Actions Semiconductor Launches High Performance OWL Series Chipset

ZHUHAI, China, Sept. 25, 2013 /PRNewswire/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics, today announced the introduction of its new ATM7039 chipset. 

Actions' ATM7039 chipset is a high performance quad-core tablet solution which supports the Android^TM 4.2.2 Jelly Bean operating system and brings new advanced multimedia features to higher end tablets. ATM7039 features the quad-core ARM® Cortex^TM A9 CPU (with single CPU running up to 1.6 Ghz), high performance, world-class PowerVR GPU core from Imagination Technologies, 2K by 4K super high resolution decoding including support of the newest international standard--high definition HVEC/H.265  video decoding and a dual channel 64 bit DRAM interface enabling faster data transfers.  Also, the Actions innovative LPD Gen. III architecture in ATM7039 features an intelligent brightness control that reduces power consumption and lessens eye strain. 

"Actions Semiconductor is pleased to announce the newest member of our OWL series tablet SoC family, ATM7039, a very high performance quad-core tablet solution. With its unique combination of high performance quad-core CPU, powerful GPU and dual channel 64 bit DDR, the ATM7039 brings a very attractive solution to the tablet market that can support high resolution LCD displays up to 2048 by 1536 resolution (retina resolution). The support of the newest and most advanced international video compression standard, HEVC/H.265 high resolution decoding, will provide users with a higher level multimedia experience. We expect rapid adoption of this new product, especially among domestic and international brand name customers," stated Dr. Zhenyu Zhou, CEO of Actions Semiconductor.    

"Together with ATM7021, ATM7023 and ATM7029,  the introduction of ATM7039 brings a more complete product offering to the tablet market that targets each segment, from entry level to high-end, and positions us to further penetrate the mobile Internet enabled multimedia market," added Dr. Zhou. 

The company introduced ATM7039 at a press conference on September 25 at the Sheraton Shenzhen Futian Hotel. 

About Actions Semiconductor

Actions Semiconductor is one of China's leading fabless semiconductor companies that provides comprehensive portable multimedia and mobile internet system-on-a-chip (SoC) solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components. Actions Semiconductor also provides total product and technology solutions that allow customers to quickly introduce new portable consumer electronics to the mass market in a cost effective way. The company is headquartered in Zhuhai, China, with offices in Shanghai and Shenzhen. For more information, please visit the Actions Semiconductor website at http://www.actions-semi.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements include statements concerning the adoption of the company's new products by top-tier, international, brand name customers, the company's ability to gain share the mobile Internet enabled multimedia market, anticipated revenue contribution of new products and Actions Semiconductor's belief that it is positioned to capture some upside from these trends.  Actions Semiconductor uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are estimates reflecting current assumptions, expectations and projections about future events and involve significant risks, both known and unknown, uncertainties and other factors that may cause Actions Semiconductor's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, customers' cancellation or modification of their orders; our failure to accurately forecast demand for our products; the loss of, or a significant reduction in orders from, any of our significant customers; fluctuations in our operating results; our inability to develop and sell new products; defects in or failures of our products; the expense and uncertainty involved in our customer design-win efforts; the financial viability of the distributors of our products; consumer demand; worldwide economic and political conditions; fluctuations in our costs to manufacture our products; our reliance on third parties to manufacture, test, assemble and ship our products; our ability to retain and attract key personnel; our ability to compete with our competitors; and our ability to protect our intellectual property rights and not infringe the intellectual property rights of others. Other factors that may cause our actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect our prospects in general are described in our filings with the Securities and Exchange Commission, including our most recently filed Forms F-1, 20-F and 6-Ks. Other unknown or unpredictable factors also could have material adverse effects on Actions Semiconductor's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, Actions Semiconductor undertakes no obligation and does not intend to update or revise any forward-looking statement to reflect subsequent events or changed assumptions or circumstances.

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