SANTA CLARA, Calif., Dec. 8 /PRNewswire-FirstCall/ -- DSP Group, Inc.
(Nasdaq: DSPG), a worldwide leader in developing and providing chipsets
solutions for residential wireless connectivity, announced that it has
acquired substantially all of the assets of Bermai Inc., a privately owned
company formed to develop advanced WiFi technology based on 802.11
(a, b, g & e) standards. These developed technologies offer extended coverage
and high Quality of Service ("QoS"). The assets purchased by DSP Group
consisted mainly of intellectual property.
In line with the Company's strategy and focus to provide a complete short
range residential wireless offering, DSP Group plans to further develop and
offer chipsets for voice, data and video applications with high quality of
service and improved ranges over WiFi networks.
In connection with the acquisition, former employees of Bermai Inc., who
became non-executive officer employees of DSP Group following the acquisition,
were granted employment inducement stock option grants to purchase a total of
239,000 shares of DSP Group common stock. These option grants have an
exercise price of $22.67 per share and will vest over a period of four years.
The option grants meet the "employment inducement award" provisions of
NASDAQ's listing standards regarding stockholder approval of equity-based
inducement incentive awards.
About DSP Group, Inc.
DSP Group, Inc. is a fabless semiconductor company, offering advanced
chipsets solutions for a variety of applications. DSP Group is a world leader
in the short-range wireless communication market, enabling home networking
convergence for voice, video & data. By combining its in-house technologies of
Digital Signal Processors (DSP's), portfolio of wireless communication
protocols, including DECT, Bluetooth and WiFi, most advanced Radio Frequency
CMOS and SiGe, as well as VoIP ICs, DSP Group is a world leader and a
one-stop-shop for a wide range of applications. These applications include,
but are not limited to: ISM band digital 900MHz, 2.4GHz, 5.8GHz telephony,
European DECT (1.9GHz) telephony, Bluetooth systems for voice, data and video
communication and are deployed in residential, SOHO, SME, enterprise and
automotive applications. DSP Group ICs provide solutions for MP3 players, VoIP
Phones, Gateways, and Integrated Access Devices (IAD's) and are widely used in
Digital Voice Recorders (DVR's). More information about DSP Group is available
at http://www.dspg.com.
SOURCE DSP Group, Inc.
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Related links:
http://www.dspg.com
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CONTACT:
Yaniv Arieli, President of U.S. Operations,
Investor Relations, +1-408-986-4423, or yarieli@dspg.com
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