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   Date: 6th Aug 2010

CSR acquires audio codec specialist APT

CSR has acquired UK based APT Licensing. CSR now have audio compression CODECs along with its semiconductor devices which handles audio streaming in mobile and wireless consumer applications. APT's audio compression solutions are optimized for instant real-time audio streaming but at high audio quality, making APT a good choice in high end audio. APT joins CSR with existing IP licensing agreements in place with Altec Lansing, Creative, Jaybird, and Sennheiser.

CSR's CEO Joep van Beurden commented, "In acquiring APT, CSR is buying one of the industry's strongest audio IP portfolios and a 20 year heritage in audio expertise. The closer integration of APT's IP with our own technologies will expand the market for its technology to more mainstream consumers and enable us to realise benefits that neither party could achieve independently. CSR is a leader in wireless audio, and the addition of APT will enable us to develop an exciting new generation of excellent quality, highly differentiated products that will further enhance the consumer experience. This will also serve to extend CSR's capability in wireless audio platforms and help us to broaden our offering into new audio markets and revenue streams."

"We're very proud of what APT has achieved over the last 20 years and are delighted to be joining CSR in what is a very positive step towards the increased proliferation of the high quality CODECS, into broader mobile and wireless consumer applications," said Noel McKenna, CEO of APT. "Both CSR and APT's engineering teams share the same passion for audio and have proven their ability to collaborate successfully over the last three years. Through even closer integration of our CODECs with CSR's wireless technology I see a very exciting future ahead."

CSR said it is retaining the apt-x product brand.


          
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