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Updated: July 8th, 2008 05:26 PM CDT

Pixelplus Obtains Complete Victory in the Seoul Central District Court on the Disputed Process Patents Claimed by MagnaChip

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As a fabless semiconductor company, Pixelplus is focused on creating proprietary design technologies to develop CMOS image sensors with sharp, colorful and enhanced image quality, size efficiency, and low power consumption.

Forward Looking Statement

This press release contains certain statements that are not historical in nature but are "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate,""anticipate," "believe," "project," or "continue" or the negative of such words or other similar words. Pixelplus cautions readers that forward-looking statements are based on the Company's current expectations, estimates and assumptions about our company and our industry, and are subject to a number of risks and uncertainties. Actual results may differ materially from those contained in such forward-looking statements. Investors are directed to Pixelplus' reports and documents filed from time to time with the U.S. Securities and Exchange Commission for a description of various factors that should be considered before investing in Pixelplus securities. These factors may cause Pixelplus' results to differ materially from the forward-looking statements made in this release. The forward-looking statements speak only as of the date of this press release and Pixelplus assumes no duty or obligation to update them to reflect new, changing, or unanticipated events or circumstances.

Contact: Shane Y. Hong Pixelplus Co., Ltd. 5th Floor, Intellige I, KINS Tower 25-1 Jeongja-dong, Bundang-gu, Seongnam-si Gyeonggi-do 463-811, Republic of Korea +82-31-600-5300 OR Taylor Rafferty: London - Melanie Ashworth at +44 (0) 20 7614 2900 New York - Allon Bloch at +1 212 889 4350 Seoul - Jisook Shim at +82 (0) 2 2000 5753 Tokyo - Yuhau Lin at +81 (0) 3 5444 2730 Email pixelplus@taylor-rafferty.com

SOURCE Pixelplus Co., Ltd.


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