"Securing this latest round of funding puts us in a great position to finance continued development of new DSP products, expand our worldwide sales and marketing activities, and sign additional licensing agreements with new customers," said Jacqueline Bergen, vice president and chief financial officer, StarCore LLC. "Our investors are impressed with our new products and have confidence in our business development activities and growth opportunities."
On October 13, 2003, StarCore announced the SC1200 and SC1400 families of licensable DSP platforms for communications products that require high performance processing capabilities and low power consumption, such as 2.5G and 3G handsets, networking infrastructure and consumer electronics products such as PDAs. Industry leading companies that have licensed StarCore's DSP technology include Infineon and Motorola, and StarCore's customers have plans to introduce more than 20 StarCore DSP-based products to the market by 2005.
"The reasons why we're enjoying rapid growth and ongoing success are clear," says Tom Lantzsch, chief executive officer, StarCore LLC. "We strive to make the IP licensing and adoption process easier and simpler. We surround our products with an ecosystem of industry leading tools and software providers so our customers enjoy an easy technology integration process. And, a recent independent analysis has shown that our products are the highest performing licensable DSPs available (1)."
In addition to new product development, StarCore plans to use the funding to expand its sales and support organizations into Europe and Asia to better serve existing customers and win new accounts.
Financial details of the funding are not being disclosed. (1) The BDTIsimMark2000(TM) provides a summary measure of digital signal processing speed. Visit http://www.bdti.com/ for more information on the scores and on BDTI's report "Inside the StarCore SC1200 and SC1400." About StarCore LLC
Based in Austin, Texas, StarCore LLC is a leader in the development of high-performance DSP architectures, cores and intellectual property building blocks for the communications and consumer electronics industries. For more information on StarCore LLC and its intellectual property and services, visit the company's website at http://www.starcore-dsp.com/ .
Media Contact StarCore LLC Allen Hyman +1 512-682-8558 Email Contact
CONTACT: Allen Hyman of StarCore LLC, +1-512-682-8558, or