Actel opens 56,000 sq. ft. facility.SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 26, 1995--Actel Corp. officially opened a 56,000 sq. ft. facility in Sunnyvale, marking the event with a ribbon cutting ceremony A ribbon cutting ceremony is a public ceremony conducted to inaugurate the opening to the general public of a new building or business. Often, it is conducted in just the manner the name suggests: by tying a ceremonial ribbon across the main entrance of the building, which and catered lunch for all of the company's 300 employees. Actel is a leading supplier of antifuse field programmable gate arrays and associated software development systems and tools. The company will surpass the $100 million revenue mark in 1995 up from $76 million. The newly-opened building, the third on Actel's corporate campus, will house the company's marketing, sales and finance groups and an expanded 2,200 sq. ft. corporate physical fitness center, complete with locker rooms and showers. The third building faces Stewart Avenue between Santa Trinita The church of Santa Trinita ("Holy Trinity") is a church in central Florence, Italy. It is the mother church of the Vallumbrosan Order of monks founded in 1092 by a Florentine nobleman. Nearby is the famous Ponte Santa Trinita over the river Arno. Street and Commercial Street. "While the addition marks a milestone for Actel, it was reached by following our long range corporate growth plan. Both the semiconductor industry as a whole and the programmable logic See PLD. sector have grown at a robust pace. Naturally, the pace requires more people, more equipment and more room," said John East, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Actel Corp. "We're very pleased that Actel's growth translates into more jobs and occupied office space for Sunnyvale and Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. County," East went on to say. Actel announced record net revenues of $26.6 million for the second quarter of 1995, compared with net revenues of $18.9 million in the second quarter of 1994 and net revenues of $19.5 million in the first quarter of 1995. "Last year at this time, we employed 268 people. Today we count 308 employees and expect that number to increase to 320 by year end," said Shelly Begun, vice president, Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . "Right now I have 60 jobs open at all levels and in all departments of the company." Marketing and sales staff moved into the building, which is still undergoing interior design work, in early August. Finance is expected to move early in Q4. Actel is renovating its original two buildings to accommodate a test facility that will more than double in size and capacity and accommodate an expanded technology development and engineering group. About Actel Actel Corp. is dedicated to providing logic designers with the capability and confidence to move up to higher complexity designs. Actel is the world's leading manufacturer of antifuse-based field programmable gate arrays (FPGAs) and associated software development tools. Actel's antifuse architecture offers designers the best combination of price and in-system performance, as well as better gate utilization and high level design efficiencies, all resulting in lower development costs and faster time to market. FPGAs are used worldwide in voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , computing, medical, industrial control, and military/aerospace applications. Actel is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on market under the symbol ACTL ACTL American College of Trial Lawyers (Irvine, California) ACTL Access Carrier Terminal Location ACTL Activation Library ACTL Automated Compatibility Test Laboratory ACTL Association Cultural Turkey-Luxembourg and is located at 955 E. Arques Avenue, Sunnyvale, CA 94086. Telephone is 408/739-1010. Internet: http://www.actel.com. CONTACT: Actel Corp. Chuck Byers, 408/522-4598 |
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