SRT Group License CEVA Signal Processing IP

MOUNTAIN VIEW, Calif., Dec. 13, 2016 -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing IP for smarter, connected devices, today announced that SRT Group, which develops mission-critical technologies and services has licensed CEVA wireless signal processing IP for development of its future devices.

"SRT Group has a long and successful track record in delivering outstanding products for a diverse range of end markets," said Erez Bar-Niv, Chief Technology Officer at CEVA. "We are pleased to announce them as a customer as they adopt our technology to further advance their roadmap."

"Robust and dependable signal processing IP blocks are a critical component of our next-generation products," said Conrad Smith, Chief Technology Officer, SRT Group. "CEVA's product offerings meet the most stringent performance and reliability metrics we require, in addition to providing outstanding technical support for their IP."

More information about the technology licensed and end application will be available at a later date.

About SRT Group, Inc.
Founded in 1999, SRT Group, Inc. delivers mission-critical technologies and services to commercial, government, and nongovernmental customers. SRT's subsidiaries include SRT Wireless, SR Technologies and SRT Aviation. SRT Group is headquartered in Fort Lauderdale, Florida. Learn more at www.srtgrp.com.

About CEVA, Inc.
CEVA is the leading licensor of signal processing IP for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, computer vision and computational photography for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity, we offer the industry's most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi (802.11 a/b/g/n/ac up to 4x4) and serial storage (SATA and SAS). Visit us at www.ceva-dsp.com