SAN DIEGO, Feb. 25, 2008 (PRIME NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon solutions to enable connected home entertainment, announced today that it has relocated its corporate headquarters to 6290 Sequence Drive in San Diego, California.
Entropic's new headquarters include 90,000 square feet of research and development and office space to accommodate the rapidly growing company. The company is consolidating its two San Diego locations into the new headquarters facility.
"We are excited to open our new headquarters and enter a new phase in Entropic's development," said Patrick Henry, CEO of Entropic Communications. "The building is ideally located in the heart of San Diego County and the merging of our two existing offices will allow us to increase productivity and align our efforts for company-wide initiatives across all departments."
As of today, Entropic's new address is:
Entropic Communications, Inc. 6290 Sequence Drive San Diego CA 92121 Phone: 858-768-3600 Fax: 858-768-3601
About Entropic Communications
Entropic Communications, Inc. is a leading fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The company's technologies significantly change the way high-definition television-quality video and other multimedia content such as movies, music, games and photos are brought into and delivered throughout the home. For more information please visit: www.entropic.com.
The Entropic Communications logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4255
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding Entropic's growth and the anticipated effects of its facilities consolidation. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Entropic's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, the effects of competition; Entropic's dependence on a limited number of customers and ultimately service providers; Entropic's ability to introduce new and enhanced products on a timely basis; the risk that the market for high-definition television-quality video and other multimedia content delivery solutions based on the MoCA standard may not develop as anticipated; the effect of intellectual property rights claims; risks related to Entropic's international operations; and other factors discussed in the "Risk Factors" section of Entropic's final prospectus filed with the SEC on December 6, 2007. All forward-looking statements are qualified in their entirety by this cautionary statement. Entropic is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.