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2009 News Archives |
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| 2009-05-22 |
MTI and TelASIC Announced Assets Purchase Agreement |
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Hsinchu, Taiwan and Los Angeles, CA, USA, May 22, 2009 - Microelectronics Technology Inc. (TSE code: 2314, "MTI"), a wireless telecommunication product designer & manufacturer, and TelASIC Communications Inc. ("TelASIC"), a leading developer of Remote Radio Head (RRH) products for WCDMA/HSDPA and WiMAX/LTE infrastructure, today announced that they have signed a definitive agreement for MTI to acquire substantially all tangible and intangible assets related to TelASIC's RRH product lines, including the R&D team, for an undisclosed sum. Today, the board of directors of both companies approved the transaction.
Under this agreement, MTI will acquire a R&D team of approximately 30 highly qualified designers with abundant product development experiences in RRH related products. With the new R & D team on board, MTI can significantly enhance its capability in developing state-of-art RRH products and increase its competitiveness internationally. In addition, by acquiring the existing key patents and intellectual properties of TelASIC, MTI will be able to reduce radically the time to market of MTI's RRH products. Furthermore, on top of the current applications to WCDMA/HSDPA infrastructure, RRH can also be applied to 4G Long Term Evolution products. Leveraged on the RRH technology and product capability, MTI will be able to expand the existing product lines and widen its customer base to catch more business opportunities emerging from the increased telecommunication infrastructure spending sponsored by public authorities globally.
"To build up an international R&D team is not only a challenge but also extremely great opportunities to MTI. Through the synergy generated from the collaboration between the two outstanding R&D teams and MTI's production technology, MTI can benefit for future business growth and a sustainable and long-term success." said Mr. Allen Yen, President and CEO of Microelectronics Technology Inc.
Following the acquisition, through the enhanced R&D capabilities generated from the integration, MTI can provide comprehensive product lines, which will strengthen MTI's international competitiveness, consolidate its existing customer relations and enable MTI to explore new market and customers in the 3G to 4G business, which in turn will contribute to MTI's growth momentum in the future.
About TelASIC Communications Inc.
TelASIC Communications is a leading developer of RRH products for WCDMA/HSDPA and WiMAX/LTE infrastructure. TelASIC's highly power-efficient RRHs enable transmission of high output power, which is essential for delivering high data rates and coverage required for mobile TV/video/audio/data-centric 3G data services. The company's products are based on its world-leading expertise in signal processing algorithms for power amplifier linearization and high performance data converters purpose-built for WCDMA/HSDPA and WiMAX/LTE transmission. For more information, please visit http://www.telasic.com.
About MTI
Established in 1983, Microelectronics Technology Inc. (MTI) was Taiwan's first microwave and satellite Communications Company. For 25 years, MTI has pioneered the wireless communications industry in Taiwan and continuously cultivated the development of microwave integrated circuits, focusing on the design, manufacturing and sales of niche and promising products within the microwave electronics market. MTI's work and contribution have been essential in solidifying Taiwan's position in the global high-tech arena. For more information, please visit www.mti.com.tw |
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