Waves Partners with CEVA to Offer the latest Sonic Enhancement Technologies for the Mobile Market

Companies to demonstrate Waves' MaxxAudio Mobile Solution running on CEVA-TeakLite-4 audio/voice DSP at Mobile World Congress 2015.

MOUNTAIN VIEW, Calif. -- March 2, 2015 -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of DSP and IP platforms for cellular, multimedia and connectivity, and Waves, a leading provider of audio, voice and speech technologies for the professional and consumer markets, announced today that the companies have partnered to offer Waves' suite of audio, voice and speech enhancement algorithms for the CEVA-TeakLite-4 audio/voice family of DSPs.

Waves will present and demonstrate MaxxAudio running on the CEVA-TeakLite-4 DSP in CEVA's booth at the Mobile World Congress, March 2-5, 2015, Barcelona, Spain. CEVA is located in Hall 6, Stand A50. For more information, visit http://events.ceva-dsp.com/mwc15.

Waves' second-generation MaxxAudio Mobile solution delivers best-in-class performance and an immersive premium audio experience thanks to tailored solutions derived from Waves' extensive and highly-acclaimed professional audio technologies portfolio, addressing the latest audio trends and user behaviors in mobile. The CEVA-TeakLite-4 DSP provides ample processing power to handle the Maxx Technologies suite of innovative audio/voice algorithms in a truly energy-efficient manner, making it an ideal solution for mobile.

"Given the increased consumption of multimedia content on smartphones and tablets, as well as the proliferation of wireless speakers, an enhanced audio experience that can be delivered in a low-power manner is crucial," says Natalie Gutwetter, Marketing Director at Waves. "The CEVA-TeakLite-4 DSP excels in low-power operation for a prolonged mobile audio experience and is a perfect match for our world-leading MaxxAudio suite."

"As our CEVA-TeakLite-4 family of DSPs power a growing number of audio ICs, we welcome Waves and its Maxx suites of innovative acoustic solutions into our ecosystem," says Moshe Sheier, Director of Product Marketing, Audio and Voice at CEVA. "Waves' studio-quality solutions for enhancing audio and voice across mobile, wireless audio and connected home products are a compelling offering for customers using our DSPs."

About Waves, Ltd.
Waves is the world-leading developer of audio DSP technologies and the driving power behind hit records, major motion pictures and popular video games the world over. A recipient of a Technical GRAMMY^® Award, Waves is acclaimed by top professional and prosumer users worldwide. More than 250,000 recording studios and mixing and mastering facilities use Waves' portfolio of cutting edge technologies on a daily basis to create top-selling music, movies and games. Waves' professional technologies, 20+ years of expertise, and passion for sound are now utilized to meet mobile audio challenges and deliver premium audio experiences on mobile devices. For more information visit www.waves.com, www.maxx.com.

About CEVA, Inc.
CEVA is the leading licensor of cellular, multimedia and connectivity technologies to semiconductor companies and OEMs serving the mobile, consumer, automotive and IoT markets. Our DSP IP portfolio includes comprehensive platforms for multimode 2G/3G/LTE/LTE-A baseband processing in terminals and infrastructure, 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 (Smart and Smart Ready), Wi-Fi (802.11 b/g/n/ac up to 4x4) and serial storage (SATA and SAS). One in every three phones sold worldwide is powered by CEVA, from many of the world's leading OEMs including Samsung, Huawei, Xiaomi, Lenovo, HTC, LG, Coolpad, ZTE, Micromax and Meizu. Visit us at www.ceva-dsp.com