Volex Acquires AppliedMicro Active Optical Technology Platform
Agreement Provides for Joint Patent Ownership and Basis for
Collaboration on Next-Generation Optical Technologies
LONDON and SUNNYVALE, CA -- (Marketwire) -- 01/14/13 -- Volex plc
(LSE: VLX), the global provider of electrical, digital and optical
connections, and Applied Micro Circuits Corporation (NASDAQ: AMCC), a
global leader in computing and connectivity solutions for
next-generation cloud infrastructure and data centers, announced that
the companies have completed a transaction under which Volex has
acquired active optical technology from AppliedMicro for a purchase
price of approximately US$2 million. Under the asset sale agreement,
AppliedMicro has agreed to a five-year non-compete in connection with
the marketing and sale of active optical cables, transceivers,
modules and related assemblies. The companies will share ownership of
the associated active optical patent portfolio, allowing each company
to continue development of the technologies, and forming the basis
for the two companies to collaborate on next-generation optical
interconnect products and solutions.
AppliedMicro has been actively developing the technology platform for
three years. The company's focus in its research and development
efforts was to overcome the primary roadblocks to widespread adoption
of high-speed data interconnects: cost and complexity.
George Jones, vice president of marketing and business development
for connectivity solutions at AppliedMicro, stated: "We chose Volex
to take the platform forward due to its strong focus on the active
optical cable space and extensive customer relationships in
data-center markets. We look forward to working with Volex as it
accelerates and furthers the development of the technology and
manufacturing of an innovative product set to complement our own
initiatives in semiconductor technology and networking."
The transaction supports Volex's entry into the emerging
multi-billion dollar optical interconnect market for high-speed data
applications in data center and telecommunications, as well as the
consumer, healthcare and industrial markets.
Ray Walsh, Volex CEO, stated: "Our data-center and telecommunications
customers have been asking for a cost-effective, high-speed optical
solution to replace legacy copper interconnects. The technology and
expertise we have acquired from AppliedMicro will provide Volex with
a unique platform to develop and deliver reliable, low-power,
competitive active optical solutions, including active optical cables
and transceivers, into all of our sectors. The joint ownership of the
patent portfolio will provide a foundation for a continuing close
cooperation with AppliedMicro in product development, sales and
Volex designs and manufactures performance-driven
interconnect solutions for customers in four market sectors:
telecoms/datacoms, healthcare, consumer products, and industrial.
Volex's core interconnect solutions encompass key technologies such
as power cords, high-speed copper and fibre optics, radio-frequency
(RF), low frequency (industry standard I/O), and complex cable
harnesses. Volex has design and manufacturing facilities located
across the globe, enabling flexibility in meeting customers' delivery
timetables and price targets. www.volex.com.
Applied Micro Circuits Corporation is a global
leader in computing and connectivity solutions for next-generation
cloud infrastructure and data centers. AppliedMicro delivers silicon
solutions that dramatically lower total cost of ownership. Corporate
headquarters are located in Sunnyvale, California. www.apm.com.
Certain statements in this announcement are forward-looking
statements which are based on Volex's and AppliedMicro's
expectations, intentions and projections regarding their respective
future operating performance and objectives, anticipated events or
trends and other matters that are not historical facts.
Forward-looking statements are sometimes, but not always, identified
by their use of a date in the future or such words as 'anticipates',
'aims', 'could', 'may', 'should', 'expects', 'believes', 'intends',
'plans', 'targets', 'goal' or 'estimates'. By their very nature
forward-looking statements are inherently unpredictable, speculative
and involve risk and uncertainty because they relate to events and
depend on circumstances that will occur in the future. There are a
number of factors that could cause actual results and developments to
differ materially from those expressed or implied by these
forward-looking statements. Given these risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements. Forward-looking statements speak only as
of the date of such statements and, except as required by applicable
law, Volex and AppliedMicro undertake no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
Applied Micro Circuits Corporation, AMCC, AppliedMicro and the
AppliedMicro logo are trademarks or registered trademarks of Applied
Micro Circuits Corporation.
For more information, please contact:
Orr & Company
Group Chief Executive
+44 20 3370 8830
Group Finance Director
+44 20 3370 8830
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