ICube Technology Unveils Its Groundbreaking Harmony Unified Processor Technology

High Performance, Cost-Effective and Power-Efficient Processor, Featuring a Unified CPU and GPU in One Parallel Computing Multi-Processing Core Architecture, Tapping Flourishing Tablet Computer Market

Hong Kong, June 9, 2011 -- ICube Technology Holdings Limited ("ICube", SEHK: 139), a China-based design company with focus on self-developed semiconductor processing chips and core architecture for China's mobile device market, is pleased to announce its revolutionary breakthrough in mobile computing by unveiling its groundbreaking Harmony Unified Processor Technology.

The Harmony Unified Processor Technology marks a milestone in the semiconductor industry by genuinely integrating two different processor types: a central processing unit (CPU) and a graphics processing unit (GPU), into one unified core. This technology consists of the Multi-Thread Virtual Pipeline parallel computing core, an independent instruction set architecture (ISA), an optimizing compiler and the Agile Switch dynamic load balancer. It brings the most cost efficient and power efficient performance to the mobile computing and mobile communication markets.

To date, the finished silicon for the Harmony Unified Processor Technology has been produced and is ready for packaging. The resulting chip product is targeted to tap into the booming Android-based tablet computer market. Volume shipping is expected by the end of this year.

Existing processors in the market today are all based on decades-old designs, which limit their readiness to take advantage of the latest advancements in semiconductor technology. The Harmony Unified Processor Technology sets a new industry standard of performance by processing up to four threads (tasks) in each core. This contrasts with existing cores in the market that are limited to a single thread per core. This additional parallelism will bring significant performance benefits to mobile computing, thereby providing a desirable solution to Android-based tablet computer manufacturers.

Mr. Simon Moy, Chief Technical Officer of ICube, concluded, "Developing our own Intellectual Property (IP) from the ground up has been a key differentiation of ICube from other technology companies in China. This provides us with much greater areas for innovation, enables us to leverage the latest semiconductor trends and lowers the cost of our system-on-a-chip (SOC) products relative to other chipmakers. We are also proud to have attracted and built a world-class development team composed of by Silicon Valley veterans and top engineering talents in China. We are confident that our revolutionary high technology product will be well received by the market and create value to our shareholders."

About ICube Technology

ICube Technology Holdings Limited is an investment holding company. The principal activities of the subsidiaries of the Company comprise of the marketing and sales of self-developed processor semiconductors and core architecture, the trading and distribution of electronic products and other merchandise and securities investment and trading. For more details, please visit: www.icubetech.com.hk.