"As STMicroelectronics continues to grow, we are looking for ways to enhance our core business processes," said Jack Dauber, Vice President and Corporate Marketing Director at STMicroelectronics. "Model N's Revenue Management platform with industry specific applications will be a catalyst for delivering innovative solutions to our business partners and facilitate the implementation of our global strategy by providing better analytical and decision making process tools."

Purpose built for the unique needs of semiconductor and component manufacturers, the integrated Model N High Tech Revenue Management Suite links the entire transactional revenue life cycle, from opportunity and design tracking, to pricing and quoting, through channels incentive management and reconciling ship and debit data with POS. The product provides unique capabilities for self-service design registration and interactive quoting tied to a powerful rules-based pricing engine. These capabilities not only improve the flexibility and accuracy of pricing for manufacturers, but also reduce quote turnaround time from days to minutes -- significantly improving deal conversion rates.

"STMicroelectronics' commitment to Model N is another indicator that in an increasingly global semiconductor industry, improving core revenue management processes is a universal need," said Richard Fitchen, High Tech General Manager at Model N. "STMicroelectronics and other industry leaders understand the positive impact that Revenue Management best practices can have on building and maintaining lucrative channel relationships, and are augmenting their legacy ERP and CRM systems with a Model N Revenue Management solution specifically designed for the complexities of their global direct and channel business. We look forward to partnering with them and delivering solutions that fuel the growth of their eco-system."

Following Model N's investments in the past year in a global company infrastructure and operational focus, the agreement with STMicroelectronics also represents another customer recognition that Model N operates globally and with a local reach across North America, Europe, and Asia.

"Our partnership with STMicroelectronics represents an important validation of our growing capabilities to serve large global organizations," said Niels Skov, Managing Director Europe for Model N. "We look forward to collaborating with them and raising the bar further for revenue management solutions in the High Tech industry."

STMicroelectronics will implement Model N's Global Price Management, Deal Management, Deal Analytics, and Channel Revenue Management solutions.

About Model N

Model N is a leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, and settlements optimized for the industry practices of High Tech and Life Science companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology, Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit www.modeln.com.

Model N is a mark of Model N, Inc. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

Media Contact: Sean Cassidy Model N, Inc. Tel: +1 650-610-4820 scassidy@modeln.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Model N, Inc.

Purpose built for the unique needs of semiconductor and component manufacturers, the integrated Model N High Tech Revenue Management Suite links the entire transactional revenue life cycle, from opportunity and design tracking, to pricing and quoting, through channels incentive management and reconciling ship and debit data with POS. The product provides unique capabilities for self-service design registration and interactive quoting tied to a powerful rules-based pricing engine. These capabilities not only improve the flexibility and accuracy of pricing for manufacturers, but also reduce quote turnaround time from days to minutes -- significantly improving deal conversion rates.

"STMicroelectronics' commitment to Model N is another indicator that in an increasingly global semiconductor industry, improving core revenue management processes is a universal need," said Richard Fitchen, High Tech General Manager at Model N. "STMicroelectronics and other industry leaders understand the positive impact that Revenue Management best practices can have on building and maintaining lucrative channel relationships, and are augmenting their legacy ERP and CRM systems with a Model N Revenue Management solution specifically designed for the complexities of their global direct and channel business. We look forward to partnering with them and delivering solutions that fuel the growth of their eco-system."

Following Model N's investments in the past year in a global company infrastructure and operational focus, the agreement with STMicroelectronics also represents another customer recognition that Model N operates globally and with a local reach across North America, Europe, and Asia.

"Our partnership with STMicroelectronics represents an important validation of our growing capabilities to serve large global organizations," said Niels Skov, Managing Director Europe for Model N. "We look forward to collaborating with them and raising the bar further for revenue management solutions in the High Tech industry."

STMicroelectronics will implement Model N's Global Price Management, Deal Management, Deal Analytics, and Channel Revenue Management solutions.

