January 6, 2010 (FinancialWire) — MIPS Technologies, Inc. (NASDAQ: MIPS), a provider of industry-standard processor architectures and cores, announced it is participating in the Open Screen Project, an industry-wide initiative led by Adobe to enable the delivery of rich Internet experiences across mobile phones, televisions, set-top boxes, and other consumer electronics and devices through the Adobe(R) Flash(R) Platform. MIPS Technologies and Adobe are collaborating as part of the Open Screen Project to optimize Adobe Flash Player 10.1 for the MIPS(R) architecture.

Existing Flash technology already runs on a number of SoC platforms based on the MIPS architecture, and was originally demonstrated at the International Consumer Electronics Show in January 2009. In October, MIPS Technologies announced the release of a MIPS-optimized version of the ActionScript virtual machine that is used in Adobe Flash Player. Now MIPS and Adobe are further demonstrating their commitment to providing Flash Player 10.1 support for the MIPS architecture.

“MIPS Technologies is committed to supporting key platforms that will enable the next-generation of connected multimedia devices, and Adobe Flash Player is an essential element of the rich web experience in these products,” said Art Swift, vice president of marketing, MIPS Technologies. “We are seeing growing demand among our customer base for Flash Platform support on MIPS, the leading processor architecture for digital home devices.”

The Adobe Flash Platform is the leading Web design and development platform for creating expressive applications, content, and video that run consistently across operating systems and devices and reach over 98 percent of Internet-enabled desktops. Flash Player 10 was installed on more than 93 percent of computers in just the first ten months since its release. According to comScore Media Metrix, approximately 75 percent of online videos viewed worldwide are delivered using Adobe Flash technology, making it the No. 1 format for video on the Web. Major broadcasters and media companies including Disney.com, MLB.com and DIRECTV rely on the Adobe Flash Platform for delivering video on the Web, and the platform powers social network sites such as YouTube and MySpace.

MIPS Technologies, Inc. (NASDAQ: MIPS) is a provider of industry-standard processor architectures and cores that power some of the world’s most popular products for the home entertainment, communications, networking and portable multimedia markets.

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