Anadigics, Inc. announces signing of lease for new building.WARREN, N.J.--(BUSINESS WIRE)--April 29, 1996--ANADIGICS, Inc. (Nasdaq: ANAD ANAD Anorexia Nervosa and Associated Disorders ANAD National Association of Anorexia Nervosa and Associated Disorders ANAD Anniston Army Depot ANAD Asociación Nacional de Abogados Democráticos (National Association of Democratic Lawyers, Mexico) ) today announced it signed a lease on April 26, 1996 for 131,000 square feet of office and manufacturing space at 141 Mt. Bethel Bethel, in the Bible Bethel (bĕth`əl) [Heb.,=house of God]. 1 Ancient city of central Palestine, the modern Baytin, the West Bank, N of Jerusalem. Road, Warren, New Jersey which will be refurbished to ANADIGICS' specifications. The new site is adjacent to the company's headquarters location. The lease term will run through the year 2016 with two consecutive 10 year extension options. Approximately 70,000 square feet is currently expected to be devoted to manufacturing, including space suitable for the construction of a cleanroom. The space should be ready for office occupancy in early 1997 with manufacturing occupancy phased in through 1998. ANADIGICS, Inc. is a leading supplier of gallium arsenide An alloy of gallium and arsenic compound (GaAs) that is used as the base material for chips. Several times faster than silicon, it is used in high frequency applications such as cellphones, DVD players and fiber optics. integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. used to receive and transmit radio and microwave frequency signals in a variety of high-volume consumer communications applications. The Company primarily focuses on supplying to the cable television, direct broadcast satellite television, fiber optic telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , and wireless communication markets. ANADIGICS's objective is to be the leading supplier of RF/microwave solutions using GaAs integrated circuits. http://www.anadigics.com/anadigics CONTACT: John Lyons John Lyons may refer to:
Chief Financial Officer 908-412-5972 or Michele Katz/Jessica Davis/Jason Langer Press: Lee Foley/Gina Gardner Morgen-Walke Associates, Inc. 212-850-5600 |
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