OTTAWA, April 12 /CNW/ - Potentia Semiconductor, Inc. ("Potentia") today
announced the completion of the transfer of it's communication products
company, Potentia Semiconductor Corporation, to Tundra Semiconductor (TSX:TUN)
on April 7, 2006.
With the release of its communications products line, Potentia will now
focus on the continued development and growth of its remaining product
portfolio, targeted at the rapidly-growing digital display market. Potentia
continues business under a new Canadian company with the Potentia
Semiconductor name.
"The sale of our communications products company allows Potentia to
solely concentrate on the growth of our digital display business," said Tom
Griffin, President and Chief Executive Officer of Potentia Semiconductor, Inc.
"We anticipate bringing significant customer value to this segment with novel
power management and conversion solutions."
Potentia maintains design and manufacturing capabilities in Canada and
China. The company services an international customer base through sales
office locations in North America, Asia and through a worldwide distribution
network.
About Potentia Semiconductor: The Power Management Company
Potentia Semiconductor supplies innovative power management and
conversion solutions for power systems in digital displays and video systems.
Potentia offers a comprehensive product portfolio for designers and
manufacturers of power supplies and on-board power architectures. Privately
held, Potentia is headquartered in Ottawa, Ontario. The Company is ISO
9000:2001 certified.
For more information, please visit www.potentiasemi.com
