NEXTBIT BECOMES PART OF THE RAZER FAMILY

NEXTBIT BECOMES PART OF THE RAZER FAMILY

Management and employees retained; companies remain
committed to supporting the Robin smartphone and enhancing the Android
ecosystem

IRVINE, Calif. – Razer™, the leading global
lifestyle brand for gamers, today confirmed that it has acquired the majority
of the assets of Nextbit Systems Inc. and has brought onboard the management
and employees of the company. Financial details of the transaction, which closed
earlier this month, were not disclosed.

“Nextbit is
one of the most exciting companies in the mobile space,” says Razer Co-Founder
and CEO Min-Liang Tan. “Razer has a track record of disrupting industries where
our technology and ability to design and innovate have allowed us to dominate
categories with longstanding incumbents, such as the peripherals and laptop
categories. With the talent that Nextbit brings to Razer, we look forward to
unleashing more disruption and growing our business in new areas.”

According to
Razer, Nextbit will operate as a standalone business unit under its own
management and apart from the ongoing business of its parent company.
Furthermore, Nextbit will continue with product support and software updates
for its Robin smartphone.

“In order to reach a wider audience
and continue our mission, we decided to join with a larger brand,” says Tom
Moss, Nextbit Systems Inc. co-founder and CEO. “We’re lucky to have found a
company in Razer that shares our value of pushing the boundaries of what our
devices can do.”