Entropic Communications Wins Prestigious 2012 Global Semiconductor Alliance Award
December 20 2012 - 8:00AM
Entropic Communications (Nasdaq:ENTR), a world leader in
semiconductor solutions for the connected home, proudly announced
the Global Semiconductor Alliance (GSA), the voice of the global
semiconductor industry, awarded Entropic the 2012 GSA Award in the
"Most Respected Public Semiconductor Company Achieving $100 million
to $250 million in Annual Sales" category.
The GSA Awards are presented annually to outstanding
semiconductor companies worldwide that have demonstrated excellence
through their success, vision and strategy in the industry. Award
winners are selected by GSA members, whom evaluate products and
future opportunities associated with a company's silicon solutions
and business model.
Entropic is the only pure-play platform semiconductor company in
connected home entertainment. The Company offers a diverse
portfolio of connectivity and set-top box (STB) system-on-a-chip
(SoC) solutions that reliably and securely, deliver and process
multimedia digital content into and throughout the home.
"We congratulate Entropic on receiving a prestigious 2012 GSA
Award," said Jodi Shelton, co-founder and president, GSA. "Entropic
has undergone an impressive evolution over the past year, making
two key acquisitions to further fuel Pay-TV operators' shift from
traditional broadcast to streaming, IP-based video delivery."
In April 2012, Entropic completed its acquisition of Trident
Microsystems' STB SoC business. With this transaction, the Company
expanded its presence in the connected home entertainment market by
obtaining complementary assets, intellectual property (IP),
patents, core competencies and products that addressed a much
larger available market, while expanding the Company's
international presence and diversifying its revenue base. In July
2012, Entropic acquired specific direct broadcast satellite (DBS)
IP and corresponding technologies from PLX Technology, Inc. to
accelerate its DBS outdoor unit product roadmap. Both acquisitions
provided Entropic a path to future technologies, and highly
integrated product roadmaps to help serve the global service
provider market.
"We are honored to be recognized by the GSA and our peers in the
semiconductor community for our bold vision and successful
execution in expanding our market opportunity in the competitive
connected home entertainment market," said Patrick Henry, president
and CEO, Entropic. "With our expanded portfolio, we now offer
best-in-class Connectivity and STB System-on-a-Chip solutions that
seamlessly power and enable global Pay-TV operators to create more
captivating whole-home entertainment experiences for their
subscribers."
Entropic is also known as a co-founder of MoCA® (Multimedia over
Coax Alliance), and is recognized for advancing the way HD video is
delivered over a single coaxial cable.
About GSA
The Global Semiconductor Alliance (GSA) mission is to accelerate
the growth and increase the return on invested capital of the
global semiconductor industry by fostering a more effective
ecosystem through collaboration, integration and innovation. It
addresses the challenges within the supply chain including IP,
EDA/design, wafer manufacturing, test and packaging to enable
industry-wide solutions. Providing a platform for meaningful global
collaboration, the Alliance identifies and articulates market
opportunities, encourages and supports entrepreneurship, and
provides members with comprehensive and unique market intelligence.
Members include companies throughout the supply chain representing
30 countries across the globe. www.gsaglobal.org
About Entropic Communications
Entropic Communications, Inc. (Nasdaq:ENTR) is a leading global
provider of silicon and software solutions to enable connected home
entertainment. The Company transforms how traditional HDTV
broadcast and streaming video content is seamlessly, reliably, and
securely delivered, processed, and distributed into and throughout
the home. Entropic's next-generation home connectivity and set-top
box system-on-a-chip (SoC) solutions enable Pay-TV service
providers to offer consumers a more captivating whole-home
entertainment experience by delivering new, high-performing ways to
connect, engage, and enjoy multimedia content. For more
information, visit Entropic at: www.entropic.com.
The Entropic Communications logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4255
Forward-Looking Statements
Statements in this press release that are not strictly
historical in nature constitute "forward-looking statements." Such
statements include, but are not limited to, statements regarding
the expected benefits of Entropic's technology solutions, and
continued or future integration of technology into products of
OEMs. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause Entropic's
actual results to be materially different from historical results
or from any results expressed or implied by such forward-looking
statements. These factors include, but are not limited to, the
effects of competition from alternative technologies; Entropic's
dependence on service providers' connected home needs; the risk
that the market for Entropic's solutions may not develop as
anticipated; the effect of intellectual property rights claims; and
other factors discussed in the "Risk Factors" section of Entropic's
Quarterly Report on Form 10-Q for the quarter ended September 30,
2012. All forward-looking statements are qualified in their
entirety by this cautionary statement. Entropic is providing this
information as of the date of this release and does not undertake
any obligation to update any forward-looking statements contained
in this release as a result of new information, future events or
otherwise.
Copyright © 2012 Entropic. All rights reserved. All other
product or company names mentioned are used for identification
purposes only and may be trademarks of their respective owners.
CONTACT: Entropic Investor and Media Contacts:
Debra Hart
Director, Investor Relations
+1 858.768.3852
debra.hart@entropic.com
Chris Fallon
Senior Director, Corporate Communications
+1 917.974.1667
chris.fallon@entropic.com
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