MOUNTAIN VIEW, Calif.,
Aug. 15, 2011 /PRNewswire/ -- CEVA,
Inc. (NASDAQ: CEVA); (LSE: CVA), the leading licensor of silicon
intellectual property (SIP) platform solutions and DSP cores, today
announced that the Israeli Smart Grid (ISG) Consortium which it
helped spearhead has received the backing of the Israeli Chief
Scientist under its MAGNET R&D Program. The group consists of
seven industrial partners and five academic institutions. It will
use the funding for a three to five year development program
focused on new technologies and algorithms for the emerging smart
grid market, including communication technologies, demand response
and consumption forecasting.
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CEVA will offer its communications expertise to meet the needs
of smart grid applications such as smart meter modems and smart
home appliances. CEVA's background in DSP-based wireless and
wired technologies including PLC, Wi-Fi, Zigbee, LTE and
WiMAX, will be the cornerstone for the development of advanced
technologies aimed at delivering highly energy efficient, mass
market smart grid technologies. CEVA already has several
licensees using its DSP technologies for smart grid, PLC and other
intelligent energy use products.
"The use of smart grid technology is essential worldwide as we
look for more efficient energy solutions. Communications and
intelligent processing of information are critical requirements and
CEVA's expertise through our programmable DSP solutions plays a key
role in the development of these products. The market opportunity
is extremely large and, as it develops, it is also important to
have a flexible architecture to be able to support evolving
standards and future market requirements," said Eran Briman, vice president of marketing at
CEVA. "We are pleased to have founded the ISG Consortium together
with leading members of the Israeli technology industry and
academia, and are thankful for the backing of the government's
Chief Scientist through its MAGNET R&D program."
The ISG Consortium currently consists of seven industrial
partners that, along with CEVA, also include Motorola Solutions
Israel, ECI Telecom, Yitran Communications, Ruggedcom, Control
Applications and Powercom; and five Israeli academic institutions,
including Tel-Aviv University,
Ben-Gurion University and Bar-Ilan University. The Israeli Electric Company
(IEC) is also supporting the Consortium's activities.
The MAGNET Program, in the Office of the Chief Scientist of the
Ministry of Industry, Trade and Labor, sponsors innovative
industry-oriented technologies to strengthen Israel's technological expertise and enhance
competitiveness. It supports both industrial companies and academic
research groups to facilitate its vision of synergetic
collaboration to develop new and innovative products.
About CEVA, Inc.
CEVA is the world's leading licensor of silicon intellectual
property (SIP) DSP cores and platform solutions for the mobile
handset, portable and consumer electronics markets. CEVA's IP
portfolio includes comprehensive technologies for cellular baseband
(2G / 3G / 4G), multimedia, HD video and audio, voice over packet
(VoP), Bluetooth, Serial Attached SCSI (SAS) and Serial ATA (SATA).
In 2010, CEVA's IP was shipped in over 600 million devices,
powering handsets from 7 out of the top 8 handset OEMs, including
Nokia, Samsung, LG, Motorola, Sony Ericsson and ZTE. Today, more
than one in every three handsets shipped worldwide is powered by a
CEVA DSP core. For more information, visit www.ceva-dsp.com. Follow
CEVA on twitter at www.twitter.com/cevadsp.
SOURCE CEVA, Inc.