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SUNNYVALE, Calif., May 9, 2006 - Spansion Inc. (Nasdaq: SPSN), the world's largest pure play provider of Flash memory solutions, today announced it has licensed the Discretix CryptoFlashT security technology to enable secure Flash memory solutions. This marks the third agreement Spansion has recently inked to create innovative solutions that add security capabilities to the company's MirrorBitT Flash memory for future products.
"Spansion's ability to add more security features to our products demonstrates our commitment to deliver customers added value in Flash memory solutions," said George Minassian, vice president of strategic planning and systems engineering, Wireless Solutions Division, Spansion. "The combination of Discretix's advanced security technology and cryptographic services with Spansion's scalable MirrorBit technology, system integration capabilities and security expertise, will create more secure memory solutions to meet a range of customer requirements in the wireless market."
The agreement with Discretix, in combination with Spansion's scalable MirrorBit technology, provides the building blocks to address the growing need for improved handset security. Spansion plans to leverage Discretix's CryptoFlash security technology to deliver highly differentiated Flash memory solutions through its Logic-on-Flash capabilities, which involve joint collaboration and co-development with strategic partners.
"Discretix believes Flash memory is a critical component to secure within electronic devices," said Edo Ganot, executive vice president of sales and business development, Discretix. "Spansion's logic-friendly and cost-effective MirrorBit technology is a natural fit with Discretix's embedded security to provide secure solutions for end users, enterprises and mobile operators."
Spansion's proprietary MirrorBit technology delivers a scalable family of NOR and ORNAND(TM) products to meet a range of customer requirements in wireless and embedded markets.
"Mobile commerce and digital content require significantly improved handset security, compared to what is available on the market today," said Roger Entner, vice president of wireless telecommunications at Ovum. "Service theft and fraud are a growing issue for mobile device owners and operators who are looking for improved solutions to secure important financial, enterprise and personal content on their handsets."
About Spansion
Spansion is a leading Flash memory solutions provider, dedicated to enabling, storing and protecting digital content in the wireless, automotive, networking and consumer electronics markets. Spansion, previously a joint venture of AMD and Fujitsu, is the largest company in the world dedicated exclusively to developing, designing, and manufacturing Flash memory products and systems. For more information, visit www.spansion.com.
Cautionary Statement This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that the forward- looking statements in this release involve risks and uncertainties that could cause actual results to differ materially from the company's current expectations. Risks that the company considers to be the important factors that could cause actual results to differ materially from those set forth in the forward-looking statements include the possibility that demand for the company's Flash memory products will be lower than currently expected, including without limitation the upcoming HD-SIM solution; that OEMs will increasingly choose NAND-based Flash memory products over NOR- and ORNAND- based Flash memory products for their applications; that customer acceptance of MirrorBit technology will not continue to increase; that competitors may introduce new memory technologies that may make the company's Flash memory products uncompetitive or obsolete; that the company may not achieve its current product and technology introduction or implementation schedules; that the company will be unsuccessful in executing its strategy of collaborating with strategic partners to integrate logic blocks into its Flash memory solutions; and that the company will not be able to raise sufficient capital to enable it to establish leading-edge capacity to meet product demand and maintain market share. We urge investors to review in detail the risks and uncertainties in the company's Securities and Exchange Commission filings, including but not limited to the company's Registration Statement on Form S-1.
NOTE: Spansion, the Spansion logo, MirrorBit, ORNAND and combinations thereof, are trademarks of Spansion LLC. Other names used are for informational purposes only and may be trademarks of their respective owners.
SOURCE Spansion LLC
Courtney Brigham of Spansion Public Relations, +1-408-749-5386, or courtney.brigham@spansion.com
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