CHENNAI, India and IRVINE, Calif., Oct. 3, 2007 (PRIME NEWSWIRE) -- Redington India Ltd. (NSE:REDINGTON), a leading distributor of IT products in India, and Microsemi Corporation (Nasdaq:MSCC), a leading manufacturer of high-performance analog mixed-signal integrated circuits and high-reliability semiconductors, today announced that Redington will distribute Microsemi's PowerDsine(r) family of power over ethernet (PoE) midspan products.
Microsemi's PowerDsine midspan systems allow the delivery of standard-compliant PoE to devices such as IP phones, wireless access points and network cameras without the cost and disruption of upgrading the entire data networking infrastructure.
Redington will initially sell Microsemi's PowerDsine products in India, yet both companies are considering expansion of the agreement to additional regions, such as the Middle East and Africa. The agreement with Redington will enable Microsemi to expand and enhance its PowerDsine customer service offering in India while meeting growing demand for its PoE products in the region.
"Signing Redington as a national distributor in India will enable us to stock, sell and support our products throughout this important and fast-growing region," said Yuval Barnea, vice president of the Systems Business for Microsemi.
"We hope to continue our global success, with more than 30 million PoE ports shipped to date," said Vikas Pinjarkar, Microsemi's India Sales Manager. "Redington not only provides Microsemi with an exceptionally strong channel sales partner, but also extends to our customers in India a premier service, logistics and support infrastructure."
"We are excited to be adding Microsemi's industry-leading PowerDsine PoE midspan products to our portfolio," said Anand Chakravarthy, head of Redington's Networking Strategic Business Unit. "Microsemi's PowerDsine brand includes a number of industry-leading products for this rapidly growing market, and nicely complements our growing roster of offerings."
About Power over Ethernet Technology
PoE is a technology for wired Ethernet, the most widely installed local area network technology in use today. PoE allows the electrical power necessary for the operation of each end-device to be carried by data cables, rather than by separate power cords. It minimizes the number of wires used to install the network, resulting in lower cost, less downtime, easier maintenance and greater installation flexibility. The technology was pioneered by PowerDsine, a founding member of the IEEE 802.3af Task Force. The company was acquired by Microsemi Corporation in January 2007 and is now part of Microsemi's new Analog Mixed Signal Group.
Microsemi offers a broad family of PowerDsine IEEE 802.3af-standard-compliant products including the 6500 and 3000 PoE Midspan families, as well as the 6000G (Gigabit) and 8000 (High Power) Midspans, which offer a highly cost-effective and reliable means for upgrading the network to PoE without replacing existing Ethernet switches. Many applications require consolidated power and data, including voice over internet protocol (VoIP), Wireless LAN and Bluetooth access points, and IP security and network cameras, as well as emerging applications such as aerospace/defense, commercial air and national security systems. In May, Microsemi introduced its 7001G, a new pre-standard IEEE 802.3at one-port with over 30W gigabit Power over Ethernet (PoE), supporting gigabit video phones, pan-tilt-zoom and dome cameras, WiMax transmitters or 802.11n access points.
About Microsemi Corporation
Microsemi is a leading designer, manufacturer and marketer of high performance analog and mixed signal integrated circuits and high reliability semiconductors. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.
Microsemi's products include individual components as well as integrated circuit solutions that enhance customer designs by improving performance and reliability, optimizing battery performance, reducing size or protecting circuits. The principal markets the company serves include implantable medical, defense/aerospace and satellite, notebook computers, monitors and LCD TVs, and automotive and mobile connectivity applications. More information may be obtained by contacting the company directly or by visiting its web site at http://www.microsemi.com.
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About Redington India Ltd.
Redington through its subsidiaries distributes products from over 40 Leading manufacturers, services over 12,000 channel partners in India and more than 2800 channel partners in the Middle East and Africa. The company is the second largest distributor of IT products in India and the largest in the Middle East and Africa. Since launching its IT product distribution business in 1993, the Company has successfully transformed itself into a leading integrated Supply Chain Solution Provider that includes non-IT products, as well, and manages more than 4,000 stocking units of inventory. Additional information is available by contacting the company directly or by visiting its web site at http://www.redingtonindia.com/.
PLEASE READ THE FOLLOWING FACTORS THAT CAN MATERIALLY AFFECT MICROSEMI'S FUTURE RESULTS.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in the news release that are not entirely historical and factual in nature are forward-looking statements. For instance, all statements of belief and all statements about plans or expectations are forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. The potential risks and uncertainties include, but are not limited to, such factors as changes in generally accepted accounting principles, the difficulties regarding the making of estimates and projections, the hiring and retention of qualified personnel in a competitive labor market, acquiring, managing and integrating new operations, businesses or assets, uncertainty as to the future profitability of acquired businesses, delays in the realization of any accretion from acquisition transactions, any circumstances that adversely impact the end markets of acquired businesses, difficulties in closing or disposing of operations or assets, difficulties in transferring work from one plant to another, rapidly changing technology and product obsolescence, difficulties predicting the timing and amount of plant closure costs, the potential inability to realize cost savings or productivity gains and to improve capacity utilization, potential cost increases, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets including the challenging conditions in our analog / mixed-signal markets, results of in-process or planned development or marketing and promotional campaigns, changes in demand for products, difficulties foreseeing future demand, effects of limited visibility of future sales, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, business disruptions, epidemics, health advisories, disasters, national emergencies, wars or potential future effects of the tragic events of September 11, 2001, variations in customer order preferences, fluctuations in market prices of the company's common stock and potential unavailability of additional capital on favorable terms, difficulties in implementing company strategies, dealing with environmental or other regulatory matters or litigation, or any matters involving litigation, contingent liabilities or other claims, difficulties and costs imposed by law, including under the Sarbanes-Oxley Act of 2002, difficulties in determining the scope of, and procuring and maintaining, adequate insurance coverage, difficulties, and costs, of protecting patents and other proprietary rights, work stoppages, labor issues, inventory obsolescence and difficulties regarding customer qualification of products, manufacturing facilities and processes, and other difficulties managing consolidation or growth, including in the maintenance of internal controls, the implementation of information systems, and the training of personnel. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors shall be identified from time to time in Microsemi's future filings. Microsemi does not undertake to supplement or correct any information in this release that is or becomes incorrect.
Investor Inquiries: David R. Sonksen, Microsemi Corporation, Irvine, CA (949) 221-7101.