Altec Lansing and STMicroelectronics Announce Strategic Partnership -- Co-operation establishes technical center for research and development.KFAR SABA Kfar Saba (Hebrew: כפר סבא) ("Grandfather's Village" or Saba's Village"), also Kefar Sava, is a city in the Sharon area, Center District of Israel in Israel. , Israel--(BUSINESS WIRE)--April 14, 1999-- Altec Lansing Technologies, Inc. and STMicroelectronics today announced an innovative strategic partnership establishing the ALST ALST Aboriginal Legal Services of Toronto (Canada) ALST Assistant Life Support Technician ALST All Stations Technical Excellence Center in Kfar Saba, Israel. Scheduled to be fully operational next month, the Center will develop joint technologies and systems solutions for the computer, consumer and communications technology markets. Projects will include the development of architecture, silicon, software and firmware to be incorporated into Altec Lansing and ST products. The Center will function under the direction of a steering committee comprised of four representatives from each company. A formal press conference and opening ceremony will be held today at the Tel Aviv Intercontinental Hotel in Tel Aviv, Israel. Technology journalists and invited participants are scheduled to attend. Initially, the ALST Technical Excellence Center will study solutions for a variety of audio related applications, including enhanced multimedia speaker systems, DSP-based speakers for audio processing, RF solutions for high-quality audio networking and voice recognition systems for both home control and business PC systems. In the future, this work may extend to other fields broadly related to audio treatment but involving all aspects of the system, including radio frequency front ends, DSP-based processing and power amplification. "Altec Lansing is proud to partner with STMicroelectronics on this revolutionary center for computer technology research and development," said Edward Anchel, 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. of Altec Lansing Technologies, Inc. "As established leaders in the technology arena, Altec Lansing and ST will work hand in hand to develop and produce innovative technologies for next millennium products. As established leaders in audio technology, we look forward to delivering a new generation of audio and communications solutions." "This strategic agreement between STMicroelectronics and Altec Lansing will bring significant benefits to consumer multimedia sound systems and productivity enhancing corporate audio applications because the parallel development of system and silicon minimizes the overall time-to-market for advanced solutions," commented Aldo Romano, General Manager of ST's Telecommunication and Peripheral/ Automotive Groups. "The ALST Technical Excellence Center will also reinforce our leadership position in the field of audio integrated circuits, a traditional strength of our Company since the 1960s." Altec Lansing Technologies, Inc. Altec Lansing Technologies, Inc., based in Milford, PA, USA, is a recognized leading designer, developer and manufacturer of high performance speaker systems that deliver high quality, high fidelity audio output for personal computers. The company employs about 1000 people worldwide. In addition to the company's headquarters, Altec Lansing has offices in Walnut Creek, CA, Austin, TX, Seattle, WA, Houston, TX, Cary, NC, Hong Kong, Tokyo, a manufacturing facility in The People's Republic of China and an advanced Research and Development Center in Kfar Saba, Israel. STMicroelectronics STMicroelectronics (formerly SGS-THOMSON Microelectronics) is a global independent semiconductor company with strong European roots, whose shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange :STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ), the Bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. de Paris, and on the Milan Stock Exchange Milan Stock ExchangeThe largest regional stock exchange in Italy, facilitating more than 90% of the country's trading volume. . It designs, develops, manufactures, and markets a broad range of semiconductor integrated circuits (ICs) and discrete devices used in a wide variety of microelectronics applications, including telecommunications systems, computer systems, consumer products, automotive products, and industrial automation and control systems. ST brings to the partnership an unusually broad range of basic semiconductor technologies, including RF ICs, submicron 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. and mixed analog/digital technologies. The company is also known for its strength in audio & video compression, embedded DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive cores and high performance embedded A/D A/D See advance-decline line (A/D). and D/A converters. Further information on ST can be found at www.st.com |
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