CEVA processor integrated into Silver Spring's Gen5 Critical Infrastructure Networking Platform

MOUNTAIN VIEW, Calif., July 20, 2015 -- CEVA, Inc. (NASDAQ:  CEVA), the leading licensor of DSP and IP platforms for cellular, multimedia and connectivity, today announced that Silver Spring Networks, a leading networking platform and solutions provider for smart energy and smart city networks, has integrated CEVA processor technology into its fifth generation critical infrastructure networking platform - Gen5.

The Silver Spring Gen5 critical infrastructure networking platform was designed to improve the capabilities of smart network communications and help enable an emerging set of smart grid, smart city and Internet-of-Things applications for real-time operations data and other dynamic applications at the edge of the network. CEVA's processor enables Gen5 to support both proprietary and open standards required for smart energy, smart home, and other IoT applications.  For more information on Silver Spring's Gen5 networking platform visit  www.silverspringnet.com/gen5.

"As billions of devices are added to the Internet-of-Things, real-time processing and greater functionality are needed for large-scale smart grid and smart city network roll outs – all at a lower cost of deployment," saidDon Reeves, of Silver Spring Networks. "CEVA delivers high-performance communications processing, enabling us to address a broad range of global markets and customers with our smart grid and smart city platforms."

"Silver Spring Networks is a renowned pioneer in the advancement of smart grid and smart city platforms, constantly looking at ways to enhance and improve the Internet-of-Things," said Eran Briman, vice president of marketing at CEVA. "CEVA helps Silver Spring Networks to integrate multiple communication standards on a single platform, with the ability to upgrade in the field. This agreement is a prime example of a new and incremental, high volume market that requires our best-of-breed technology."

About CEVA, Inc.

CEVA is the leading licensor of cellular, multimedia and connectivity technologies to semiconductor companies and OEMs serving the mobile, consumer, automotive and IoT markets. Our DSP IP portfolio includes comprehensive platforms for multimode 2G/3G/LTE/LTE-A baseband processing in terminals and infrastructure, computer vision and computational photography for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity, we offer the industry's most widely adopted IPs for Bluetooth (Smart and Smart Ready), Wi-Fi (802.11 b/g/n/ac up to 4x4) and serial storage (SATA and SAS). One in every three phones sold worldwide is powered by CEVA, from many of the world's leading OEMs including Samsung, Huawei, Xiaomi, Lenovo, HTC, LG, Coolpad, ZTE, Micromax and Meizu. Visit us at  www.ceva-dsp.com and follow us on  Twitter,  YouTube and LinkedIn.