SST and INSIDE Secure Enter Design Partnership

Agreement Provides Access to Third-Generation SuperFlash Embedded NVM Technology

SUNNYVALE, Calif. and AIX-EN-PROVENCE, France, June 23, 2011 – Silicon Storage Technology, Inc. (SST) and INSIDE Secure today announced the two companies have entered into a design partnership agreement to utilize third-generation SuperFlash® embedded flash memory technology (ESF3). Through this agreement, INSIDE Secure will work in partnership with SST to design and introduce numerous nonvolatile flash memory macrocells based on the proprietary SST split-gate flash memory cell as part of the technology migration for future INSIDE secure microcontrollers products.

“Our third-generation Superflash embedded flash technology offers a superior, affordable and off-the-shelf solution that is very attractive to companies like INSIDE Secure who are producing advanced microcontrollers,” said Chris Brown, manager of IP and technology licensing for SST Europe. “We have been very impressed by the knowledge and experience of the INSIDE Secure design team, and through this partnership I believe we will see the development of some exciting, breakthrough products.”

The ultra high endurance capability of the third-generation SST Superflash technology – across a wide temperature range – provides a compact but robust embedded flash memory solution for INSIDE’s secure microcontroller product family. Utilizing the proprietary wear-leveling IP, the SuperFlash technology designed into INSIDE’s secure microcontrollers will offer an industry leading endurance capability suitable for a broad range of secure applications.

“We are pleased to enter into this design partnership with SST, which not only provides us with access to their highly reliable and cost-effective SuperFlash technology, but also their extensive design expertise,” said Charles Walton, chief operating officer at INSIDE Secure. “As we develop our next generation of secure microcontroller products, SuperFlash technology will play an important role in ensuring their ability to deliver reliable, flexible solutions.”

SST Superflash memory technology is the most widely licensed flash NVM technology today, and is commonly used in microcontrollers and automotive and smartcard devices. In 2009 over four billion devices worldwide were manufactured using this technology.

As a global leader in secure microcontrollers, INSIDE Secure delivers a comprehensive portfolio of contact, contactless and dual-interface products designed to meet the most stringent security requirements – including Common Criteria EAL5+, EMVCo, FIPS 140-2 Level 3and Level 4, and ZKA – for developing a broad range of secure applications.

About SST - Microchip

Silicon Storage Technology, Inc, a wholly owned subsidiary of Microchip, provides optimized embedded NVM technology to the semiconductor industry. SST SuperFlash technology is the first choice for many fabless companies, design houses and IDMs seeking high-endurance, low-power embedded flash memory solutions. For more information about SST and the company’s comprehensive list of product offerings, please contact us via email at literature@sst.com or through the SST web site at www.sst.com.

About INSIDE Secure

INSIDE Secure is a leading designer, developer and supplier of semiconductors, embedded software and platforms for secure transactions and digital security. INSIDE mobile NFC, secure payment, and digital security products provide security for a wide range of information processing, storage and transmission applications. The company’s customers are found in a wide range of markets including mobile payment, identification documents, access control, transit, electronic device manufacturing, pay television and mobile service operators. As a fabless company, INSIDE shipped nearly 400 million semiconductors in 2010, ranking it among the leaders in most of its markets. For more information visit http://www.insidesecure.com