Seoul, Korea, May 11, 2009 – Infraware, Intel and SK Telecom today announced their intention to address the MID(Mobile Internet Device) market segment that includes the development of mobile open market place based on the next-generation MID platform and new mobile devices related market. Enabling this, Intel Capital, Intel’s global investment organization, has agreed to invest US$ 5M in Infraware. This investment will help build closer ties between Intel and Infraware for collaboration in MID deployment in the market.
The newly formed relationship encompasses the development of Moorestown, Intel’s next-generation MID platform based on the Atom processor, the development of Infraware’s Moblin OS platform, related middleware, UI and Total solutions, and SK Telecom’s Ecosystem to address the international MID application market.
“This strategic collaboration demonstrates our continuing efforts to deliver superior user experience on MIDs based on Intel Architecture” says HS Lee, Country Manager of Intel Korea. “Through Intel's Moorestown platform, together with Moblin compliant OS platform and software eco-system from Infraware and SK Telecom, we expect that users will have more advanced internet experiences on MID.”
“The collaboration is a testament to our achievements and ambitions in the mobile arena.” said Kwan Hee Kang, CEO of Infraware. "This represents the next phase of our growth and will take Infraware beyond our traditional boundaries and enable us to maintain our technological leadership. We believe Intel’s business cooperation and strategic investment will help elevate the appeal of our products and technologies.”
“Through this strategic alliance, we will provide MID market with differentiated next-generation web service as well as a global open market service,” said Sungchul Hong, NI Business Group Manager of SK Telecom.
The product will be showed at CES 2010; and the planned timeline for the commercialization is the first half of next year.
- MID(Mobile Internet Devices) - MID represent a new category of small, truly mobile devices that give you an amazing Internet.
- Moorestown – “Moorestown” is the codename for Intel’s second-generation MID platform, which consists of a System on Chip (codenamed “Lincroft”) that integrates a 45nm Intel® Atom™ processor core, graphics, video and memory controller. The platform also includes an input/output (I/O) hub, codenamed “Langwell,” that includes a range of I/O blocks and supports wireless solutions.
- Moblin-Moblin is an optimized Linux platform that provides a modern, engaging user experience for mobile devices, such as netbooks, MIDs, and IVI systems.
About Infraware
Infraware is a software developing company specialized in convergence applications designed for any kind of mobile or internet appliance. Headquartered in Seoul, South Korea, Infraware’s research and development activities focus on browser, messaging and other value adding technologies. Infraware is listed under 0414020 on the Korean Stock Exchange KOSDAQ since October 2005.
About Intel
Intel [NASDAQ: INTC], the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9 billion in over 1,000 companies in 46 countries. In that timeframe, 174 portfolio companies have gone public on various exchanges around the world and 231 were acquired or participated in a merger. In 2008, Intel Capital invested about US$1.59 billion in 169 investments with approximately 62 percent of funds (excluding Clearwire) invested outside North America. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com.
Intel and the Intel logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.
* Other names and brands may be claimed as the property of others.
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