About Model N

Model N is a leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, and settlements optimized for the industry practices of High Tech and Life Science companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology, Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit www.modeln.com.

Model N is a mark of Model N, Inc. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

Media Contact:
Sean Cassidy
Model N, Inc.
Tel: +1 650-610-4820
Email Contact

SOURCE: Model N, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=3094330C690548AF

STMicroelectronics (NYSE: STM), a world leader in smartcard ICs, and LG Electronics (LG), a worldwide technology and design leader in mobile communications, today announced an NFC (Near Field Communication) demonstration of LG's KU380-NFC phone, which uses ST's ST21NFCA system-on-chip. The KU380-NFC phone features Paypass contactless payment capabilities enabled by a (U)SIM card, as well as contactless reader functions.

The KU380-NFC phone, which is among the first NFC-enabled handsets, enhances flexibility for service developers by supporting applications running either on the terminal processor or on the (U)SIM card. Taking advantage of the ST21NFCA capabilities to support both NFC card-emulation and reader modes, the KU380-NFC phone will allow Mobile Network Operators to validate and accelerate NFC technology deployment.

ST and LG have achieved the flexibility of the KU380-NFC mobile phone by combining an open architecture with the latest ETSI standards, such as the Host Controller Interface (HCI), Single Wire Protocol (SWP) for communication with the (U)SIM card, in addition to 13.56MHz-based RF communication standards. First KU380-NFC prototypes are being demonstrated using a Gemalto (U)SIM card, fully compliant with all relevant ETSI standards, and featuring both Reader and Paypass applications.

"The KU380-NFC phone, the first in the market to use the ST21NFCA NFC controller, is the result of a successful collaboration between LG Electronics, Gemalto and ST," said Laurent Degauque, Telecom and NFC Marketing Manager, STMicroelectronics. "Collaborating with these two leaders and pioneers in NFC technology deployment, on an end-user product that features all NFC operating modes, is a great opportunity for ST to show the benefits of the ST21NFCA's open architecture."

"Through this world premiere, and thanks to the efficient collaboration of STMicroelectronics and Gemalto, two global leaders in their respective businesses, LG is showing its strong commitment to innovate and anticipate customers needs," said Frederic Christophe, Director Engineering and Standards, LG Electronics Mobilecomm France.

"Gemalto is very proud to cooperate with leaders in the mobile market, such as LG and STMicroelectronics," added Jerome Sion, director of mobile contactless activities at Gemalto. "Providing solutions based on standardized technology is key to enabling the sustainable take-off of mobile contactless services."

About STMicroelectronics

STMicroelectronics is a global leader in developing and delivering semiconductor solutions across the spectrum of microelectronics applications. An unrivalled combination of silicon and system expertise, manufacturing strength, Intellectual Property (IP) portfolio and strategic partners positions the Company at the forefront of System-on-Chip (SoC) technology and its products play a key role in enabling today's convergence markets. The Company's shares are traded on the New York Stock Exchange, on Euronext Paris and on the Milan Stock Exchange. In 2007, the Company's net revenues were $10 billion. Further information on ST can be found at www.st.com.

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, home appliances and mobile communications, employing more than 82,000 people working in 114 operations including 82 subsidiaries around the world. With 2007 global sales of USD 44 billion, LG is comprised of four business units - Mobile Communications, Digital Appliance, Digital Display and Digital Media. LG is the world's leading producer of mobile handsets, flat panel TVs, air conditioners, front-loading washing machines, optical storage products, DVD players and home theater systems. For more information, please visit www.lge.com.

LG Electronics Mobile Communication Company (LG) is a leading producer of mobile handsets. LG creates handsets that provide optimized mobile experience to customers around the world with its cutting-edge technology and innovative handset design capabilities. With advanced wireless solutions, LG is rapidly expanding its presence and market share globally. For more information, please visit www.lge.com.

SOURCE STMicroelectronics

http://www.st.com