US Department of Defense Contracts with ParthusCeva for NavStream™ 3000 GPS Location Technology

San Jose, Calif - August 06, 2003 - ParthusCeva, Inc. (Nasdaq:
PCVA, LSE: PCV), the leading licensor of Digital Signal Processor (DSP)
cores and platform-level Intellectual Property (IP) to the semiconductor
industry, announced today that ParthusCeva has been awarded a contract by
the US Government for the design of a high-performance Global Positioning
System (GPS) system for military test and research, utilizing
ParthusCeva's NavStream™ 3000 GPS technology.

ParthusCeva's NavStream™ 3000 is an advanced GPS platform offering
unrivalled location performance in terms of accuracy, time-to-location fix
and programmability, enabling GPS technology to be deployed across
multiple markets and applications. Under the agreement between ParthusCeva
and the US Department of Defense, ParthusCeva will design a high
performance GPS digital ASIC (Application Specific Integrated-Circuit) to
meet the stringent performance criteria required for a next generation
location and tracking system.

The contract includes the design and supply of GPS Sensor Units (GSU)
which will create a location technology capable of taking GPS measurements
at a rate greater than 10 times per second, a performance far surpassing
existing GPS systems, and for these location measurements to be
down-linked to ground stations for processing and logging. ParthusCeva's
system solution also includes a unique low-cost ground processor complete
with reference receiver and software that provides for GPS (C-A code)
phase recovery using a standard PC platform.

"We chose to work with ParthusCeva because of NavStream's unique
accuracy and rapid location acquisition capabilities of less than three
seconds," said Dave Powell, NAVAIR's Joint Advanced Missile
Instrumentation Project (JAMI) Deputy Director. "We have a long and
successful partnership with ParthusCeva, and their ability to offer a
complete GPS solution is of key importance to our ongoing research, test
and evaluation programs."

"We are delighted to be continuing our relationship with NAVAIR and the
US Department of Defense, the sponsor of the JAMI project, for the
provision of a state-of-the-art GPS system," said Frank Keane, Vice
President of Location Technologies at ParthusCeva. "The contract is superb
validation of the unique location capabilities of our NavStream™

About ParthusCeva, Inc.

Further information about ParthusCeva

A PDF copy of this press release is also available here


ParthusCeva Safe Harbor Statement

Various statements in this press release concerning
ParthusCeva's future expectations, plans and prospects are
"forward-looking statements", which are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those stated. Any statements that are not statements of historical fact
(including, without limitation, statements to the effect that the company
or its management "believes", "expects", "anticipates", "plans" and
similar expressions) should be considered forward-looking statements.
These statements are subject to a number of risks and uncertainties that
could cause actual results to differ materially from those described,
including the following:

  • the industries in which we license our
    technology are experiencing a challenging period of slow growth that has
    negatively impacted and could continue to negatively impact our business
    and operating results;

  • the markets in which we operate are highly
    competitive, and as a result we could experience a loss of sales, lower
    prices and lower revenue;

  • our operating results fluctuate from quarter to
    quarter due to a variety of factors including our lengthy sales cycle,
    and are not a meaningful indicator for future performance

  • we rely significantly on revenue derived from a
    limited number of licensees; and

  • other risks discussed in "Management's
    Discussion and Analysis of Financial Condition and Results of
    Operations--Factors that Could Affect Our Operating Results," in our
    quarterly report on Form 10-Q for the first quarter of 2003, filed with
    the U.S. Securities and Exchange Commission on May 14, 2003.