CP Clare Corporation Unveils New Corporate Identity; Company Embarks on Exciting New Chapter as Clare.Business/Technology Editors BEVERLY, Mass.--(BUSINESS WIRE)--March 27, 2000 Today marks the unveiling of CP Clare's (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 :CPCL CPCL Chennai Petroleum Corporation Limited CPCL Computer Program Change Library CPCL Computer Program Control Library CPCL Component Prioritized Collection List ) new name and corporate identity. Reflecting the Company's renewed focus on delivering innovative silicon solutions to enable next-generation communications technologies, CP Clare Corporation has embarked on an exciting new chapter as Clare. The new name, which reflects Clare's focus on the future, while building upon the Company's 60-year legacy of quality and service, was announced today to the Company's employees, sales channel and strategic partners worldwide. The Company plans to legally change the name to Clare, Inc. following the annual meeting in September. This new corporate identity initiative also includes Clare's two divisions - Clare Micronix and Clare Switch. These names reflect the important roles these businesses play within the total Clare story as well as their unique missions. Clare Micronix, based in Aliso Viejo, California Aliso Viejo is a city in Orange County, California, United States. As of the 2000 census, Aliso Viejo population was 40,166. Aliso Viejo became Orange County's 34th city on July 1, 2001, and has been the only city in Orange County to incorporate since 2000. , designs and manufactures application specific 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. (ASICs) for a variety of applications in data and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. markets. Clare Switch, based in St. Louis, Missouri, is a highly profitable supplier of switching solutions for cellular phones and laptop computers as well as numerous other communications and industrial applications. Moving forward, Clare will increase its focus on providing analog and mixed-signal semiconductor solutions for the "Network Edge," the interface between communications media and the Internet. In 2000, the Company will focus on developing innovative integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for (IC) solutions capable of dominating target niches in emerging communications market segments such as home networking, DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary and next generation Line Cards. To do this, Clare will capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its unique expertise in both high-voltage analog and mixed-signal design technologies and its history of successfully addressing the challenges of telephone line interface and barrier technology. This expertise positions Clare to deliver the key IC building blocks that equipment manufacturers need to meet growing market demands for communications devices that deliver increased bandwidth with less power, less space and total lower cost. Clare also announced a new tagline, "Micro Chips. Macro Solutions." This tagline clearly conveys the Company's focus on delivering semiconductor solutions for network edge communication applications. About Clare Clare is a leader in the design and manufacture of high-voltage analog circuits. The Company's products enable communications by providing the critical interface between high-voltage electrical signals and the low-voltage electronics that process those signals. Leading manufacturers of 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. , telecommunications, and industrial equipment around the world rely on Clare for semiconductors and specialized electronic components. Clare trades on the NASDAQ exchange under the symbol CPCL. Additional information about Clare can be found at www.clare.com. All references to new product development and corporate vision are forward-looking statements as defined under the federal securities laws. Actual results may differ from information set forth herein and in no way guarantee anticipated future results. CP Clare Corporation d/b/a Clare. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion