TORONTO, Sept. 19, 2007 (PRIME NEWSWIRE) -- Perfisans Holdings Limited (OTCBB:PFNH), a wholly owned subsidiary of Perfisans Network Corporation ("Perfisans"), a next-generation semiconductor design house focused on the high-speed wireless communication and consumer semiconductor markets, announced plans today to release a cellular phone solution to the consumer electronics market in China.
After its recent LOI merger announcement with Tiffany Technology Limited, (www.tiffanytech.com) a major channel distributor focused on consumer semiconductor components and supply for the ever-increasing demand within the Chinese markets, PFNH immediately began extensive market research. Results show strong market demand for a cost-effective cellular product in China. PFNH has formed an implementation team in China to develop such a solution based on the Company's in depth engineering knowledge and expertise. The cellular phone market is growing rapidly worldwide and as such, cost is one of the major concerns in entering the market. Today, the high-end market is dominated by the big four cellular phone brands, namely Nokia, Motorola, Sony Ericsson, and Samsung. In the market need of developing countries, the low cost cellular phones are mostly manufactured in China.
The cellular phone market is growing rapidly worldwide, especially in China where new cellular subscriptions have surpassed fixed telephone lines. The ability to adapt to the rapidly changing market and roll out new products quickly will be a high priority for Perfisans in this endeavor.
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 has been delivering innovative solutions that address the performance needs of next-generation network systems since inception. Rapidly being recognized by industry leaders for its innovative network interface products, the Company's technologies have applications in telecommunications, data communications, 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.