$10 Million Contract for Myriad Group in Switzerland

Myriad Group AG, in mobile technology having shipped over 3.8 billion software applications on more than 2.2 billion phones, announces a $10M customer contract renewal with a leading Taiwanese semiconductor company, which extends the partnership through to 2013.

Since 2007, Myriad Group has worked with customers to offer game-changing technologies for the Blu-ray industry. Under the renewed contract, Myriad Group will integrate its Jbed Advanced CDC technology into Blu-ray chip technology to offer one solution. Myriad’s ongoing collaboration with companies in this sector will continue to enhance Blu-ray chip performance, while accelerating shipments to fuel further expansion into the APAC region.

Leveraging its expertise in embedded software technology, Myriad’s Jbed Advanced CDC solution, a compliant Java ME platform, enables Java programs and Java-based middleware to improve user experience through faster start-up and response times.

"All metrics continue to indicate APAC as one of the fastest growing regions for consumer electronics, including Blu-ray," said Simon Wilkinson, CEO of Myriad Group. "We are pleased to continue our long-standing relationships in the region, and we are eager to carry on playing an integral part in supplying the cutting-edge solutions needed to fuel growth in the APAC marketplace as well as further afield."

Myriad was created from the combination of industry companies Esmertec and Purple Labs. It operates with offices in Switzerland, France, UK, USA, Mexico, China, South Korea, Taiwan, Japan and Australia. Headquartered in Zürich, Switzerland, Myriad is listed on the SIX Swiss Exchange.