|[March 19, 2013]
Semtech Announces Sale of Video Optical Module Product Line to Embrionix
CAMARILLO, Calif. --(Business Wire)--
Semtech Corporation (Nasdaq: SMTC), a leading supplier of analog and
mixed-signal semiconductors, today announced the sale of its video
optical module (optical SFP) product line to Embrionix. Embrionix is the
market leader in coaxial, converter and intelligent SFP solutions to the
video industry and is the only optical SFP supplier focused on the
broadcast video market.
Semtech is committed to delivering market leading, next generation
semiconductor products for the broadcast video and high-definition
surveillance industries. As part of this commitment, the Company has
decided to divest a non-core portion of its video business, which is not
material to Semtech's broadcast video revenue. Embrionix and Semtech
believe this transaction will address customer needs more effectively by
allowing each company to focus on its core strengths and maximize
This deal creates a strong collaboration between Embrionix and Semtech
and sets the foundation for ongoing cooperation on future products. "We
are excited to formalize our relationship with Embrionix, who will be a
successful supplier to the SFP market with our VOM products," said Gary
Beauchamp, Senior Vice President and General Manager, Gennum Product
Group. Semtech selected Embrionix because of its focus on the broadcast
video market and its expertise in the development, sales, and marketing
of SFP module solutions.
"With the acquisition of Semtech's video optical SFP line, Embrionix is
now a one-stop shop for video coaxial, fiber and converter SFP and
advanced emSFP," said Renaud Lavoie, CEO of Embrionix.
In order to ensure continuity in supply and support for customers,
Semtech will remain involved during a transition period.
Semtech continues to be a leader in developing products for the
broadcast market and will be displaying exciting new technology at the
NAB show in Las Vegas from April 8 - 11, 2013. Semtech will be located
in the North Hall at booth N2116.
Semtech Corporation�is a leading supplier of analog and mixed-signal
semiconductors for high-end consumer, computing, communications and
industrial equipment. Proucts are designed to benefit the engineering
community as well as the global community. The company is dedicated to
reducing the impact it, and its products, have on the environment.
Internal green programs seek to reduce waste through material and
manufacturing control, use of green technology and designing for
resource reduction. Publicly traded since 1967,�Semtech�is listed on the
NASDAQ Global Select Market under the symbol SMTC. For more information,
Embrionix provides a new approach in the product interface market for
broadcast manufacturers. Embrionix designs and builds innovative,
advanced SMPTE VIDEO SFPs to close the gap between fiber optic
deployments, coaxial deployments, and emerging technology deployments,
such as HDMI, composite video, Ethernet, etc. By leveraging its core
competencies in video broadcast, the company provides SFP modules
(emSFP) with the highest level of flexibility to major broadcasters in
the industry. The company is based in Laval, Canada and has global
design, research and development, and sales offices located in Canada,
California, United Kingdom and Japan. For more information on pricing
and availability, please visit www.embrionix.com
or contact us at email@example.com.
Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended (the
"Securities Act"), and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements are statements other than
historical information or statements of current condition and relate to
matters such as future financial performance, future operational
performance, the anticipated impact of specific items on future
earnings, and our plans, objectives and expectations. These
forward-looking statements are identified by the use of such terms and
phrases as "intends," "goal," "estimate, "expect," "project," "plans,"
"anticipates," "should," "will," "designed to," "believe," and other
similar expressions which generally identify forward-looking statements.
Forward-looking statements involve known and unknown risks and
uncertainties that could cause actual results and events to differ
materially from those projected. Important factors that could cause
actual results to differ materially include, but are not limited to: the
ability of both Semtech and Embrionix following the completion of the
sale of the product line to achieve intended results in the respective
areas of each company's core strengths; the level and extent of ongoing
cooperation on future products between the two companies; the level and
volume of business arising from any such ongoing cooperation; and the
future growth of and market interest in the optical SFP markets.
Additionally, forward-looking statements should be considered in
conjunction with the cautionary statements contained in the "Risk
Factors" section and elsewhere in the Company's Annual Report on Form
10-K for the fiscal year ended January 29, 2012, in the Company's other
filings with the SEC (News - Alert), and in material incorporated therein by reference.
In light of the significant uncertainties inherent in the
forward-looking information included herein, any such forward-looking
information should not be regarded as representations by the Company
that its objectives or plans will be achieved or that any of its
operating expectations or financial forecasts will be realized.
Investors are cautioned not to place undue reliance on any
forward-looking information contained herein. The Company assumes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Semtech, the Semtech logo and Gennum are marks of Semtech Corporation
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