LOS ANGELES, Sept. 27, 2004 (PRIMEZONE) -- Perfisans Networks Corp. (OTCBB:PFNH), a next-generation semiconductor designer focused on the burgeoning Gigabit Ethernet market, announced at the close on Friday a new design win and supply agreement for its proprietary line of high-speed network acceleration chips, marking a major achievement in the company's evolution from start-up to supplier.
DBL Technology Co. Ltd (DBL), a leading maker of Voice-Over-Internet-Protocol (VOIP) communications equipment, has announced it will incorporate Perfisans' next-generation ENA1001 gigabit network chip into their next generation of products.
This design win has lead DBL in signing a supply agreement for its proprietary network-accelerating chips. The supply agreement -- the semiconductor industry's important final step in negotiating sales contracts with original equipment manufacturers (OEMs) -- defines and outlines the basic terms, conditions and procedures under which Perfisans will supply DBL. Initial purchase orders for the Perfisans' chips, as described by the supply agreement, are expected to follow within days or weeks.
DBL Technology Co. Ltd., based in of Shenzhen, China, is a significant player in the Taiwanese and Chinese communication markets, and is among select companies approved by the Chinese Ministry of Information Industry. DBL plans to integrate Perfisans' proprietary ENA1001 gigabit network chip into several of its new product designs.
"After extensive development and testing in our own labs and at independent companies, Perfisans is ready to start delivering its ENA 1001 gigabit network chips to customers," said Steve Gormley, vice president of Perfisans. "The design win that which resulted in the new supply agreement is an important milestone for us because it demonstrates the marketplace's confidence in our groundbreaking network chip products, and the viability of our technology in the real world."
About DBL Technology Co. Ltd.
DBL Technology Co. is a major communication equipment company of Voice over Internet Protocol (VoIP) for the worldwide market. DBL designs VoIP Gateways, IP Phone, Gatekeeper, Relay Servers, and high performance AAA Billing servers. The company is based in Shenzhen, China.
About Perfisans Holdings Inc.
Founded in 2001, Perfisans Holdings, Inc. is an emerging ASIC design house focused on developing leading edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next generation network systems. Rapidly being recognized by industry leaders for its innovative network interface products, the Company's technologies have applications in telecommunication, data communication, storage networks, content delivery networks, broadband networks and rich streaming media.
Perfisans' proprietary chip technology is fully standards-compliant, and provides high efficiency, high-quality network connections for both business and home applications. The Perfisans' ENA1001 can efficiently process protocols such as IP and TCP, and its high-speed protocol-processing capabilities -- 10 times faster than typical 100M-bit networks -- can vastly improve the efficiency of the network. The ENA1001 network interface chip employs Perfisans' proprietary TCP offload engine (TOE), providing highly efficient network throughput, to enable high-performance networks for a wide range of applications. More information can be obtained from the Company's web site at www.perfisans.com.
Cautionary Statement
This press release contains statements relating to future results of Perfisans (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Perfisans' Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.