Ainol Electronic Launches New Tablet Product Featuring Actions Semiconductor's Owl Series ATM7029 Chipset

Thu Dec 27, 2012 4:15pm EST

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ZHUHAI,  China,  Dec. 27, 2012  /PRNewswire/ -- Actions Semiconductor Co., Ltd.
(Nasdaq: ACTS), one of  China's leading fabless semiconductor companies that
provides comprehensive portable multimedia and mobile internet system-on-a-chip
(SoC) solutions for portable consumer electronics, and Ainol Electronic Co.,
Ltd., a leading brand Consumer Electronics (CE) company based in  Shenzhen,
China, today announced the introduction of the Ainol Novo 10 Hero, a 10.1"
Tablet product featuring the Owl Series ATM7029 chipset from Actions

Actions' ATM7029 chipset supports AndroidTM  4.1(Jelly Bean) operating system
and will also support the upgrade to AndroidTM  4.2. With the ARM CortexTM 
multi-core CPU, multi-core 3D GPU, full spec 1080p video encode/decode engine
and USB2.0/3.0 PHY integration, the ATM7029 provides unprecedented levels of
performance and power efficiency.

"As a leading Consumer Electronic brand in  China, we are proud of the
partnership with Actions Semiconductor. It's really exciting to be the first one
who delivers products integrating Actions' ATM7029 chipset," stated Mr.  Zaimin
Wang, General Manager of Ainol. "In the fast-paced consumer electronics
business, time-to-market and innovation is critical for solution providers, and
more important, to our end-user customers. Through the high performance of the
ATM7029 chipset, we believe our customers will enjoy the complete user
experience of our product," concluded Mr. Wang.

"In our view, the partnership with the leading brand, Ainol, is a major
milestone for Actions Semiconductor as we are one of the first companies in 
China  to provide the multi-core CPU SoC beyond dual CPU solution to the Tablet
market," commented Dr.  Zhenyu Zhou, CEO of Actions Semiconductor. "ATM7029 is
the first chipset of Actions' Owl Series. Ainol's decision to utilize our
ATM7029 chipset for its Novo 10 Hero Tablet affirms their confidence in the
integrity and performance of our products. Together, Actions and Ainol will
satisfy the needs of our customers by delivering tablet products with the best
price-to-performance ratio. We are excited about this product introduction and
our continued work with numerous OEM and design house partners to develop new
solutions utilizing our ATM7029 technology," concluded Dr. Zhou.  

About Ainol  Electronic

Ainol Electronic is a leading brand Consumer Electronics (CE) company in 
Shenzhen, China. Since its inception in 2004, Ainol has risen through the ranks
of the consumer electronics industry. Ainol is focused on offering innovative,
feature-rich products and solutions that are consistent market share leaders.
Ainol is a leader in supplying turnkey solutions and major components for the
Digital Video and Audio consumer electronics markets. Additional information can
be found at

About Actions Semiconductor                                                     

Actions Semiconductor is one of  China's leading fabless semiconductor companies
that provides comprehensive portable multimedia and mobile internet
system-on-a-chip (SoC) solutions for portable consumer electronics. Actions
Semiconductor products include SoCs, firmware, software, solution development
kits, as well as detailed specifications of other required components. Actions
Semiconductor also provides total product and technology solutions that allow
customers to quickly introduce new portable consumer electronics to the mass
market in a cost effective way. The company is headquartered in Zhuhai,  China,
with offices in  Shanghai  and  Shenzhen. For more information, please visit the
Actions Semiconductor website at

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of

Statements contained in this release that are not historical facts are
forward-looking statements, as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include
statements concerning signs of positive indicators in the industry for next
year, growth in the market driven by continued proliferation of applications
within the PMP market and incremental rebound of overall demand for these
products, Actions Semiconductor's belief that it is positioned to capture some
upside from these trends, and Actions Semiconductor's future expectations with
respect to revenue, gross margin, operating expenses and share-based
compensation expense.  Actions Semiconductor uses words like "believe,"
"anticipate," "intend," "estimate," "expect," "project" and similar expressions
to identify forward-looking statements, although not all forward-looking
statements contain these words. These forward-looking statements are estimates
reflecting current assumptions, expectations and projections about future events
and involve significant risks, both known and unknown, uncertainties and other
factors that may cause Actions Semiconductor's actual performance, financial
condition or results of operations to be materially different from those
suggested by the forward-looking statements including, among others, customers'
cancellation or modification of their orders; our failure to accurately forecast
demand for our products; the loss of, or a significant reduction in orders from,
any of our significant customers; fluctuations in our operating results; our
inability to develop and sell new products; defects in or failures of our
products; the expense and uncertainty involved in our customer design-win
efforts; the financial viability of the distributors of our products; consumer
demand; worldwide economic and political conditions; fluctuations in our costs
to manufacture our products; our reliance on third parties to manufacture, test,
assemble and ship our products; our ability to retain and attract key personnel;
our ability to compete with our competitors; and our ability to protect our
intellectual property rights and not infringe the intellectual property rights
of others. Other factors that may cause our actual results to differ from those
set forth in the forward-looking statements contained in this press release and
that may affect our prospects in general are described in our filings with the
Securities and Exchange Commission, including our most recently filed Forms F-1,
20-F and 6-Ks. Other unknown or unpredictable factors also could have material
adverse effects on Actions Semiconductor's future results, performance or
achievements. In light of these risks, uncertainties, assumptions and factors,
the forward-looking events discussed in this press release may not occur. You
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date stated, or if no date is stated, as of the date
of this press release. Except as required by law, Actions Semiconductor
undertakes no obligation and does not intend to update or revise any
forward-looking statement to reflect subsequent events or changed assumptions or

 Investor Contacts:                                                    
 Lisa Laukkanen           Edward Chen                                  
 The Blueshirt Group      Investor Relations at Actions Semiconductor                      
 415-217-4967             +86-756-3392353*1110                         

SOURCE  Actions Semiconductor Co., Ltd.
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