Aplus and Flextronics Semiconductor Sign Licensing Agreement for Embedded EEPROM

Flextronics Semiconductor to embed Aplus' EEPROM IP into its ASIC design


San Jose , CA, July 14, 2005 - Aplus Flash Technology, a leader in nonvolatile memory products and customized NVM IP, today announced the signing of an IP Design License Agreement with Flextronics Semiconductor, a business unit of Flextronics, the leading Electronic Manufacturing Services provider. The licensing agreement allows Flextronics and its customer to embed Aplus' high-quality, customized EEPROM IP into an ASIC for manufacture at Singapore foundry Chartered Semiconductor. The EEPROM IP provided by Aplus will enable Flextronics to incorporate data storage and security ID features into its ASIC design.

Peter Lee, Aplus' CEO & President, said, "We look forward to providing high-quality EEPROM IP for a leading company such as Flextronics. Aplus' core strength is our customized design capabilities and we are pleased to meet their specification requirements in a cost-effective and timely manner. We believe that Aplus' industry-leading EEPROM IP and design services are one of the most competitive IP solutions for companies requiring embedded NVM in their products."

Aran Idan, General Manager, Flextronics Semiconductor, stated, "Having Aplus' IP embedded into our ASIC device will enable Flextronics to more effectively address the requirements of our clients and the market. By teaming with Aplus, we are able to offer a more flexible and attractive product to our end customer."

About Aplus Flash Technology:
Aplus Flash Technology is a fabless IC company offering non-volatile memory IP and memory products. Its line of NVM IP includes ROM, OTP, NTP, EEPROM, FLASH+EEPROM and FLASH, and can be embedded into a variety of communications, computing and consumer applications. Aplus offers both standard IP blocks as well as customized ASIC designs. In addition to its IP Aplus also develops standard memory products. Its IP blocks can be found in applications from smart cards to talking toys to microcontrollers and other IC drivers. Aplus' embedded licensees including leading global semiconductor companies and its foundry connections span worldwide in countries including Taiwan, Korea and China. For more information, please visit: www.aplusflash.com.


About Flextronics Semiconductor:

Flextronics Semiconductor, a business unit of Flextronics, provides ASIC products and IC design services. ASIC products include full system-on-chip (SoC), standard cell and gate array ASIC (digital, analog, and mixed-signal); IC design services include FPGA (field programmable gate array) conversion, ASIC retargeting and backend IC design capabilities. Flextronics Semiconductor has design centers worldwide that work with customers to deliver system-level solutions in silicon, increasing functionality and reliability while reducing cost. For more information, please visit Flextronics Semiconductor at www.flextronicssemi.com.

Aplus makes no warranty, representation or guarantee, express or implied, regarding the suitability of its IP or products for any particular purpose, nor that the use of its products or IP will not infringe its intellectual property rights or the rights of third parties with respect to particular use or application and specifically disclaims any and all liability arising out of any such use or application, including but not limited to , consequential or incidental damages. Aplus' products and IP are not designed, intended or authorized for use as components in systems intended for surgical implant into the body, or other applications intended to support or sustain life, or for any other application and specifically disclaims any and all liability arising out of any such use or application, including but not limited to, consequential or incidental damages.

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For more information about Aplus and our product offerings, please contact:

Christine Lee
Aplus Flash Technology, Inc.
780 Montague Expressway, Suite 401
San Jose, CA 95131
USA
(408)382-1100 x209