Gennum Closes Sale of Consumer Headset Product Line to CellPoint.BURLINGTON, Ontario Burlington (2006 population 164,415) is a city located in the Golden Horseshoe, across Lake Ontario and Burlington Bay harbour from Hamilton, in Halton Region, Ontario, Canada. -- Gennum Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GND GND Ground GND GIG (Global Information Grid) Network Defense GND System Ground GND Circuit Reference (Zero) Voltage Level GND St Georges/Grenada, Grenada - Pt Saline (Airport Code) ) today announced that it has closed the previously announced sale of its consumer headset product line to CellPoint Connect AB, a leading provider of wired and Bluetooth[R] enabled wireless headsets/earphones. The sale is part of Gennum's strategy to streamline its product line in order to focus on its high-speed mixed signal products for the video and 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. market. Gennum's consumer headset line includes the nXZEN[TM] and nX 6000[TM] products, all incorporating Bluetooth technology. CellPoint currently offers the Flamingo line of headsets and is set to launch a new lifestyle brand "Happy Ear." Gennum and CellPoint reached a definitive agreement for the sale on August 9, 2007. About Gennum Gennum Corporation (TSX:GND) is a leading designer and manufacturer of semiconductor solutions for the global video, data communications and audio markets. A winner of a Technical Emmy[R] award for advances in high definition (HD) broadcasting, Gennum's broad portfolio of products and technologies include image processors, video timing and transport products, ICs for optical transceivers, backplane interconnects and low power digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). (DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive ) solutions. Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Japan, Korea, Taiwan and the United Kingdom. www.gennum.com About CellPoint Connect AB CellPoint Connect AB is a publicly listed Swedish company (www.aktietorget.se; CPNT CPNT Component CPNT Clubul pentru Protectia Naturii si Turism (Romanian: Nature Protection and Tourism Club; Brasov, Romania) CPNT Calcium Phosphate Nanoclusters Technology ) with headquarters in Copenhagen, Denmark and offices in Oslo, Stockholm, Miami and Shenzen, China. The company designs, develops, manufactures and markets wired and Bluetooth[R] enabled wireless headsets/earphones. See www.cellpoint.com. Disclaimer This document may contain forward-looking statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Gennum's goals, strategies, financial condition and results as well as the environment in which Gennum operates, investments, and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. in which Gennum is involved, which may involve estimates, forecasts and projections. Forward-looking statements may include words such as "plans", "intends", "anticipates", "should", "estimates", "expects", "believes" and similar expressions. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and/or are beyond Gennum's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in Gennum's public filings. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Gennum disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Gennum, the Gennum logo are registered trademarks of Gennum Corporation. All other product or service names are the property of their respective owners. Gennum Corporation, 2007. |
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