From the Wires
NXP's Identification Solutions Honored at 2012 SESAMES Awards
Identification Leader Accepts Two Awards for NFC Technology at CARTES 2012
Nov. 8, 2012 10:29 AM
EINDHOVEN, THE NETHERLANDS and PARIS -- (Marketwire) -- 11/08/12 -- NXP Semiconductors N.V. (NASDAQ: NXPI), the global leader in the Identification market, announced today that it has received two SESAMES Awards for its Identification solutions. At the 17th annual award ceremony held at CARTES 2012, an independent jury recognized NXP's outstanding achievements in Identification with SESAMES Awards for the next generation NFC radio controller PN547 and a mobile POS application from NXP and its partner Cubic, a leading system integrator for public transport.
Rewarding technological innovation, the SESAMES Awards have become a well-respected benchmark in the smart card and identification industry. NXP has again been recognized as the most successful company at the 2012 SESAMES Awards, as the recipient of two award wins and as a finalist across the eleven categories.
Best Hardware: NFC Radio Controller - PN547
The PN547 is a next generation NFC radio controller designed for LTE mobile devices, delivering exceptional NFC user experiences. It tops the most widely deployed NFC radio chip, NXP's PN544, which surpassed the 100m shipment threshold in September 2012, and outperforms any other NFC radio controller. The PN547 features doubled RF range, a smaller footprint, five times the wireless data throughput and 50 percent lower power consumption compared to the PN544. In addition, the PN547 offers a native reader device mode functionality that enables smart life use cases such as secure, mobile contactless POS applications and NFC-enabled mobile ticketing.
Best Trusted Internet/Authentication Technology: MPOS
By combining NXP's NFC technology with contactless e-ticketing for improved urban mobility, Cubic's mobile point of sales (MPOS) application is a major step toward an unrivaled end-user experience. With this smart solution from NXP and Cubic, passengers will be able to reload their smart card-based tickets "on-the-go," anytime and anywhere. The MPOS application brings passengers increased convenience, as they will be far less likely to miss their trains due to shorter queues at the ticket machine. Public transport operators also benefit by reducing cycle duty and operating costs at fixed ticket vending machines.
"We are pleased to work with our mobile partners such as NXP to deliver a product that is truly valuable to transit customers," said David deKozan, vice president, strategic initiatives for Cubic Transportation Systems, a subsidiary of San Diego-based Cubic Corporation (NYSE: CUB). "This product turns every NFC-enabled mobile phone into a secure, personal point of sale device, saving consumers time, increasing convenience, and reducing revalue channel costs for transit agencies."
"Once again, two SESAMES Awards prove our leadership across the entire Identification market. NXP solutions are key for ID applications such as eGovernment, banking, infrastructure, RFID tags, transport ticketing and NFC," said Steve Owen, senior vice president, global sales, Identification business, NXP. "NXP is the only company that can combine best security and contactless technology for complete Identification applications. We will continue to create new markets and provide convenience and trust for the mobile smart life."
NXP is the No. 1 supplier to the Identification market globally, and leverages its leadership in contactless and security technologies to provide complete Identification solutions. As reported in NXP's Q3 2012 results, NXP's Identification business showed quarter to quarter revenue growth of 18 percent and an increase of revenue by 72 percent since Q3 2011.
NXP at CARTES & IDentification 2012
The awards were presented at CARTES, where NXP is showcasing demos highlighting the key role that ID technologies play to provide trust for the smart lifestyle. The CARTES show in Paris is the largest event worldwide bringing together all the major players in digital security, payment, contactless and smart technologies. Visitors to CARTES 2012 (Paris, November 6-8) can see NXP's NFC technology in multiple applications developed to authenticate identities and secure transactions (booth 4J 027, Hall 4).
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.2 billion in 2011. Additional information can be found by visiting www.nxp.com.
This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions; the ability to successfully introduce new technologies and products; the end-market demand for the goods into which NPX's products are incorporated; the ability to generate sufficient cash, raise sufficient capital or refinance corporate debt at or before maturity; the ability to meet the combination of corporate debt service, research and development and capital investment requirements; the ability to accurately estimate demand and match manufacturing production capacity accordingly or obtain supplies from third-party producers; the access to production capacity from third-party outsourcing partners; any events that might affect third-party business partners or NXP's relationship with them; the ability to secure adequate and timely supply of equipment and materials from suppliers; the ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly; the ability to form strategic partnerships and joint ventures and to successfully cooperate with alliance partners; the ability to win competitive bid selection processes to develop products for use in customers' equipment and products; the ability to successfully establish a brand identity; the ability to successfully hire and retain key management and senior product architects; and, the ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and NXP's business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, NXP's market segments and product areas may develop. NXP has based these assumptions on information currently available, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While NXP does not know what impact any such differences may have on its business, if there are such differences, its future results of operations and its financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.
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