TranSwitch and Centillium to Jointly Participate in Broadband World Forum Europe 2008
September 25 2008 - 11:00AM
Business Wire
TranSwitch� Corporation (NASDAQ: TXCC), and Centillium
Communications Inc. (NASDAQ: CTLM) will jointly present their
latest carrier-class semiconductor solutions for the converging
voice, data and video network at Broadband World Forum 2008 in
Booth # 288, at the Brussels Expo Center, Brussels, Belgium,
September 29 � October 2. TranSwitch announced on July 9, 2008 that
it is in the process of acquiring Centillium, thus creating a new
global leader in communications ICs for next-generation converged
wireline and wireless networks for voice, video and data services.
The combined company will have a comprehensive product portfolio
for Broadband Access (encompassing both GEPON and GPON), Carrier
Ethernet, Voice-over-IP and Wireless Backhaul. Experts from
TranSwitch and Centillium will be available to discuss details of
the companies� latest product offerings including the latest member
of the Atlanta� Communications Processor and the Diplomat�-ONT GPON
solution based on TranSwitch�s recently announced programmable
Taurus� platform. The TranSwitch / Centillium booth will also
feature several live demonstrations of products from both
companies, including the Diplomat�-IP Access processor and
Packet-SID IEEE 1588v2 based sync-over-packet network device from
TranSwitch as well as an end-to-end Voice-over-IP implementation
combining Centillium�s Entropia� and Atlanta� product families.
About TranSwitch Corporation TranSwitch Corporation (NASDAQ: TXCC)
designs, develops and markets innovative semiconductors that
provide core functionality and complete solutions for voice, data
and video communications network equipment. As a leading supplier
to telecom, datacom, cable television and wireless markets,
TranSwitch customers include the major OEMs that serve the
worldwide public network, the Internet, and corporate Wide Area
Networks (WANs). TranSwitch devices are inherently flexible, many
incorporating embedded programmable microcontrollers to rapidly
meet customers� new requirements or evolving network standards by
modifying a function via software instruction. TranSwitch
implements global communications standards in its VLSI solutions
and is committed to providing high-quality products and services.
TranSwitch, Shelton, CT, is an ISO 9001:2000 registered company.
For more information, visit www.transwitch.com. About Centillium
Communications Inc. Centillium Communications, Inc. (NASDAQ: CTLM)
delivers highly innovative communications processing technology for
global systems vendors targeting service provider, enterprise and
consumer markets. Centillium's high performance Systems-on-Chip
(SoC) products power leading edge optical, Voice- over-Internet
Protocol (VoIP), security and data systems requiring top quality,
highly integrated, very low power processing solutions that help
minimize the energy footprint of communications networks. With a
long heritage of technology leadership and first-to-market product
development, Centillium provides semiconductor solutions that keep
customers and end users at the forefront of the communications
evolution. Centillium is a global company with headquarters in
Fremont, CA. Additional information is available at
http://www.centillium.com. Forward-looking statements in this
release, including statements regarding management's expectations
for future financial results, anticipated expense savings and
synergies, the combined company�s products, revenue opportunities
and prospects, and the timing of the proposed merger, are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that these
forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
contained in the forward-looking statements, including without
limitation the potential inability to complete the proposed merger
because conditions to the closing may not be satisfied; the risk
that the two companies� businesses will not be integrated
successfully and without delay; the risk that the transaction may
involve unexpected costs or unexpected liabilities; uncertainties
concerning the effect of the transaction on relationships with
customers, employees and suppliers of either or both companies; and
other risks associated with TranSwitch�s and Centillium�s
businesses such as the risks associated with acquiring new
businesses; the risk of downturns in economic conditions generally
and in the telecommunications and data communications markets and
the semiconductor industry specifically; risks in product
development and market acceptance of and demand for TranSwitch's
products and products developed by TranSwitch's customers; risks
relating to TranSwitch's indebtedness; risks of failing to attract
and retain key managerial and technical personnel; risks associated
with foreign sales and high customer concentration; risks
associated with competition and competitive pricing pressures;
risks associated with investing in new businesses; risks of
dependence on third-party VLSI fabrication facilities; risks
related to intellectual property rights and litigation; risks in
technology development and commercialization; and other risks
detailed in TranSwitch's and Centillium�s filings with the
Securities and Exchange Commission TranSwitch expressly disclaims
any obligation or undertaking to release publicly any updates or
revisions to any such statements to reflect any change in
expectations or any change in events, conditions or circumstances
on which any such statement is based. Important Information for
Investors and Stockholders TranSwitch expects to file a SEC
Registration Statement on Form S-4, and TranSwitch and Centillium
will file a proxy statement/prospectus with the SEC, in connection
with the proposed merger. TRANSWITCH AND CENTILLIUM URGE INVESTORS
AND STOCKHOLDERS TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT
BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED BY EITHER
PARTY WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and stockholders will be able to obtain the proxy
statement/prospectus and other documents filed with the SEC free of
charge at the website maintained by the SEC at www.sec.gov. In
addition, documents filed with the SEC by TranSwitch will be
available free of charge on the investor relations portion of the
TranSwitch website at www.transwitch.com. Documents filed with the
SEC by Centillium will be available free of charge on the investor
relations portion of the Centillium website at www.centillium.com.
Participants in the Solicitation This communication is not a
solicitation of a proxy from any security holder of Centillium.
However, Centillium, and certain of its directors and executive
officers, may be deemed participants in the solicitation of proxies
from the stockholders of Centillium in connection with the merger.
The names of Centillium�s directors and executive officers and a
description of their interests in Centillium (including their
ownership of Centillium stock) are set forth in the proxy statement
for Centillium�s 2008 annual meeting of stockholders, which was
filed with the SEC on April 29, 2008. Investors and stockholders
can obtain more detailed information regarding the direct and
indirect interests of Centillium�s directors and executive officers
in the merger by reading the definitive proxy statement/prospectus
when it becomes available.
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