IndigoVision and Sinostar announce new deal

May 12, 2004 - IndigoVision the Edinburgh, Scotland based designer of the market leading Mainstream MPEG-4 Video Codec and Sinostar Technologies Inc of Taipei, Taiwan, a leading distributor of Technology ASSPs, Silicon Intellectual Property, Development tools, Operating System and Application Software in Taiwan today announced the signing of a new Sales Distributor Agreement.
IndigoVision and Sinostar have just completed a very successful first year of partnership during which several major Taiwan based fabless semi-conductor companies have signed license deals for the IndigoVision Mainstream MPEG-4 IP and this new Agreement seals the partnership for a further 12 months.

Ted Chen, President of Sinostar said "We are proud of our success selling the IndigoVision Mainstream MPEG-4 IP in our first year and we are confident that our success will grow in 2003. The IndigoVision MPEG-4 IP is a silicon proven high performance IP core and in competitive trials has out performed the competition. The maturity and stability of the design allows our customers to go to silicon with high confidence of success".

Steve Wright, IndigoVision ASIC Manager commented "We are pleased to have Sinostar as our sales partners in Taiwan and together we have had a very successful first year selling our MPEG-4 Codec IP to ASIC and SOC customers in Taiwan. Sinostar have the contacts and the expertise to help our customers in their search for reliable and high-quality MPEG-4 IP and I am confident that we will achieve further success with Sinostar's dedicated and professional service".