Nextchip License CEVA Imaging and Vision Platform for ADAS Vision System

MOUNTAIN VIEW, Calif., Sept. 12, 2017 -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing IP for smarter, connected devices, today announced that Nextchip Co. Ltd., a fabless company specializing in embedded vision applications for ADAS systems, has licensed the CEVA-XM4 imaging and vision platform for its APACHE4 vision-based pre-processor targeted at real-time ADAS vision systems. Nextchip have incorporated CEVA's programmable vision platform into the APACHE4 alongside its differentiated image processing accelerators to enable advanced and affordable ADAS applications.

Kyoungsoo Kim, CEO of Nextchip commented: "We developed the APACHE4 to provide affordable and scalable ADAS systems for the mass market. CEVA's industry-leading vision platform adds a high degree of flexibility to our solution to enable differentiated, machine vision-related ADAS products. CEVA's long-standing experience and success in computer vision and artificial intelligence makes them the ideal partner for Nextchip to address new generations of ADAS systems."

APACHE4 is a vision-based pre-processor SoC targeting next-generation ADAS systems. With a dedicated sub-system of image processing accelerators and optimized software, APACHE4 dramatically reduces the main ECU's workloads by as much as 70% with improved performance, to allow all detection algorithms to operate simultaneously. The APACHE4 incorporates dedicated detection engines that include pedestrian detection, vehicle detection, lane detection and moving object detection. The embedded CEVA-XM4 imaging and vision platform enables customers to develop differentiated ADAS applications by means of high-level software programming.

Gideon Wertheizer, CEO of CEVA commented: "Nextchip's selection of the CEVA-XM4 is another endorsement of the unique capabilities of our vision IP and its value proposition for the ADAS market. The APACHE4 brings key ADAS features within reach of every car manufacturer and model, moving us closer to a world of enhanced driver safety and, ultimately, safer roads."

CEVA's latest generation imaging and vision DSP platforms address the extreme processing requirements and low power constraints of the most sophisticated machine learning and machine vision applications used in smartphones, surveillance, augmented reality, sense and avoid drones and self-driving cars. These DSP-based platforms include a hybrid architecture composed of scalar and vector DSP processors coupled with a comprehensive Application Development Kit (ADK) to streamline software deployment. The CEVA ADK includes: CEVA-Link for seamless software level integration with a host processor; a range of widely used and optimized software algorithms; the CEVA Deep Neural Network (CDNN2) real-time Neural Network software framework which streamlines machine learning deployment at a fraction of the power consumption of the leading GPU-based systems; and state-of-the-art development and debugging tools. For more information, visit http://www.ceva-dsp.com/app/imaging-computer-vision/.

CEVA and Nextchip will attend the AutoSens Conference, as part of AutoWorld, in Brussels, September 19-21, 2017. For more information or to schedule a meeting with CEVA experts, contact events@ceva-dsp.com or visit http://www.ceva-dsp.com/event/autosens-brussels-2017/. To schedule a meeting with Nextchip, contact sales@nextchip.com.

About Nextchip Co. Ltd.
Nextchip is a leading vision technology provider in semiconductor field, for embedded vision applications from video surveillance to automotive. Since 1997, Nextchip has created innovative image processing techniques and grown significant market share over two decades. With these highly mature vision technologies, Nextchip provides wide-ranging knowhow and experience including evaluation and assessment. As a vision expert, providing differentiated technical expertise and securing optimized IPs from our proprietary algorithms are the key competencies of Nextchip's approach towards ADAS market. For more information, visit http://www.nextchip.com/eng/.

About CEVA, Inc.
CEVA is the leading licensor of signal processing IP for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, computer vision and computational photography for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity, we offer the industry's most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi (802.11 a/b/g/n/ac up to 4x4) and serial storage (SATA and SAS). Visit us at www.ceva-dsp.com.

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