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Tundra Semiconductor Signs Product Acquisition Agreement
Tundra Semiconductor Signs Product Acquisition Agreement.
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[{"type":"text","content":"\n\n\n\nTundra Announces First Step in Smart Interconnect Solutions Strategy\n\n\nOTTAWA, Aug. 16 /CNW Telbec/ - Tundra Semiconductor Corporation\n(TSX:TUN), a leader in System Interconnect, signed an agreement today to\nacquire a new product from a leading global solutions and engineering services\nprovider.\n\n\nThe agreement is a significant first step in executing Tundra's\npreviously announced smart interconnect solutions strategy. This product\nrepresents a new product line and new market opportunity for Tundra. Based on\nstrong I/O management experience, Tundra intends to use its existing design\nteams to develop future products in this new product line and in the broader\nsmart interconnect solutions product portfolio.\n\n\n"We are excited to announce this major milestone today. The acquisition\nof this highly competitive product is a positive step forward for Tundra and\nstrongly positions the Company for future growth," said Daniel Hoste,\nPresident and Chief Executive Officer, Tundra Semiconductor. "Tundra's new\nproduct strategy will deliver intelligent interconnect products, to provide\nour customers with a competitive edge in their system designs where\nperformance depends more and more on the I/O and interconnect architecture\nsolutions," continued Hoste.\n\n\nTundra will acquire the product for a total purchase price of\n$15.4 million USD, with payments impacting the next 3 fiscal years. Tundra\nexpects revenue associated with this product acquisition to begin to impact\nfiscal year results in 2010 and expects that lifetime revenue will represent\napproximately 8 to 12 times the total investment cost.\n\n\nAbout Tundra\n\n\nTundra Semiconductor Corporation (TSX:TUN) supplies the world's leading\ncommunications, computing and storage companies with smart System Interconnect\nproducts, intellectual property (IP) and design services backed by world-class\ncustomer service and technical support. Tundra's track record of product\nleadership includes over a decade of bridges and switches enabling key\nindustry standards: RapidIO(R), PCI, PCI-X, PCI Express(R), PowerPC(R), VME,\nHyperTransport(TM), Interlaken, and SPI4.2. Tundra's products deliver high\nfunctional quality and simplified board design and layout, with specific focus\non system level signal integrity. Tundra's design services division, ...