OTTAWA, May 8 /CNW Telbec/ - Tundra Semiconductor Corporation (TSX:TUN),
the leader in System Interconnect, today announced it has completed the
acquisition of the Systems Solutions Business Unit of Alliance Semiconductor
Corporation ("Alliance SSBU"). Tundra entered into a definitive agreement on
April 19, 2006 to acquire the assets of the Alliance SSBU. The acquisition
includes intellectual property and several products both in production and
under development. Tundra also has hired over fifty former-Alliance SSBU
employees as a result of the acquisition.
In addition to the immediate benefit of a broader product offering by
adding PCI Express(R), HyperTransport(TM) and PCI bridge products, Tundra
gains Alliance SSBU's world-class intellectual property and two highly
experienced and innovative teams in Santa Clara, CA and Hyderabad, India.
Tundra's leading portfolio of System Interconnect products combined with
Alliance SSBU's design expertise uniquely positions Tundra to develop a market-
leading PCI Express product portfolio and fuels growth for the Company's
communications customers.
"We are very pleased to have Alliance SSBU join the Tundra family. The
addition of their unique talent and technology will allow us to better serve
our customers through stronger roadmaps for next-generation products," said
Jim Roche, President and CEO of Tundra. "Overall, with the synergy between the
products and technologies combined with Tundra's proven channels, design
support and engineering capabilities, customers can expect improvements in the
quality and support offered to them."
ABOUT TUNDRA
Tundra Semiconductor Corporation (TSX:TUN) is the global leader in System
Interconnect providing world-class support and leading edge semiconductor
solutions to the world's foremost communications, networking, storage system,
and information technology vendors. Consistently delivering on system level
performance promises that reduce time to market, Tundra System Interconnect
ensures market advantage in wireless infrastructure, storage networking,
network access, military, industrial automation, and information technology
applications. For more information, please visit www.tundra.com.
Comment respecting any Forward Looking Statement in this release -
Tundra Semiconductor Corporation is a public company with common shares
listed for trading on the Toronto Stock Exchange (TSX:TUN) in Canada. All
figures, unless otherwise noted, are stated in Canadian dollars in accordance
with accounting principles generally accepted in Canada. The Company cautions
that the forward-looking information in this release is based on certain
assumptions made by the Company that may prove to be inaccurate. Assumptions
made include customer demand for the acquired products, the Company's ability
to maintain and enhance existing customer relationships, as well as the
Company's ability to bring to market the products currently under development.
Furthermore, the Company cautions that the forward-looking statements in this
release are based on current expectations that are subject to risks and
uncertainties. Actual results may differ due to factors such as customer
demand, customer relationships, new product development, product shipping
schedules, product mix, competitive products, pricing pressure, and changes in
the embedded systems market specifically. Additional information identifying
risks and uncertainties is contained in the Company's filings with the various
provincial securities commissions.
TUNDRA is a registered trademark of Tundra Semiconductor Corporation
(Canada, U.S. and U.K.). TUNDRA and the Tundra logo are registered marks of
Tundra Semiconductor Corporation (Canada - registration in the United States,
European Union, and People's Republic of China). Other registered and
unregistered trademarks are the property of their respective owners.
(C) Copyright 2006 Tundra Semiconductor Corporation. All rights reserved.
Information subject to change without notice.
