updated 5/9/2011 9:46:40 AM ET 2011-05-09T13:46:40

SUNNYVALE, Calif., May 9, 2011 (GLOBE NEWSWIRE) -- MIPS Technologies, Inc. (Nasdaq:MIPS), a leading provider of industry-standard processor architectures and cores for digital home, networking and mobile applications, announced that it has entered into a license agreement with Myriad Group AG (SIX:MYRN), through which MIPS will make Myriad's Dalvik Turbo Virtual Machine (VM) available to its licensees as part of its standard distribution of Android™ for the MIPS® architecture.

Myriad's Dalvik Turbo is a high-performance full method-based VM that replaces the standard Android Dalvik engine, accelerating performance up to 5x on real-world Android applications. MIPS Technologies and Myriad announced last year that Dalvik Turbo had been optimized for the MIPS architecture.

Through this strategic agreement, MIPS Technologies and Myriad Group plan to work together to support the Dalvik Turbo VM on current and future versions of the Android platform. The agreement also includes continued support for MIPS architectural features such as multi-threading and multiprocessing. Myriad will provide optimized support for the MIPS architecture on its other products for Java and Android in the future.

"This license agreement is the latest milestone in our long-term, successful relationship with Myriad. Many of our customers who are designing digital home and mobile products with Android on the MIPS architecture have evaluated Myriad's Dalvik Turbo VM, and are seeing performance increases up to 5x. By making the fully supported, commercial-grade VM available to our licensees as part of our standard Android on MIPS distribution, we are speeding up not only Android application performance, but also our customers' time to market," said Art Swift, vice president of marketing and business development, MIPS Technologies.

According to Ed Zylka, vice president and general manager, North America, Myriad Group, "With Dalvik Turbo VM, MIPS licensees can develop MIPS-Based Android devices that support highly-complex Java applications while keeping power consumption to a minimum. We look forward to continuing to work closely together with MIPS to provide its licensees with access to our market-proven technologies."

With Myriad's Dalvik Turbo VM, MIPS licensees can create SoCs with faster, more complex applications and richer game graphics optimized for Android smartphones and other high-performance consumer devices without requiring significant increases in device memory. The VM also provides substantial battery life improvements when running resource intensive tasks, all while retaining full compatibility with existing software.

Availability

Information regarding the optimized Myriad Dalvik Turbo VM is available now at developer.mips.com. The product is available to MIPS licensees via a click-through agreement.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (Nasdaq:MIPS) is a leading provider of industry-standard processor architectures and cores for digital home, networking and mobile applications. The MIPS architecture powers some of the world's most popular electronic products, including broadband devices from Linksys, DTVs and digital consumer devices from Sony, DVD recordable devices from Pioneer, digital set-top boxes from Motorola, network routers from Cisco, 32-bit microcontrollers from Microchip Technology and laser printers from Hewlett-Packard. Founded in 1998, MIPS Technologies is headquartered in Sunnyvale, California, with offices worldwide. For more information, contact (408) 530-5000 or visit www.mips.com .

Follow MIPS on Facebook, LinkedIn, YouTube, RSS and Twitter.

About Myriad Group:

Myriad Group AG is a global leader in mobile technology and has shipped over 3.8 billion software applications in more than 2.2 billion mobile phones. Its comprehensive portfolio includes browsers, messaging, Java, social networking, user interfaces and middleware for all types of mobile phones, from ultra‐low cost handsets to advanced smartphones.

The company provides both individual components and complete solutions, which enable handset manufacturers and operators to deliver amazing experiences on mobile phones. Myriad also develops USSD-based customer self-care platforms that deliver over 10 billion messages a year to 220 million mobile users across more than 35 mobile operators worldwide.

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

MIPS and MIPS-Based are trademarks or registered trademarks in the United States and other countries of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners. Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.

CONTACT: Media Contacts:
         Jen Bernier-Santarini
         MIPS Technologies, Inc.
         +1 408-530-5178
         jenb@mips.com
         
         Kate Hamilton/Jaime Tero
         Myriad Group
         Tel: +1 415 989 9803
         Tel: +44 208 322 1922
         myriad@onechocolatecomms.com

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