Microsemi Announces Exclusive License of DLVA Technology to Microphase Corporation
Exit Confirms Continued Focus on Core Growth Initiatives and Improved Profitability
ALISO VIEJO, Calif., April 4, 2013 /PRNewswire/ – Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced the exclusive licensing of its detector log video amplifier (DLVA) technology to Microphase Corporation and exited the market in conjunction with its ongoing facility consolidation plan. Microphase is a provider of microwave and RF solutions for advanced military communications and electronic warfare systems applications. Terms of the transaction were not disclosed.
This action has no material effect on Microsemi revenues and is a function of the company’s continuing focus on core growth initiatives and improved profitability. Further, Microsemi reaffirms its revenue guidance for its second quarter of fiscal 2013, ended March 31.
Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Products include high-performance, radiation-hardened and highly reliable analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and voice processing devices; RF solutions; discrete components; security technologies and scalable anti-tamper products; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif., and has approximately 3,000 employees globally. Learn more at www.microsemi.com.
Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.
About Microphase Corporation
Microphase Corporation has 50 plus years of history in microwave and RF design, engineering and delivering high-performance filters, switch filters, multiplexers, detectors, limiters, DLVA’s, SDLVA’s, integrated assemblies and sub-systems for advanced military communications and electronic warfare, EW, ECM ESM, RWR, ELINT, COMINT and SIGINT systems applications.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to its licensing of its digital log video amplifier business, and its potential effects on future business, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company’s products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company’s most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi’s future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.
SOURCE Microsemi Corporation