Orlando, Fla. - February 10, 2009 - Intellon Corporation
), a leading provider of HomePlug®
-compatible integrated circuits (ICs) for home networking, networked entertainment, Ethernet-over-Coax (EoC) and smart grid applications, today announced a Technology Licensing Agreement (the "Agreement") with devolo AG
of Aachen, Germany. Under the terms of the Agreement, Intellon will license devolo's patented low-current technology, which reduces power consumption in wireline networking devices.
The Agreement grants Intellon the right to use devolo's power saving technology in its ICs for powerline and other wired communications. As a result, Intellon customers will have the opportunity to use this important technology in products based on Intellon's ICs. Initially, Intellon will make the licensed technology available for its INT6300
and INT6400 HomePlug AV
-based chipsets and reference designs.
"Our customers are increasingly requesting lower operating power wired networking solutions." said Rick Furtney President & COO of Intellon. "Our recently introduced HomePlug AV-based INT6400 IC provides industry-leading green performance. This Agreement enables us to further our efforts and continue to lead the industry in the development of low power solutions in the market."
"devolo is the world leader in HomePlug-based powerline networking equipment and Intellon is the HomePlug IC market leader and both companies are committed to developing the best performing, lowest power solutions for a growing market," said Heiko Harbers, CEO of devolo AG. "This licensing agreement will make Intellon-based HomePlug technology even more attractive throughout the world." About devolo AG
Network technology for home and professional use is booming. One of the driving factors behind this growing market segment is Aachen-based devolo AG. Since it was founded in 2002, devolo has established itself as the world-wide market leader in the segment of network solutions based on HomePlug. The HomePlug technology facilitates data transfer via the two-wire lines already in the building-such as the electrical wiring, telephone or coaxial TV lines-with the highest possible security and requiring little technical work. When it comes to product development, quality, product benefits and ease of use have top priority for the Aachen-based company. Their product portfolio comprises solutions for private consumers and industrial applications. In addition to its headquarters in Aachen, devolo AG has sales offices in many Western European countries.About Intellon CorporationIntellon
(Nasdaq: ITLN) is a market leader in powerline
communications, providing HomePlug® compliant and other powerline integrated circuits for home networking, networked entertainment
access, Ethernet-over-Coax (EoC), smart grid management and other commercial applications. Intellon created and patented the baseline technology for HomePlug 1.0, and is a major contributor to the baseline technology for the 200-Mbps PHY-rate HomePlug AV powerline standard
. With more than 26 million HomePlug-based ICs sold, Intellon is the market share leader in the HomePlug IC market. The Company was founded in 1989 and is headquartered in Orlando, Florida, with offices in Ocala, Florida, San Jose, California and Toronto, Canada. For additional information, visit www.intellon.com
. Cautionary Note Regarding Forward-Looking Statements:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements include, but are not limited to, assertions regarding Intellon's intellectual property licensing arrangements, and the use and power consumption of Intellon's INT6400 or INT6300 HomePlug-based ICs either on a stand-alone basis or in any customer products or services or in any of the other applications or markets mentioned herein. Actual future results could differ materially from those anticipated as a result of certain risks and uncertainties. These factors include, but are not limited to, the risk that the market for powerline communications products, including Intellon ICs, may not develop as expected; the risk that Intellon may be unable to manage its growth effectively; uncertainties associated with competitive pressures, technical challenges and changes in industry standards; customer concentration and changes in customer demand and product mix; fluctuations in the availability and pricing of third party products and services used to manufacture, assemble and test Intellon's products; problems or delays in the fabrication, assembly, testing or delivery of Intellon's products; and economic and political uncertainties in Intellon's markets, including the risk of continued volatility and uncertainty in global financial and commercial markets. These and other risk factors are described in detail in the Risk Factors section of Intellon's Form 10-Q
dated November 13, 2008, as filed with the Securities and Exchange Commission. Intellon assumes no obligation to update the forward-looking information contained in this release.
Intellon and No New Wires are registered trademarks of Intellon Corporation. HomePlug is a registered trademark of the HomePlug Powerline Alliance, Inc. All other trademarks mentioned are the property of their respective owners.
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