Nationz Technologies Licenses MIPS Technologies' Processor Cores for Mobile Payment Solutions
SUNNYVALE, Calif., June 14, 2012 (GLOBE NEWSWIRE) -- MIPS Technologies, Inc. (MIPS) (Nasdaq:MIPS), a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications, today announced that Nationz Technologies Inc., a leading provider of security processors and RF chips in China, licensed MIPS Technologies' MIPS32® M4K® processor cores for use in its award-winning 2.4G RFID-SIM/SD mobile payment products, widely used in mobile phones. Nationz's RFID-SIM/SD cards have been adopted by major telecom providers in China, with more than one million MIPS-Based" devices shipped to-date. Nationz is already designing its next MIPS-Based chip for mobile payment applications, including Range Controlled Communications (RCC). RCC is a multi-range controlled communication technology, which goes beyond near-field communications (NFC).
The 2.4G mobile payment solution standard, originally developed by Nationz, applies ultra-high frequency to near-field precision applications. Based on this standard, Nationz' mobile payment solutions consist of an RFID-SIM/SD card and a card reader that users insert into a phone to replace their existing SIM/SD card. Although it looks the same as a common SIM/SD card and has all traditional SIM/SD features, the RFID-SIM/SD card also contains a financial-grade security processor and a built-in RF channel. These features allow users to make payments, transfer money between accounts and shop.
"We are pleased to continue the use of the highly-regarded MIPS® architecture in our line of successful mobile payment solutions, which allow individuals to move towards a non-cash lifestyle," said Zhu Shan, Director of Mobile Payment and RCC Technology Products, Nationz. "By leveraging the cost advantages, high performance and low-power capabilities of the MIPS cores, we are excited to extend the rapid growth of our mobile payment solutions, which have been a great success in China, to the international market."
"We are delighted to work with Nationz, which holds a leadership position in the China market with its award-winning mobile payment technology," said Gideon Intrater, vice president of marketing, MIPS Technologies. "MIPS continues to gain traction in mobile-related solutions as companies increasingly recognize the performance efficiency benefits of the MIPS architecture. Through innovative licensees like Nationz, we look forward to increasing our global presence in the rapidly expanding mobile payment market."
The mobile payment marketwhich includes mobile shopping, money transfers and NFC transactionsis poised for massive growth and is expected to reach $670 billion in 2015, up from $240 billion in 2011, according to a report from Juniper Research. A separate World Payments Report 2011, released by The Royal Bank of Scotland and other partners, predicts mobile payments will overtake traditional plastic card transactions by 2021.
About Nationz Technologies Inc.
Founded in 2000 as a part of China's Project 909 (national efforts to establish domestic IC design and manufacturing capabilities) and listed on the Growth Enterprises Market (GEM) under the code 300077 in April 2010, Nationz Technologies is the leading provider of security processors and RF chips in China. Headquartered in Shenzhen, Nationz has branch companies in Beijing and Shanghai, and subsidiaries in Hong Kong and the U.S. For more information, contact +86-755-86309900 or visit www.nationz.com.cn .
About MIPS Technologies, Inc.
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for home entertainment, networking, mobile and embedded applications. The MIPS architecture powers some of the world's most popular products. Our technology is broadly used in products such as digital televisions, set-top boxes, Blu-ray players, broadband customer premises equipment (CPE), WiFi access points and routers, networking infrastructure and portable/mobile communications and entertainment products. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com .
MIPS, MIPS32, M4K and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners.
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CONTACT: Media Contacts: Jen Bernier-Santarini MIPS Technologies +1 408-530-5178 email@example.com Zora Zhu Nationz Technologies Inc. Tel: +86-755-86916612 Fax:+86-755-86169100 Mobile: +86-15989500433 Email: firstname.lastname@example.org Web: www.nationz.com.cn
Source: MIPS Technologies, Inc. 2012 GlobeNewswire, Inc.