No Ban Exists on SiRF or SiRF Customer Product Shipments
SAN JOSE, Calif., August 26, 2008 - SiRF Technology Holdings, Inc. (NASDAQ: SIRF), a leading provider of GPS-powered location platforms, today announced that SiRF and the ITC staff have independently filed appeals with the International Trade Commission (ITC) for review of the ITC Administrative Law Judge's (ALJ) initial ruling that certain SiRF products infringed upon patents held by Global Locate, Inc., a wholly-owned subsidiary of Broadcom. In addition, SiRF has taken measures to reassure its customers of multiple alternatives to address this initial ruling to enable SiRF customers to continue shipping their innovative products into the US market.
"There is no ban on shipment of SiRF's or our customers' products. In fact, the ITC will not even make any final determination until December after they have finished their investigation including reviewing the ITC Staff's appeal and our appeal," said Kanwar Chadha, founder of SiRF Technology. "Meanwhile we continue to provide our customers with products and services to address their needs and ensure that consumers get the full benefits of SiRF's innovations."
The initial ruling is subject to review by the ITC. SiRF believes that the ALJ's initial decision is incorrect, and the evidence presented during the trial gives SiRF a strong basis for its appeal to the ITC for its final ruling, due to issue in December 2008. The ITC Staff has also independently filed an appeal of the initial ruling.
In addition, there will be a remedies briefing process to the ITC that determines the impact, if any, of a ruling on SiRF and SiRF customers' products, which will occur in due course. The final ITC ruling is further subject to a sixty-day Presidential review period and can then be appealed to the Federal Circuit Court of Appeals.
During the last 13 years, SiRF has built a patent portfolio in the location technology field that includes more than 250 patents awarded worldwide and more than 370 additional patent applications pending. SiRF's patent portfolio also includes some of the early GPS patents that SiRF acquired through its acquisition of Conexant's GPS business in 2003, and Motorola's GPS assets in 2005.
About SiRF Technology
SiRF Technology Holdings, Inc. develops and markets location platforms based on semiconductor and software products that are designed to enable location-awareness utilizing GPS and other location technologies, enhanced by wireless connectivity and multimedia capabilities for high-volume mobile consumer devices and commercial applications. SiRF's technology has been integrated into a wide range of mobile consumer devices such as automobile navigation systems, portable navigation devices (PNDs), mobile phones, mobile computers, GPS-based peripherals and handheld GPS devices, and into commercial applications such as location servers, asset tracking devices and fleet management systems. SiRF markets and sells its products in four target platforms: wireless handheld devices such as mobile phones; automotive electronics systems, including navigation and telematics systems; consumer electronics products such as recreational GPS handhelds, mobile gaming machines, digital cameras and wearable devices; and mobile computing systems, including personal digital assistants, notebook computers, universal mobile personal computers (UMPCs) and mobile internet devices. Founded in 1995, SiRF is headquartered in San Jose, California, and has sales offices, design centers and research facilities around the world. The company trades on the NASDAQ Stock Exchange under the symbol SIRF. Additional information about SiRF and its location technology solutions can be found at www.sirf.com.
Forward Looking Statements
Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, our belief that the initial ruling was incorrect, the strength of our appeal, our strategy, whether the ITC will grant our appeal, the outcome or impact of any determination by the ITC or its process, our alternatives to address the initial ruling, the ability to ensure that customers can ship products into the U.S. and/or get the full benefits of our innovations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "to," "being," "possible," "may," "will," "addresses," "designed to," "expand," "provide," "believe," and similar expressions are intended to identify forward-looking statements. These statements are not guarantees and should not be considered as an indication of future performance. Actual results could differ materially from those discussed in these forward-looking statements as a result of risks and uncertainties, including, among others, the success of our appeal, the ITC's final ruling and related remedies, our ability to provide customers with alternative solutions and whether customers find those acceptable, our ability to maintain our customer base, and the success of our litigation strategy. Risks and uncertainties related to SiRF are discussed in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 and from time to time in SiRF's SEC reports. These forward-looking statements speak only as of the date hereof. We do not undertake any obligation to update forward-looking statements.
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