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Chipcon AS Surpasses 1 Million Shipments of ZigBee 802.15.4 Chips

In Addition to ZigBee Milestone, Chipcon Also Releases 2004 Annual Report Showing 67% Annual Compound Growth Over Last Four Years and Continued Profitability

Chipcon AS, the world's leading provider of low-cost, low-power RF chipsets, announced the shipment of over 1 million ZigBee-ready, IEEE 802.15.4 RF chips. The chips, part of Chipcon's ZigBee-compliant wireless device networking solution utilizing its sister company Figure 8 Wireless' Z-Stack, represent only the opening act of Chipcon's ZigBee solutions as it readies the single chip CC2430 for market. The passing of the 1 million chip mark cements Chipcon's position as the clear leader in shipping ZigBee chips. To date, over 1,000 companies have ordered CC2420 development or evaluation kits worldwide.

"The fact that we have already reached 1 million units is a significant milestone not only for Chipcon, but for the entire ZigBee 802.15.4 market," commented Geir Fore, President and CEO of Chipcon AS. Chipcon is currently working with leading OEMs in multiple application segments including building automation, automated meter reading, industrial monitoring and healthcare.

"Our success has been based on our ability to reach the market early with a working and compliant platform, and our ability to anticipate our end customers' systems needs. We expect even further market traction in the second half of 2005, and it is now evident that the ZigBee standard is the clear winner in the wireless controls market," added Mr. Fore.

In addition to Chipcon surpassing the 1 million 802.15.4 shipment mark, it also released its 2004 Annual Report documenting a 67% compound annual growth rate over the last four reporting periods and continued profitability.

About Chipcon AS

Chipcon, a member of the ZigBee Alliance, is a leading provider of proprietary and standards-based CMOS RF-ICs for wireless connectivity. Chipcon's RF-ICs provide low-cost, low-power and high-performance RF solutions for a large number of wireless applications. Chipcon's single-chip high-performance RF transceivers and transmitters target low-power wireless applications in the 300 to 1000 MHz and 2.4 GHz frequency bands and are distributed worldwide. For more information, visit Chipcon's Web site at www.chipcon.com, e-mail at pr@chipcon.com or call the company directly at +47 22 95 85 44.

Distributed by Market Wire