SAN FRANCISCO, CA — (Marketwire — 02/29/12 — NXP Semiconductors N.V. (NASDAQ: NXPI, and SC Electric Company, a global smart grid leader, today announce a program to develop and incorporate advanced integrated circuits that will provide enhanced security for products used in smart grid applications. The circuit designs will advance cyber security measures by incorporating secure authentication, reducing the risk of unauthorized access to smart grid equipment.
NXP Semiconductors is a leader in security integrated circuit solutions. NXP’s A-series security IC assures component authentication and encrypted communication between intelligent distribution grid devices, permitting the grid to be managed at enhanced levels of security and reliability. The A-series is built on NXP’s proven tamper-resistant SmartMX technology to protect the secret key from physical and logical attacks. This technology, which is widely used in identification cards, passports, banking smart cards, and other high-security applications, uses state-of-the-art Public Key Infrastructure (PKI algorithms for safer key management. As a primary feature, the secret key never leaves the A-series security IC and is not part of the host software.
«As a pioneer in electric distribution automation, by working with NXP, SC is taking an important step to advance the industry’s communications and control systems to protect against possible tampering and provide enhanced assurance for the protection of authentication tokens in field equipment,» says Rohit Khera, cyber security architect, SC Electric Company. «The NXP A-series based Device ID platform is a proven technology that offers significant advantages to ensure smart grid solutions are secure. »
NXP’s secure authentication for the smart grid will be showcased in NXP’s booth (#241 at the RSA Security Conference 2012 in San Francisco, February 27 to March 2, demonstrating how it will be used to tamper-proof and secure confidential communication between critical smart grid components.
About SC Electric Company
SC, with global headquarters in Chicago, USA, is applying its heritage of innovation to address challenges facing the world’s power grids and is thus shaping the future of reliable electricity delivery. The mission of employee-owned SC is to continually develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid. Additional information about SC is available at www.sandc.com.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. A global semiconductor company with operations in more than 25 countries, NXP posted revenue of $4.4 billion in 2010. For more information, visit www.nxp.com.
Forward-looking Statements
This document includes forward-looking statements which include statements regarding our business strategy, financial condition, results of operations, and market data, as well as any other statements which are not historical facts. By their nature, forward- looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. These factors, risks and uncertainties include the following: market demand and semiconductor industry conditions, our ability to successfully introduce new technologies and products, the demand for the goods into which our products are incorporated, our ability to generate sufficient cash, raise sufficient capital or refinance our debt at or before maturity to meet both our debt service and research and development and capital investment requirements, our ability to accurately estimate demand and match our production capacity accordingly or obtain supplies from third-party producers, our access to production from third-party outsourcing partners, and any events that might affect their business or our relationship with them, our ability to secure adequate and timely supply of equipment and materials from suppliers, our ability to avoid operational problems and product defects and, if such issues were to arise, to correct them quickly, our ability to form strategic partnerships and joint ventures and successfully cooperate with our alliance partners, our ability to win competitive bid selection processes to develop products for use in our customers’ equipment and products, our ability to successfully establish a brand identity, our ability to successfully hire and retain key management and senior product architects; and, our ability to maintain good relationships with our suppliers. In addition, this document contains information concerning the semiconductor industry and our business segments generally, which is forward-looking in nature and is based on a variety of assumptions regarding the ways in which the semiconductor industry, our market segments and product areas will develop. We have based these assumptions on information currently available to us, if any one or more of these assumptions turn out to be incorrect, actual market results may differ from those predicted. While we do not know what impact any such differences may have on our business, if there are such differences, our future results of operations and our financial condition could be materially adversely affected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak to results only as of the date the statements were made. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, we do not have any intention or obligation to publicly update or revise any forward-looking statements after we distribute this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in our SEC filings. Copies of our SEC filings are available from on our Investor Relations website, www.nxp.com/investor or from the SEC website, www.sec.gov.
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