Centillium Communications to Acquire Avio Digital, a Leading Developer of Home Networking Systems; Centillium Jump Starts Development of Home Gateway Products Through Acquisition.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--June 29, 2000 Centillium Communications, Inc. (Nasdaq:CTLM CTLM Imaging Computed tomography laser mammography A diagnostic technique using lasers to produce a 3-D cross-sectional image of the breast without x-rays. See Mammography. ) today announced that it has signed a definitive agreement to purchase Avio Digital, a company focused on creating home networking technology. The engineering staff of Avio Digital will be joining the staff of Centillium Communications. Avio Digital's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , MediaWire(TM), is an integrated digital architecture for the home that will allow consumers to connect and share entertainment, computing, broadband Internet See broadband. , telephony and home control throughout the entire home, over a wide variety of commonly available wiring. MediaWire home networking technology makes use of a common connection, including coax, Cat 5 or Cat 3 telephone wiring See twisted pair. , to share 100 Mbps of audio, video, telephony, computer data and home control information throughout the house. This unique approach will provide cost-effective access to entertainment, information, and communications -- anytime, anywhere -- regardless of format, source or location. "The acquisition of Avio Digital demonstrates Centillium's intention to be a formidable competitor in the home networking market worldwide," said Faraj Aalaei, 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 Centillium Communications. "Integrating Avio Digital's capabilities in home networking with our expertise in broadband communications technologies provides Centillium with a powerful platform to address the rapidly growing residential and business gateway marketplace." "The combination of Avio Digital's extensive experience in home networking hardware development and Centillium's business and technical strengths in broadband communications will create unique, world-class solutions for the rapidly growing home networking product arena," said Eugene van Bergen, Avio Digital's president and CEO. About Avio Digital Systems An independent start-up based in San Carlos, Calif., Avio Digital is funded by seed investments from Vulcan Ventures Inc., the investment organization of Paul G. Allen. More information on Avio Digital and MediaWire may be found at the company's web site at www.aviodigital.com About Centillium Communications Centillium Communications, Inc. is combining technical innovation and customer commitment to make broadband communications a mass-market reality. Centillium consistently delivers value to its customers by providing broadband networking systems for applications across all market segments. The company designs and markets communications chipset solutions for central office equipment, DLC (1) (Data Link Control) See data link and OSI. (2) (Data Link Control) The data link layer protocol (layer 2) that is used in IBM's SNA networking. See SNA, data link protocol and Microsoft DLC. line cards, and customer premise equipment for Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (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 ), home networking and Voice-over-Packet. Centillium Communications, Inc. is located at 47211 Lakeview Blvd., Fremont, CA 94538. Additional information is available at www.centillium.com Forward Looking Statements Except for historical information contained in this press release, the foregoing contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements based on a variety of risks and uncertainties, including the risks and uncertainties relating to actual quantities and timing of any orders received under the contract and the successful development and market acceptance of Centillium's new products. Information about potential factors that could affect Centillium's financial results is included in Centillium's prospectus and will be included in Centillium's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , which will be filed with the Securities and Exchange Commission. Note to Editors: All other products or service names mentioned herein are the property of their respective owners. |
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