Karbonn Mobiles Now Shipping MIPS-Based(TM) Tablet in India

SUNNYVALE, Calif., July 31, 2012 (GLOBE NEWSWIRE) -- MIPS Technologies,
Inc. (Nasdaq:MIPS), a leading provider of industry-standard processor
architectures and cores for home entertainment, networking, mobile and
embedded applications, together with Ingenic Semiconductor, a leading
China-based CPU provider for mobile multimedia applications, and
Karbonn Mobiles, a leading mobile brand and provider of attractively
priced multimedia phones in India, today announced availability in
India of the world's lowest-cost Android(TM) 4.1 'Jelly Bean' tablet.

The Karbonn Smart Tab 1 tablet, which leverages the popular, ultra
low-power MIPS-Based(TM) JZ4770 SoC from Ingenic, is available now to
consumers in India. Priced at Rs. 6999 (approximately US$125), the
tablet will be available via the Karbonn website, as well as numerous
online portals and retail outlets in India such as Reliance Digital and
Walmart.

The Karbonn Smart Tab 1 tablet was first introduced in early July with
the Android 4.0 'Ice Cream Sandwich' operating system. An upgrade to
Android 4.1 will be available to customers who purchased this earlier
version of the tablet.

According to a recent ABI Research study, the Indian media tablet
market is estimated to grow with a CAGR of 71% from 2011 to 2017. "2012
is an important year for media tablets in India as an increasing number
of models designed for the India market become available at different
price tiers," says mobile devices practice director Jeff Orr. "Keys to
success for tablet vendors will be localized content, seamless
connectivity, and providing an enhanced user experience."

"With its unmatched combination of high performance and ultra-low power
consumption, the MIPS-Based Ingenic SoC was a natural choice for our
new tablet. Long battery life, leading-edge features and a wealth of
local content make the Karbonn Smart Tab 1 tablet an ideal product for
the Indian market. Building on our success with mobile handsets in
India, Karbonn is pleased to be a leader in bringing an Android 4.1
tablet to market, and the first company in the world to offer an
Android 4.1 tablet at such an affordable price point. We intend to be
the leading marketer in the Indian tablet market wherein we wish to
reach up to 200 thousand units per month by focusing on enterprise
business solutions segmentation, education, healthcare, hospitality and
next-generation business verticals," said Pradeep Jain, managing
director, Karbonn Mobiles.

"This new tablet demonstrates continued adoption of our cost-effective
JZ4770 SoC in mobile devices. The JZ4770 SoC leverages the simplicity
and elegance of the MIPS architecture, and features extremely low power
consumption, 1.2GHz performance, and a high level of functional
integration. Millions of tablets are already shipping around the globe
based on our design, and we anticipate increasing success as more and
more companies recognize the differentiation our solution can enable,"
said Qiang Liu, chairman and CEO of Ingenic Semiconductor.

"After joining with Ingenic to announce the world's first Android 4.0
'Ice Cream Sandwich' tablet in December, we have achieved numerous
additional tablet design wins. Working closely with Ingenic and its
OEMs, we are seeing increasing success for the MIPS architecture in
tablets, especially in emerging markets such as China, Indonesia and
now India. With our deep expertise in Android development, we are able
to quickly port new versions of Android to MIPS-Based devices, with
speed that is second only to Google itself," said Gideon Intrater, vice
president of marketing, MIPS Technologies.

To learn more about the Karbonn Smart Tab 1 tablet, including features
and availability, visit www.karbonnmobiles.com.

For more information about the MIPS-Based JZ4770 SoC and XBurst CPU
from Ingenic, visit http://en.ingenic.cn/.

About Ingenic Semiconductor

Ingenic Semiconductor was founded in Beijing in 2005 to develop
innovative processor technology. Based on the MIPS architecture,
Ingenic designs its own CPU core called XBurst. The XBurst CPU adopts
an innovative micro-architecture which consumes very little power under
high performance operation. Powered by the XBurst CPU, the company's
JZ47xx series application processors are widely deployed in embedded
devices and consumer electronic products including PMPs, educational
electronic devices, eBooks, biometrics and more, with more than 30
million units shipped to-date. For more information, visit
http://www.ingenic.cn/.

About Karbonn Mobiles

Karbonn Mobiles, launched in March 2009, is one of the fastest growing
mobile brands in India complemented by a comprehensive portfolio of
mobile phones with an array of features. Karbonn Mobiles is a joint
venture between Delhi-based Jaina Group and Bangalore based UTL Group.
Karbonn already has over 650 service centers established across the
country, ensuring great after sales support. For more information,
visit www.karbonnmobiles.com.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. (Nasdaq:MIPS) is a leading provider of
industry-standard processor architectures and cores for home
entertainment, networking, mobile and embedded applications. The MIPS
architecture powers some of the world's most popular products. Our
technology is broadly used in products such as digital televisions,
set-top boxes, Blu-ray players, broadband customer premises equipment
(CPE), WiFi access points and routers, networking infrastructure and
portable/mobile communications and entertainment products. Founded in
1998, MIPS Technologies is headquartered in Sunnyvale, California, with
offices worldwide. For more information, contact (408) 530-5000 or
visit www.mips.com.

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CONTACT: Media Contact:
         Jen Bernier-Santarini
         MIPS Technologies, Inc.
         +1 408-530-5178
         jenb@mips.com