment. The BIRD Foundation works in full cooperation with the Office of the Chief Scientist of the Israeli Ministry of Industry and Trade and the American National Institute of Standards and Technology (NIST), whose representatives serve as BIRD's Chairman of the Board on a rotating basis.
DDX® is a registered trademark of Apogee Technology, Inc. All other product names noted herein may be trademarks of their respective holders. Certain statements made herein that use the words "estimate", "project", "intend", "plan", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties, which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied. Please refer to the company's risk factors as set forth in the company's filings with the Securities and Exchange Commission, including its reports on Forms 10-KSB and 10-QSB.