(Press Release) Transmeta Corporation announced that the company has been designated by Microsoft Corp. as a reference design partner for the next generation of Smart Displays. This designation reflects the value of Transmeta's energy efficient processor technology for Smart Displays running Microsoft Windows CE .NET and reinforces the very high performance capabilities of these processors for demanding applications. Smart Displays are wireless, touch screen monitors that allow users to access Microsoft Windows XP-based PCs from remote locations in the home or office. In so doing, Smart Displays enable convenient, extended access to the information, applications and services of the main PC. These devices interface with PCs from up to approximately 100 feet away via an 802.11b wireless connection.