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Acquisition of DiBcom

02/11/2011 - Press

Paris, September 26, 2011 at 8:00 am CET - Parrot, a global leader in wireless devices for mobile phones, is announcing that it has acquired 100% of the capital of the French technology company DiBcom, specialized in digital television and radio in particular for the automotive industry.

This is particularly strategic for Parrot, which is going to be able to harness unique know-how in the multi-standard digital radio and television field, as well as a broader customer base in the automotive sector. At the same time, the development of a complete solution, incorporating all the technologies developed by both companies, represents a significant competitive advantage and adds further value, particularly on the growing market for infotainment and multimedia car radios.

DiBcom designs and markets high-performance integrated chipsets enabling low-power and high mobility digital television and radio reception, for all transmission standards (DVB-T, ISDB-T, ATSC, CMMB, etc.), thanks in particular to a programmable core for signal processing, developed by DiBcom. Founded in 2000, DiBcom has already sold more than 25 million integrated chipsets enabling digital radio television to be received whatever the transmission settings used, in Europe, Asia, Australia, South America and Japan. Its solutions are used for receiving radio and television in handheld multimedia products as well as vehicles, sold worldwide by manufacturers including Audi, BMW, Mercedes, Porsche, Volvo or Garmin.

Parrot and DiBcom have organizations and product portfolios that can join together effectively. The possible synergies, including the pooling of resources and convergence of product offerings, make it possible to foresee an improvement in DiBcom's profitability and an increase in value creation for the solutions developed by Parrot.

As Henri Seydoux, Parrot's founder, chairman and chief executive officer, concludes: "DiBcom today has an advanced technology that is particularly well suited to the automotive industry. This acquisition is in line with Parrot's strategy, aiming to have a suite of innovative infotainment and multimedia connectivity solutions covering the promising operational scenarios we have identified. It is intended to accelerate and supplement the R&D work carried out since 2010, create value for our OEM and retail clients, and further strengthen our presence in relation to auto manufacturers. With DiBcom, Parrot is able to harness a further competitive advantage in order to sustainably move forward with its growth strategy ".

ABOUT PARROT
Parrot, a global leader in wireless devices for mobile phones, stands on the cutting edge of innovation. The company was founded in 1994 by Henri Seydoux as part of his determination to drive the inevitable breakthrough of mobile phones into everyday life by creating high-quality, user-friendly wireless devices for easy living. Parrot has developed the most extensive range of hands-free systems on the market for cars, motorbikes and scooters, including wireless multimedia products geared towards audiovisual applications. In 2008, Parrot launched a new prestige line of high-end products bearing the hallmark of renowned artists and in 2010, the AR.Drone, the first quadricopter piloted via wi-fi and using augmented reality.
Parrot, headquartered in Paris, currently employs more than 550 people worldwide and generates 85% of its sales overseas. Parrot is listed on NYSE Euronext Paris since 2006. (FR0004038263 – PARRO)
More information: www.parrot.com /www.ardrone.com / www.parrotoem.com/

ABOUT DIBCOM
DiBcom is at the heart of digital TV. As a fabless semiconductor company that designs high-performance chipsets, DiBcom enables low-power mobile and stationary TV reception everywhere. The company’s solutions are used in automotive, PC/peripheral, Consumer Electronics, mobile phones and other handheld devices. DiBcom has extensive experience solving real-world digital terrestrial television (DTT) reception problems and has overcome the main technological barriers to high-quality service. The company has developed a number of patented algorithms and architectures for fast and accurate channel estimation and high Doppler compensation. Its chipsets are compliant with the current worldwide Digital Video Broadcast standards DVB-T, DVB-H, DVB-SH, T-DMB, ISDB-T and CMMB.
More information: www.dibcom.com

CONTACTS
Investor and analyst – Financial media
Marie Ein 
T. : +33(0) 1 53 65 68 68 - parrot@calyptus.net 
Corporate 
Vanessa Loury 
T. : +33 (0) 1 48 03 60 58 - vanessa.loury@parrot.com