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| REDMOND,
Wash., July 20 /PRNewswire/ -- Applied Microsystems Corporation (Nasdaq: APMC - news) has
signed a letter of intent with Microsoft Corporation (Nasdaq: MSFT - news) to develop and
manufacture DVD-emulation technology for inclusion in Microsoft's XDK (Xbox Development
Kit), the development platform that allows game designers to optimize games for Xbox,
Microsoft's future-generation video game machine. ``Working with Applied is a key part of our strategy to give developers the best and easiest development platform of any next-generation console,'' said J Allard, Microsoft's general manager of Xbox. ``We are investing a great deal in our development program to allow them to exploit the technological horsepower of Xbox and create jaw-dropping games.'' ``We are delighted to be working with Microsoft for this development project,'' said Steve Verleye, president and CEO of Applied Microsystems. ``We think that the market for Xbox is going to be huge and our participation clearly establishes our position in the games market as a developer solutions provider for leading video game companies.'' According to Verleye, the letter of intent specifies that Applied provide both emulation hardware and software applications. Complete terms and conditions of a final agreement are being negotiated. About Microsoft Founded in 1975, Microsoft is the worldwide leader in software, services and Internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower people through great software -- any time, any place and on any device. About Applied Microsystems Applied provides high-level software development tools and development solutions that expedite complex software projects. Applied's products help OEM customers bring products to market faster by providing innovative tools to develop, debug and test products faster, more reliably and at a lower cost. Applied's products and services are used by OEM customers in a number of market segments with a high concentration in the High Speed Networking and Games markets. NOTE: All trademarks and copyrights are property of their respective owners and are protected therein. Forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. These factors include, without limitation, timely finalization of contractual agreements, market acceptance for planned products and services, relationships with third parties, sufficient availability and retention of qualified personnel, and other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. CONTACT: Mike Dunkle, Director -- Sales & Marketing -- Games Unit of Applied Microsystems Corporation, 425-882-5314, or mike.dunkle@amc.com; or Geoff Kann of McClenahan Bruer Communications, 503-643-9035, or geoff@mcbru.com, for Applied Microsystems Corporation; or Kerstine Johnson of Edelman Public Relations, 323-857-9100, or kerstine.johnson@edelman.com, for Microsoft Corporation. SOURCE: Applied Microsystems Corporation |
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