Intersil to Acquire Quellan, Creator of Q:ACTIVE® High Performance Analog Signal Processing Technology
MILPITAS,
CA, August 4, 2009 – Intersil
Corporation (NASDAQ Global Select: ISIL),
a world leader in the design and manufacture of high-performance analog
and mixed signal semiconductors, today announced that it has signed
a definitive agreement to acquire Quellan, Inc., a privately held leader
in the design of high performance analog signal processing integrated
circuits (ICs). Quellan’s innovative Q:ACTIVE® technology
delivers unmatched signal integrity for improved system throughput and
density with dramatically reduced power consumption.
Quellan, a Santa Clara, California company founded in 2000, utilizes a proprietary
Collaborative Signal Processing (CSP) architecture to apply adaptive noise
cancellation and equalization within the analog domain. This unique approach
enables Quellan’s ICs to address signal loss, dispersion, skew and noise
in high-speed signal processing applications. Quellan’s Q:ACTIVE technology
will provide improved performance, smaller footprint and lower power solutions
for communications and networking infrastructure, high-performance computing,
storage and consumer electronics applications.
“The Quellan products and analog signal processing design expertise
in driving high speed signals over long distances are a perfect fit for Intersil,” said
Dave Bell, Intersil’s Chief Executive Officer. “Quellan’s
Q:ACTIVE technology is complementary to our video and DSL businesses, and
we believe it will enable us to further penetrate new and existing high-margin
markets.”
Quellan’s ICs
are embedded inside active copper interconnects that dramatically improve
the signal integrity, speed, density and distance of existing platforms, providing
up to three times the signal reach of traditional passive cables. Quellan’s
noise-cancelling ICs can also reduce interference from various noise sources
to achieve exceptional signal sensitivity for a wide range of devices.
“We are very excited to be part of the Intersil family,” said
Tony Stelliga, Quellan’s Chairman and Chief Executive Officer. “Quellan’s
products are immediately applicable in many of Intersil’s existing vertical
markets, and we believe will create opportunities in new areas of the analog
IC market ,” Stelliga said.
The boards of directors of both companies have unanimously approved the merger.
Intersil expects the acquisition will have an immaterial impact on revenue
or earnings for the third quarter 2009 results.
About Intersil
Intersil Corporation is
a leader in the design and manufacture of high-performance analog and mixed
signal semiconductors. The Company's products address some of the industry's
fastest growing markets, such as flat panel displays, cell phones, other
handheld systems, and notebooks. Intersil’s product families address
power management functions and analog signal processing functions. Intersil
products include ICs for battery
management, hot-plug controllers, linear regulators, power sequencers,
supervisory ICs, bridge drivers, PWM
controllers, switching DC/DC regulators, Zilker Labs Digital Power
ICs and power MOSFET drivers; optical storage laser diode drivers; DSL
line drivers; D2Audio products; video and
high-performance operational
amplifiers; high-speed
data converters; interface ICs; analog
switches and multiplexers; crosspoint switches; voice-over-IP devices;
and ICs for military,
space and radiation-hardened applications. For more information about Intersil
or to find out how to become a member of our winning team, visit the Company's
web site and career page at www.intersil.com.
FORWARD-LOOKING STATEMENTS
Intersil Corporation press
releases and other related comments may contain forward-looking statements
as defined in Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, in connection with the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
are based upon Intersil’s management's current expectations, estimates,
beliefs, assumptions and projections about Intersil's business and industry.
Words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “potential,” “continue,” “goals,” “targets” and
variations of these words (or negatives of these words) or similar expressions,
are intended to identify forward-looking statements. In addition, any statements
that refer to projections or other characterizations of future events or circumstances,
including any underlying assumptions, are forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict. Therefore,
our actual results could differ materially and adversely from those expressed
in any forward-looking statements as a result of various risk factors. Intersil
does not adopt and is not responsible for any forward-looking statements and
projections made by others in this press release. Intersil's Annual Report on
Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports
on Form 8-K and other Intersil filings with the U.S. Securities and Exchange
Commission (which you may obtain for free at the SEC's web site at http://www.sec.gov)
discuss some of the important risk factors that may affect our business, results
of operations and financial condition. These forward-looking statements are made
only as of the date of this communication and Intersil undertakes no obligation
to update or revise these forward-looking statements.
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