Centillium Communications (NASDAQ:CTLM)
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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.