GPU Energy business enhancement incentives lead the way for expansion of ANADIGICS facilities, increased employment and economic growth.MORRISTOWN, N.J.--(BUSINESS WIRE)--Sept. 12, 1996--ANADIGICS, 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. (GaAs) 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 in the cable television, satellite television, fiber optic 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, has selected a site in Warren Township Warren Township may refer to:
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The company selected the site after qualifying for GPU GPU: see secret police. (Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering. Energy Business Enhancement Incentives. Working with GPU Energy's economic development department, ANADIGICS was also able to qualify for a New Jersey Business Employment Improvement Program grant which will provide additional funding to assist in underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. the project. The ANADIGICS expansion would revive a 131,000 square foot office and manufacturing space, create more than 250 high skilled, high technology jobs and foster economic growth in the region. "Our ability to provide economic development incentives played a vital role in ANADIGICS' decision to expand and remain in Warren Township," said Dennis Baldassari, GPU Energy president. "Partnering with ANADIGICS and state officials we have accomplished a great deal. We are pleased to have served as a catalyst for this project." "Expanding our facilities is essential to fulfill our corporate goal of being the worldwide supplier of radio frequency and microwave solutions using gallium arsenide (GaAs) integrated circuits," said ANADIGICS president Ronald Rosenzweig. "This expansion project enables us to achieve our goal through the end of this decade. GPU Energy and New Jersey were instrumental in making this expansion a reality." GPU Energy's Business Enhancement Incentives were developed to assist businesses interested in relocating or expanding facilities in the GPU Energy New Jersey service area. ANADIGICS will receive the Expansion and Relocation and Target Industries Incentives. Target industries, as identified in the New Jersey Economic Master Plan, include manufacturing, pharmaceutical, biotechnological, electronics, data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a and telecommunications. "ANADIGICS is clearly a leading edge, high technology company whose growth undoubtedly captured the attention of several other states," Baldassari noted. "There is no doubt that our ability to offer more than routine energy services helped make ANADIGICS' expansion in New Jersey possible." EDITORS NOTE: ANADIGICS will hold a ground breaking ceremony Ground Breaking Ceremony is Himsa's first album. It was released on the 2nd of November 1999 through Prosthetic Records. Track listing
CONTACT: GPU Energy, Morristown Ronald T. Morano, 201/644-4297 |
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