This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 31E of the Securities Exchange Act of 1934, including but not limited to statements about Sigma’s continued work with Deutsche Bank to explore alternatives to enhance stockholder value and the actions being taken by Sigma to streamline operations, lower costs and build long-term momentum for its core business.

The forward-looking statements in this press release also involve risks and uncertainties, actual results may differ materially from those referred to  in these forward-looking statements due to a number of factors, including but not limited to: the risk that, upon completion of further closing procedures, the financial results for the second quarter fiscal year 2018 are different than the results set forth in this press release; the effect of competitive and economic factors on consumer and business decisions with respect to our products; the success of our expense reduction program and any unintended consequences and one-time expenses that this program may have on our business, our operations and our financial results, our ability to deliver to the marketplace and stimulate customer demand for new products, and technological innovations on a timely basis; the impact to our business due to a decrease in demand for the end products which incorporate our chipsets; the ability of Sigma to identify and execute strategic alternatives, the risk that is review of strategic alternatives may have unintended consequences, such as the distraction of management, the loss of one or more customers and a negative impact on the retention of employees, the effect that product introductions and transitions, changes in product pricing or mix, and/or increases in component costs could have on our gross margins; the inventory risk associated with our need to order components in advance of customer orders; the continued availability of certain components and services essential to our business; the effect that our dependency on manufacturing  provided by third parties may have on the quality, quantity or cost of products manufactured; risks associated with our  international operations; our reliance on third-party intellectual property; our ability to attract and retain key employees; enforcement and protection of our intellectual property rights; our reliance on the continued performance of distributors and other resellers of our products; our focus on a small number of customers; competition in an industry that experiences rapid technological changes and advancements, the effect that product quality problems could have on our sales and operating profits; the impact on our business related to current and future legal proceedings (specifically, intellectual property related litigation) and government and/or quasi-government proceedings, including claims by third parties that we infringe their intellectual property rights; stock price and earnings volatility; war, terrorism, natural disasters, global or regional economic uncertainties, and other events that could disrupt supply, delivery, or demand of our products; and potential tax liabilities that may arise in the course of our business. These and other risks that could affect our financial results are set forth in the “Risk Factors” section of our public reports filed with the Securities and Exchange Commission at www.sec.gov, including our Form 10-K for the fiscal year ended January 28, 2017 filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.  We undertake no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Sigma Designs and Z-Wave are registered trademark of Sigma Designs, Inc. in the United States and other countries.

About Sigma Designs, Inc.

Sigma Designs, Inc.^® (NASDAQ:SIGM) is a world leader in enabling smart home convergence. The Company designs and builds the essential semiconductor technologies that serve as the foundation for the world’s leading Connected Smart TV platforms and Internet of Things (IoT) for smart home devices. For more information about Sigma Designs, please visit: www.sigmadesigns.com.