1 Feb 2012

Kilopass Announces Record Revenue For the Third Straight Year

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Santa Clara, Calif., February 1, 2012 – Kilopass Technology Inc., a leading provider of semiconductor logic non-volatile memory (NVM) intellectual property (IP), today announced record revenue for the third straight year in 2011, posting the highest revenue in 2011 to date for the company.  Driving this growth was increasing demand from multimedia SoC developers in Japan, China, and Europe for Kilopass’ NVM IP to provide tamper-resistant storage of digital rights management security keys and increasing adoption of Kilopass Gusto for embedded code storage for small form factor consumer products.

“Kilopass concluded another record year,” says Charlie Cheng, chief executive officer of Kilopass.  “We saw significant revenue growth in 2011 from continuing adoption of Kilopass anti-fuse technology through licensing of our patents by integrated device manufacturers as well as an increase in new fabless licensees.  These wins were for configuration storage in graphics processors and microcontrollers, wireless home baseband, image sensors, and 10Gb Ethernet devices; code storage for wireless connectivity, image sensors, and industrial lighting control SoCs; and analog trim for display drivers. We remain dominant in security key storage with new design wins in the set top box markets targeting emerging opportunities in China.”

2011 Milestones
One significant milestone occurring in 2011 was the signing of a major customer at the 28nm node that is developing an SoC for next generation high-volume gaming application. Other major achievements in 2011 included enablement of Kilopass NVM IP offerings on the TSMC 28HP High-K Metal Gate process; on the UMC 55nm to 130nm nodes with 28nm to follow; on the SMIC 55nm process; and on the 40nm node at GLOBALFOUNDRIES.  Kilopass successfully introduced Itera, the first many-time-programmable NVM IP with up to a megabit of capacity.   The company also made headway in its legal proceedings against Sidense Corp. In February last year, the U.S. District Court for the Northern District of California denied a motion for delay in the jury trial, which is set for September 30th this year.  In August last year, Kilopass received a favorable Markman Order in this U.S. District Court.

Outlook for 2012
In 2012, Kilopass will benefit from emerging demand being created by the new applications cited above.  The company is in a unique position to take advantage of these opportunities by offering all of NVM IP to SoC designers at every major foundry in the world and on most of the process nodes for these foundries. Kilopass will also benefit from a strong financial position, which is sufficient to fund this growth and is managed by new CFO James Lindstrom, a seasoned Silicon Valley finance veteran.