Transmeta Bolsters Commitment to China with Midori Linux Agreement Announces Equity Stake in Chinese 2000 Holdings Ltd.
Santa Clara, Calif. and Hong Kong; June 12, 2003…Transmeta Corporation (Nasdaq: TMTA), the leader in efficient computing, today announced it has entered into an agreement to allow Chinese 2000 Holdings Ltd. to develop and market Transmeta’s Midori™ Linux version of the Linux operating system for mobile and embedded devices in China and other countries in the Asia-Pacific region.
The agreement exemplifies Transmeta’s aggressive push into the Chinese market and other key Asia-Pacific countries. Transmeta is targeting the region as a significant aspect of its growth plans, and the collaboration between the two companies on Midori Linux development and marketing focuses on China, Hong Kong, Macau and Taiwan.
Linux has emerged as an important operating system in China and the region. To help capitalize on that growth, Transmeta is combining its Linux expertise with that of Chinese 2000 Holdings to support a range of innovative mobile and embedded products that are already implementing or plan to use Transmeta’s energy efficient processors. These products include competitively priced notebooks, ultra personal computers and set-top boxes, as well as many other potential applications.
“One of Transmeta’s top priorities is to support customer needs in the Chinese market and other major Asian regions,” said Dr. Matthew R. Perry, president and CEO, Transmeta Corporation. “Transmeta’s unique combination of microprocessor, system-level and Linux expertise, coupled with Chinese 2000 Holdings’ experience in the Asian markets, make a formidable partnership. Together, we offer our customers a comprehensive approach to Linux-based computing.”
In addition to the development and marketing arrangement between the two companies, the agreement provides Transmeta with an equity ownership in Chinese 2000 Holdings and a multi-year profit sharing arrangement relating to the sale of Midori Linux-based services and support.
Chinese 2000 Holdings is dedicated to developing a low cost, high quality and multi-cultural network environment and information infrastructure, and to providing an all-around foundation technology, product and solution software for use in Chinese language speaking regions. The company’s mission is to further develop and enhance the Chinese Linux-based operating system for mobile and embedded computing products to provide quality and economic choice for users in Asia.
Transmeta introduced Midori Linux in March 2001 as an attractive option for devices requiring Linux compatibility, energy efficiency, low thermals and a small form factor. Commercialized by Transmeta’s highly experienced Linux development team, one of the company’s key contributions to Midori Linux includes the creation of ACPI power management states, which are important features in products requiring minimal power consumption.
About Transmeta Corporation
Transmeta Corporation develops and sells software-based microprocessors and develops additional hardware, software and system technologies that enable manufacturers to build highly efficient computing systems characterized by low power consumption, reduced heat dissipation and the high performance required to run standard x86 compatible programs. We originally developed our family of Crusoe microprocessors for lightweight notebook computers and other mobile computing devices, but we have developed and are continuing to develop microprocessors suitable for a variety of existing and emerging end markets in which x86 program compatibility and energy and thermal efficiency are desirable. To learn more about Transmeta, visit
http://www.transmeta.com.
Transmeta, Crusoe and Midori are trademarks of Transmeta Corporation. Linux is a registered trademark of Linus Torvalds. All other product or service names mentioned herein are the trademarks of their respective owners.
Contact:
Phillip Bergman
Transmeta Corporation
408-919-6818
bergman@transmeta.com
or Deborah A. Stapleton
Investor Relations
650-470-0200
deb@stapleton.com
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