Corrent Receives Prestigious FSA Fabless Start-Ups to Watch Award; Corrent Selected From More Than 20 Other Start-Up Candidates.Business Editors/High-Tech Writers TEMPE, Ariz.--(BUSINESS WIRE)--Dec. 9, 2002 Corrent Corporation today announced it was selected by the Fabless Semiconductor Association (FSA FSA Financial Services Authority FSA Food Standards Agency (UK) FSA Farm Service Agency (USDA) FSA Financial Services Agency (Japan) ) to receive the prestigious 2002 Fabless Start-Ups to Watch Award. The honor was awarded to just four companies out of more than 20 candidates on December 5th at the private Start-Ups to Watch Reception in Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , CA. The FSA Venture Capital Advisory Board selected start-ups of the year, recognizing companies that performed well in the areas of innovation, growth, market opportunity and capitalization while boasting sound management teams and strategic partners. "This award was designed to recognize the successes of companies during their critical start-up cycle," said Jodi Shelton, Executive Director and Co-Founder of FSA. "Corrent was selected one of the FSA's 2002 Start-Ups to Watch because of the consistent innovation and contribution it has brought to the industry. We are pleased to count Corrent among our members and look forward to seeing how the company continues to develop in the future." FSA's VC Advisory Board members and the 2001 award winners presented the 2002 awards. The reception was also attended by the 2002 finalists, which include Anadigm Inc., Aristos Logic Corporation, Azanda Network Devices, Cavium Networks Cavium Networks is a Mountain View, California-based company specializing in MIPS-based network and security processors. Cavium Networks offers processor and board level solutions targeting Routers, Switches, Appliances, Storage and Servers. , eSilicon Corporation, Helic S. A., iWatt, Inc., Santel Networks, Silverback Systems and Trebia Networks, Inc. "We are extremely honored to have been named one of the top start-ups in the industry," said Richard Takahashi, Corrent 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. . "It's a vote of confidence that shows our company has the right products and management to be successful." For more information about Corrent's Fabless Start-Ups to Watch Award selection or any of Corrent's security solutions please visit www.corrent.com or contact the company directly at 480/648-2300. About Corrent Corporation Corrent Corporation is a semiconductor and system solutions company providing high-speed Internet See broadband. security. Corrent's scalable, channelized Refers to an architecture that transmits data in channels. It often refers to the 64 Kbps channels in T1 lines, which were originally developed to handle digitized voice streams (TDM). See TDM. , high-performance architecture products perform encryption at the fastest data rates in the industry -- doubling the performance of existing solutions. Advanced design techniques for silicon, boards, and software deliver a complete sub-system solution to designers of existing and future OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and products, while providing ease of integration and time-to-market advantages. Corrent's products are designed for use in edge access networking equipment such as routers, switches, servers, access concentrators, and dedicated IP-services appliances. For more information visit www.corrent.com. About the Fabless Semiconductor Association: In 1994, industry leaders incorporated FSA (www.fsa.org) to achieve a more optimal balance between wafer demand and capacity. Its corporate members represent fabless companies Fabless Company The Fabless Semiconductor Association (FSA) defines fabless as follows: Fabless (without fab) refers to the business methodology of outsourcing the manufacturing of silicon wafers, which hundreds of semiconductor companies have adopted. , integrated device manufacturers See IDM. , foundry providers, packaging/assembly houses, electronic design automation companies, investment bankers, intellectual property providers and other companies. The organization encourages the relationship between fabless companies and suppliers; facilitates business partnerships; creates awareness of the outsourcing business model; disseminates relevant data; and fosters standards and policies. The FSA's vision is that by 2010 half of all 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 revenue will come from outsourced operations. All trademarks or registered trademarks are property of their respective companies. |
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