BEIJING, Sept. 10, 2014 /PRNewswire/ -- Vimicro
International Corporation (NASDAQ: VIMC) ("Vimicro" or the
"Company"), a leading video surveillance technology and solution
provider, today announced that it has reached a Letter of Intent to
form a strategic alliance with Inspur Group (Inspur) to cooperate
and coordinate efforts in China's
video surveillance market in the
areas of solution and application development, maintenance and
services, sales and marketing. The jointly developed total
solutions consist of Vimicro's
video surveillance technology and solutions and Inspur's servers
and storage and its expertise in cloud computing.
"We are pleased to have formed a
strategic alliance with Inspur, which will enable our video
surveillance total solutions to become domestic from both the hardware and software perspective and
further expand our footprint in China's video surveillance market. As
China's leading provider of
proprietary server and storage solutions, Inspur will bring to the
table its industry-renowned technology in data center and cloud
computing and its existing client base," commented Dr. John Deng, Vimicro's Chairman and CEO. "As the
only proven SVAC-compliant video surveillance technology and
solution provider, Vimicro will continue to capitalize on the
mega-trend of China's adoption of
domestic technology and standards
to establish itself as a leading player in China's robust video surveillance market."
About Inspur Group
Inspur Group (000977.SZ, 600756.SH, 0596.HK) is a leading cloud
computing overall solution supplier and cloud service provider in
China. Inspur's leading cloud
computing infrastructure platform is based on its proprietary
server, mass storage, cloud operating system and information
security technology. Inspur holds the largest market share in
China's server market, with
approximately 4,000 employees.
About Vimicro International Corporation
Vimicro International Corporation (NASDAQ: VIMC) is a leading
video surveillance technology and solution provider that designs,
develops and markets a full range of video surveillance products
and solutions to governments, private enterprises, and consumers in
China. Vimicro co-developed SVAC
(Surveillance Video and Audio Coding), the national video
surveillance technological standard, which demonstrates its unique
strengths in proprietary multimedia IC technology, making it a
leader in China's fast-growing
security and surveillance market. Vimicro is headquartered in
Beijing, China and has
subsidiaries and offices throughout China and in Silicon Valley. Vimicro's ADSs
each represent four ordinary shares and are traded on the NASDAQ
Global Market exchange under the ticker symbol "VIMC."
Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the quotations from management in this announcement,
as well as Vimicro's expectations and forecasts, contain
forward-looking statements. Vimicro may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 20-F and 6-K, etc., in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Vimicro's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the Company's ability to develop and sell
new mobile multimedia products; the expected growth of the mobile
multimedia market; the Company's ability to increase sales of
notebook camera multimedia processors; the Company's ability to
retain existing customers and acquire new customers and respond to
competitive market conditions; the Company's ability to respond in
a timely manner to the evolving multimedia market and changing
consumer preferences and industry standards and to stay abreast of
technological changes; the Company's ability to secure sufficient
foundry capacity in a timely manner; the company's ability to
effectively protect its intellectual property and the risk that it
may infringe on the intellectual property of others; and
cyclicality of the semiconductor industry. Further information
regarding these and other risks is included in Vimicro's annual
report on Form 20-F filed with the Securities and Exchange
Commission. Vimicro does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release is as of the date
hereof, and Vimicro undertakes no duty to update such information,
except as required under applicable law.
Contact:
Vimicro International Corporation
Ms. Daisy Wang, IR Manager
Phone: +8610-5884-8898 Ext: 3036
E-mail: ir@vimicro.com
SOURCE Vimicro International Corporation