By: PRWeb
November 29, 2012 at 21:41 PM EST
Cochlear and NXP to Strengthen Cooperation for Future Generations of Implantable Hearing Solutions
PRWeb

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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Forward-looking Statements
This document includes forward-looking statements which include statements regarding our business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions, our ability to successfully introduce new technologies and products, the demand for the goods into which our products are incorporated, our ability to generate sufficient cash, raise sufficient capital or refinance our debt at or before maturity to meet both our debt service and research and development and capital investment requirements, our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers, our access to production from third-party outsourcing partners, and any events that might affect their business or our relationship with them, our ability to secure adequate and timely supply of equipment and materials from suppliers, our ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly, our ability to form strategic partnerships and joint ventures and successfully cooperate with our alliance partners, our ability to win competitive bid selection processes to develop products for use in our customers' equipment and products, our ability to successfully establish a brand identity, our ability to successfully hire and retain key management and senior product architects; and, our ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and our business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our market segments and product areas will develop. We have based these assumptions on information currently available to us, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While we do not know what impact any such differences may have on our business, if there are such differences, our future results of operations and our financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, we do not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available from on our Investor Relations website, http://www.nxp.com/investor or from the SEC website, http://www.sec.gov.

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