NXP Semiconductors N.V. (Nasdaq: NXPI) and Cochlear Limited (ASX: COH) - the leading global expert in implantable hearing solutions - today announced an agreement to extend and reinforce their long-term partnership.
The collaboration focuses on joint development of high performance mixed signal devices to power Cochlear's future generations of implantable hearing solutions. This encompasses the development and supply of ultra-low power miniaturized solutions for speech processing, wireless connectivity and non-volatile storage.
"Cochlear's primary objective is to offer our implant users the best possible hearing experience. To continue to do this, it's vital that we remain at the forefront of semiconductor innovations enabling better hearing outcomes," said Jan Janssen, senior vice president, design and development at Cochlear. "As a thought leader in this specific area, NXP Semiconductors is a long-standing partner for Cochlear. Our ongoing close cooperation has helped us to consistently deliver market-leading hearing solutions."
"This agreement marks a new milestone in the ongoing partnership between Cochlear and NXP. We are excited and honored to work with the leader in implantable hearing solutions, as it is a fantastic endorsement of our renowned strength in body area networks and personal health devices," said Bart De Loore, vice president and general manager of NXP's personal health business. "NXP continues to tirelessly innovate and address demanding personal health solution needs including disruptive low power consumption, system miniaturization, robust operation and human lifetime reliability."
About Cochlear Limited
Cochlear is the global leader in implantable hearing solutions. It has a dedicated global team of more than 2,500 people who deliver the gift of sound to the hearing impaired in over 100 countries around the world. Our vision is to connect people, young and old, to a world of sound by offering life enhancing hearing solutions. Over almost 30 years this vision has seen Cochlear help over 250,000 people either hear for the first time or reconnect them to their families, friends, workplaces and communities.
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 http://www.nxp.com.
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