NETsilicon Expands Presence in Southeast Asia;
Company Signs Channel Partners, Makes Key Hire from
Semiconductor Industry
Business Wire - February 08, 2000 08:18
WALTHAM, Mass.--(BUSINESS WIRE)--Feb. 8, 2000--NETsilicon, Inc. (Nasdaq:NSIL),
the leading provider of system-on-silicon connectivity solutions, today announced that the
company has expanded its presence in Southeast Asia through the establishment of several new
channel partnerships and the hiring of a sales manager with extensive industry experience in the
region.
NETsilicon has forged a relationship with Electec Pte. Ltd., a leading provider of component
solutions to Asian electronic OEMs, through which Electec will represent NETsilicon as a
distributor in Singapore, