SAN JOSE, Calif., March 28, 2007 (PRIME NEWSWIRE) -- Techwell, Inc. (Nasdaq:TWLL), a leading designer of mixed signal video semiconductor solutions for the security surveillance, automotive, and consumer electronics markets, today announced Hikvision has collaborated with Techwell to help develop an advanced embedded DVR platform based on Techwell's line of advanced 4-in-1 video decoders for security surveillance applications. Featuring the latest H.264 video and audio compression algorithms, Hikvision is the leading developer of China's rapidly growing video surveillance industry. Utilizing Techwell's extensive line of highly integrated, feature rich NTSC/PAL video decoder surveillance ICs has enabled Hikvision to strengthen its DVR platform as well as build on its leadership position in the China market. Techwell will be demonstrating the TW28xx 4-in-1 video decoders and other integrated security solutions at the ISC West Show held in Las Vegas, NV March 28-30, 2007 Sands Expo and Convention Center Booth #6133.
"Techwell's innovative security surveillance products and their high level of customer support enables Hikvision to quickly build world-class solutions with reduced time to market," said Wei-Qi Wu, Vice President of R&D at Hikvision. "By providing the best video performance and the highest level of integration at the lowest cost, Techwell's line of security surveillance ICs is unmatched in the industry. We look forward to building on our leadership position within the video surveillance industry both in China and throughout the world through the adoption of Techwell's innovative video surveillance solutions for our entire line of products."
"Over the past decade Hikvision has made innovative contributions to the digital video security surveillance industry in China by providing advanced products using the most cutting edge technology from leadership companies," said Darron Ma, Techwell's Director of Sales. "We are proud to have worked with Hikvision on so many exciting projects over the years and to have been selected for their entire line of DS-7000 and DS-8000 series platforms to offer best-in-class solutions."
Techwell's TW28xx is a product line of highly integrated video decoders and video controller solutions for the CCTV Security Surveillance market. Techwell continues to break ground in the rapidly growing security surveillance market with the expansion of the TW28xx product line offering the most feature rich and cost-effective solutions for 4, 8 and 16 channel Digital Video Recorders in the market today. In addition to integrating 4 video decoders in one chip, the TW28xx incorporates audio ADCs, audio mux, motion detection, horizontal and vertical scaling, zoom, and playback and record outputs and is an ideal front end for the Digital Video Recorder market.
Pricing and Availability
Please contact a local Techwell sales representative for evaluation boards, samples and pricing. sales@techwellinc.com
About Hikvision
Hikvision provides the most advanced H.264 solution for "Digital Surveillance Security Industries" based on their owned patented Algorithms. Their products range from A/V Compression Boards to Embedded Net DVRs and multi-purposes DVSs. Hikvision provides the latest SDK to their co-partners with online technical support. Their digital surveillance products for DSP platforms feature the latest H.264 video and audio compression algorithms. These items are designed and produced by over 380 employees, including 100 engineers in R&D.
About Techwell
Techwell is a semiconductor company that designs, markets and sells mixed signal integrated circuits for multiple video applications in the security surveillance, automotive and consumer electronics markets. Techwell designs both general purpose and application specific products that enable the conversion of analog video signals to digital form and perform advanced digital video processing to facilitate the display, storage and transport of video content. Headquartered in San Jose, CA, Techwell currently has over 90 employees in the U.S., Korea, Taiwan, China and Japan. Please visit www.techwellinc.com for more information.
Forward-looking Statements
This press release and related conference call contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may be identified by terminology such as may, will, could, should, anticipate and expect and the negative of these terms or other similar expressions. These are statements that relate to future events and include, but are not limited to Techwell's belief that demand for its products will continue to grow in the second half of 2006 and its ability to better address customer requirements, leverage technology capabilities and achieve greater market share, statements relating to future opportunities, success in digital video markets, continued growth as a public company and its anticipated revenues and operating expenses for the third quarter of 2006. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in these forward-looking statements. These risks and uncertainties include, but are not limited to: Techwell's dependence on increased demand for digital video applications for the consumer, security surveillance and automotive markets, the potential decline in average selling prices for Techwell's products, competition, dependence on key and highly skilled personnel, the ability to develop new products and enhance existing products, as well as other risks detailed from time to time in its SEC filings, including those described in the Risk Factors section in Registration Statement on Form S-1. Statements included in this release are based upon information known to Techwell as of the date of this release, and Techwell assumes no obligation to update information contained in this press release.