EZchip Announces Fourth Quarter and Full Year 2011 Results

*  During December 2011 we made a one-time early payment of $9.9 million to the Israeli Office of Chief Scientist, representing the full balance of the contingent liability related to the NP-4 and NPA grants received. Upon making this payment, we have eliminated all future royalty obligations related to our anticipated NP-4 and NPA revenues and saved the associated future interest payments related to such obligations. This amount was excluded from the non-GAAP operating cash flow as it represents future royalty obligations.

Ehud Helft / Kenny Green
CCG Investor Relations
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Tel: (US) +1-646-201-9246

SOURCE EZchip Semiconductor Ltd

EZchip Semiconductor Ltd

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