NETANYA, Israel , May 9 /PRNewswire-FirstCall/ -- Saifun Semiconductors Ltd. (Nasdaq: SFUN) today announced that the Company's Chief Financial Officer, Mr. Igal Shany, is scheduled to present at two upcoming investor conferences.

Mr. Shany will present at the Deutsche Bank Technology Conference in San Francisco on May 16, 2007 at 8:35 PDT / 11:35 EDT .

Additionally, Mr. Shany will present at the J.P. Morgan 35th Annual Technology Conference in Boston on May 21, 2007 at 9:20 EDT .

Both presentations will be available via live Webcast via the Company's website at http://www.Saifun.com.

About Saifun Semiconductors Ltd.

Saifun is a provider of intellectual property (IP) solutions for the non- volatile memory (NVM) market. The company's innovative Saifun NROM(R) technology allows semiconductor manufacturers to deliver high performance, reliable products at a lower cost per megabit, with greater storage capacity, using a single process for all NVM applications. Saifun licenses its IP to semiconductor manufacturers who use this technology to develop and manufacture a variety of stand-alone and embedded NVM products. These include Flash memory for the telecommunications, consumer electronic, networking and automotive markets. Among the companies currently licensing Saifun NROM technology are Macronix International, NEC Electronics, Semiconductor Manufacturing International Corporation, Sony Corporation, Spansion, and Tower Semiconductor.

Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based upon management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see 'Risk Factors' in the Company's Annual Report on Form 20-F filed on April 2, 2007 with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Saifun Semiconductors Contact:         Investor Relations Contact:
    Marsha Shalvi                          Lee Roth / Marybeth Csaby
    Investor Relations                     KCSA Worldwide
    Tel: +972-9-892-8450                   212-896-1209 / 212-896-1236
    Email: marshas@saifun.com              lroth@kcsa.com / mcsaby@kcsa.com

SOURCE Saifun Semiconductors Ltd.