Silicon Laboratories : Silicon Labs Completes Acquisition of Ember
07/09/2012| 08:10am US/Eastern
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Company Adds Low-Power 2.4 GHz Wireless Mesh Networking Technology
Silicon
Laboratories Inc. (Nasdaq: SLAB), a leader in high-performance,
analog-intensive, mixed-signal ICs, today announced it has completed the
acquisition of Ember
Corporation. This strategic acquisition brings Silicon Labs the
technology and software expertise required to enable the low-power mesh
sensor networks being deployed today in a wide range of residential,
commercial and industrial applications.
Ember is a pioneer in the market for 802.15.4 ZigBee®
solutions. The company's products integrate high-performance, low-power
2.4 GHz wireless ICs with reliable and scalable software into a flexible
and robust networking platform. The Ember portfolio complements Silicon
Labs' products, and the combination brings together microcontroller
(MCU), power and isolation technology, sensors, and both sub-GHz and 2.4
GHz wireless radios into a comprehensive portfolio of highly integrated
solutions for embedded systems.
Ember is expected to contribute approximately $10-$12 million in revenue
in the second half of 2012 and to be accretive on a non-GAAP basis in
2013.
About Silicon Laboratories Inc.
Silicon Laboratories is an industry leader in the innovation of
high-performance, analog-intensive, mixed-signal ICs. Developed by a
world-class engineering team with unsurpassed expertise in mixed-signal
design, Silicon Labs' diverse portfolio of patented semiconductor
solutions offers customers significant advantages in performance, size
and power consumption. For more information about Silicon Labs, please
visit www.silabs.com.
Cautionary Language
This press release contains forward-looking statements based on Silicon
Laboratories' current expectations. The words "believe," "estimate,"
"expect," "intend," "anticipate," "plan," "project," "will,"
"expanding," "growing," and similar phrases as they relate to Silicon
Laboratories or Ember are intended to identify such forward-looking
statements. These forward-looking statements reflect the current views
and assumptions of Silicon Laboratories and are subject to various risks
and uncertainties that could cause actual results to differ materially
from expectations. Among the factors that could cause actual results to
differ materially from those in the forward-looking statements are the
following: risks related to the successful completion of the development
and implementation of Ember's technology, risks that the acquisition may
not yield the expected benefits due to the failure to properly integrate
the acquired business and employees; risks that the acquired business'
products and processes under development may fail to achieve market
acceptance; risks of disputes regarding the acquired business and
intellectual property; risks that the performance of Silicon
Laboratories' existing business may not offset the dilutive effects of
the acquisition; risks associated with the competitive and cyclical
nature of the semiconductor industry and other factors that are detailed
in Silicon Laboratories' filings with the SEC. Silicon Laboratories
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Note to editors: Silicon Laboratories, Silicon Labs and the Silicon
Labs logo are trademarks of Silicon Laboratories Inc. All other product
names noted herein may be trademarks of their respective holders.
Silicon Laboratories Inc.
Shannon Pleasant, 512-464-9254
shannon.pleasant@silabs.com
© Business Wire 2012
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