NORTH PLAINFIELD, N.J., Aug. 24, 2004 (PRIMEZONE) -- CDKnet.com, Inc. (OTCBB:CDKN) today announced that its Arkados Inc. subsidiary has entered into a collaboration agreement with GDA Technologies Inc., a leading hardware design firm. The two companies have agreed to work together to quickly bring HomePlug-certified silicon to market.
Each company recognizes that a great synergy exists between them: Arkados' team has accumulated years of experience in Powerline communications and System-on-chip design while GDA has excelled in building complex semiconductors for the leaders of the semiconductor industry.
"We are very pleased to be working with GDA," stated Oleg Logvinov, president and chief executive officer of Arkados. "Their engineering team has demonstrated remarkable results with previous projects, and they have a proven track record in the marketplace."
"Powerline communication holds an excellent promise, and it is exciting to be working in this space along with Arkados," said Ravi Thummarukudy, vice president and general manager of IC Design Solutions at GDA. "We were impressed with the Arkados design and felt that our team, having successfully served several leading electronic product companies can make Arkados' design another success story."
Based on a worldwide specification from the HomePlug Powerline Alliance, powerline technology uses the power lines already in a home as a high-speed network, allowing digital devices, such as computers and consumer electronics, to connect to each other, and to the Internet. Mr. Logvinov also serves as president of the HomePlug Alliance.
"GDA's team will become an extension of our team and will bring additional resources and vast expertise into this project," Logvinov said. "This collaboration will bring highly integrated, lower-cost powerline solutions to market for in-home data networks and for entertainment applications such as digital audio and video."
About Arkados
Arkados Inc., based in North Plainfield, N.J., is a wholly owned subsidiary of CDKNet.com Inc. A home networking and broadband powerline communications company, Arkados' powerline solutions enable high-speed digital transmission of voice, video, and data over the existing powerline infrastructure. Arkados' highly integrated semiconductors are targeted for the home networking and broadband communications markets with a focus on application support.
Using advanced design methodologies, Arkados is developing semiconductors that incorporate both standards-based and proprietary technologies. Arkados' designs for next-generation home-networking products incorporate diverse functionality with a focus on the cost-effectiveness of final solutions, and are intended to get products to market quickly. Arkados' solutions support a rapid development environment through robust support of industry-standard Operating Systems and APIs, as well as comprehensive design documentation, software, training, and certification assistance. Arkados is a member of HomePlug Powerline Alliance (www.homeplug.org). For more information on Arkados, visit www.arkados.com.
About GDA Technologies, Inc.
GDA Technologies Inc. is a leading Electronic Design Services (EDS) and Silicon Intellectual Property (SIP) solution provider for the embedded, networking, and consumer electronics markets. GDA specializes in designing ASICs, FPGAs, IPs, boards, SoCs, software and complete systems from concept to product. GDA has successfully developed products in the areas of desktop, server, and embedded computing, digital audio and video applications, Internet appliances, and voice and data networking applications. In the IP front, GDA has been the leading solution provider for fast interconnect technologies such as HyperTransport, PCI-Express, Ethernet and Advanced Switching with many licenses sold in compute, networking and communication markets. GDA is headquartered in San Jose, California, and has satellite design centers in Boston, Sacramento, Singapore, Chennai and Bangalore, India. The GDA web site is www.gdatech.com.
This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, and the impact of competitive services and pricing and general economic risks and uncertainties.