Alliance Semiconductor Exclusively Licenses API Networks' HyperTransport Technology.Business Editors & High Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--April 18, 2002 Alliance Semiconductor Corporation (Nasdaq:ALSC ALSC Association for Library Service to Children ALSC Adirondack Lakes Survey Corporation ALSC Afloat Logistics and Sealift Capability ALSC American Lumber Standards Committee, Inc. ALSC Advanced Logistics Systems Center (AFMC) ) ("Alliance") today announced that it has taken an exclusive license to the HyperTransport(TM) technology developed by API NetWorks, Inc. ("API"). API is a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. and the leader in the development of high-speed HyperTransport I/O (Input/Output) The transfer of data between the CPU and a peripheral device. Every transfer is an output from one device and an input to another. See PC input/output. I/O - Input/Output interconnect components for performance and bandwidth-intensive embedded applications. API currently offers a family of HyperTransport to PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). bridges and switches. Alliance's exclusive license of the HyperTransport technology from API will allow it to be the sole source for API's current products, to develop new HyperTransport products, and to sublicense third parties to use and develop HyperTransport products. Alliance is also acquiring the existing sublicenses previously granted by API, including royalties from those sublicenses. Closing of the transaction is subject to certain due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and securing of certain third party license agreements. Additionally, Alliance Ventures, the investment arm of Alliance, has transferred its majority of interest in SiPackets, Inc. ("SiPackets") to Alliance, which will allow Alliance to manage the newly acquired rights to the HyperTransport technology. SiPackets will assimilate the API products and drive the product roadmap of HyperTransport based bridge and switch products. Existing API customers are expected to be immediately supported by SiPackets. Alliance intends to operate SiPackets as a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. . Alliance Chairman, 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. , N.D. Reddy said, "The licensing of API Networks' products and technology, along with API customers and licenses, is the next major step towards Alliance's goal of expansion beyond our core memory business. These additions will continue to build on our growth plan put in place last year. I am very excited about future product possibilities from SiPackets for the embedded market. "By complementing its product portfolio with API's family of HyperTransport based bridges and switches, SiPackets will expand the possibilities for today's system architects and designers by providing them design options based on HyperTransport, PCI and popular networking and interconnect technologies never possible before." Mr. Reddy concluded. "HyperTransport" is a trademark of the HyperTransport Technology Consortium. Additional information can be found on its website: www.hypertransport.org. Company Information Alliance Semiconductor Corporation is a leading worldwide supplier of high performance memory and memory intensive logic products. Alliance's product lines include Static Random Access Memory Static random access memory (SRAM) is a type of semiconductor memory. The word "static" indicates that the memory retains its contents as long as power remains applied, unlike dynamic RAM (DRAM) that needs to be periodically refreshed (nevertheless, SRAM should not be confused with (SRAM See static RAM. SRAM - static random-access memory ), Dynamic Random Access Memory Dynamic random access memory (DRAM) is a type of random access memory that stores each bit of data in a separate capacitor within an integrated circuit. Since real capacitors leak charge, the information eventually fades unless the capacitor charge is refreshed periodically. (DRAM), and embedded memory and logic products. Alliance designs, develops and markets its products to the networking, telecommunication, instrumentation, consumer and computing markets. Alliance develops and manufactures its products through independent manufacturing facilities, using advanced CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. process technologies with line widths as narrow as 0.13 um. The Company, through its venture arm Alliance Venture Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , invests in five venture funds. Alliance Ventures I, LP focuses on investing in networking and communication start-up companies, Alliance Ventures II, LP focuses on investing in internet start-up ventures, Alliance Ventures III, LP, focuses on emerging companies in the networking and communication market areas, Alliance Ventures IV, LP, focuses on semiconductor companies and Alliance Ventures V, LP, focuses on infrastructure companies. Alliance was founded in 1985. Additional Company information can be found on its home page: www.alsc.com. Forward Looking Statements Except for historical information, the above statements of this press release (including, without limitation, expressions of expectation, belief, anticipation or estimation of the Company or its management) are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward looking statements. These risks and uncertainties include such factors, among others, failure to close the API license agreement; failure to successfully to integrate SiPackets's staff, products, or technology; its inability integrate and use the HyperTransport technology licensed from API; and the risk factors listed under Item 1: Business and Item 7: Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations in the Company's Form 10-K for the fiscal year ended March 31, 2001 which has been filed with the Securities and Exchange Commission, and which is available through the Company's home page, www.alsc.com. These forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or to reflect any change in events, conditions or circumstances on which any such forward-looking statement is based, in whole or in part. |
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