ALISO VIEJO, Calif.,
Jan. 5, 2018 /PRNewswire/
-- Microsemi Corporation (Nasdaq: MSCC), a leading
provider of semiconductor solutions differentiated by power,
security, reliability and performance, today announced its support
for the immediate passage of the National Resiliency and Timing
Security Act of 2017, which was recently introduced under the
leadership of Sen. Cruz (R-Texas)
and Sen. Markey (D-Massachusetts).
This act seeks to provide for the immediate establishment of an
urgently needed backup for the Global Positioning System, commonly
known as GPS.
GPS provides critical positioning, navigation and timing (PNT)
capabilities to virtually every sector of the U.S. economy, from
navigation of cars, trucks, ships and planes, to operations of
telephone and data communications networks, power plants, stock
exchanges and the internet. Were GPS to be disrupted, the ensuing
economic impact to the nation would be severe. The successes and
benefits of GPS have made it a utility for the nation's critical
infrastructure sectors, but there is no resilient, independent
backup system—making GPS a single point of failure.
"This bipartisan act provides for the immediate development and
build out of a backup system to increase the resilience of GPS and
thereby protect the security of our national critical
infrastructure," said John Costello,
Microsemi's corporate vice president of business development and
government relations. "We applaud both Senator Cruz and Senator
Markey for introducing this much-needed legislation and strongly
support its immediate enactment."
About Microsemi
Microsemi Corporation (Nasdaq: MSCC)
offers a comprehensive portfolio of semiconductor and system
solutions for aerospace & defense, communications, data center
and industrial markets. Products include high-performance and
radiation-hardened analog mixed-signal integrated circuits, FPGAs,
SoCs and ASICs; power management products; timing and
synchronization devices and precise time solutions, setting the
world's standard for time; voice processing devices; RF solutions;
discrete components; enterprise storage and communication
solutions, security technologies and scalable anti-tamper products;
Ethernet solutions; Power-over-Ethernet ICs and midspans; as well
as custom design capabilities and services. Microsemi is
headquartered in Aliso Viejo,
California and has approximately 4,800 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.
"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
statements related to its support of the immediate passage of the
National Resiliency and Timing Security Act of 2017, 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.
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SOURCE Microsemi Corporation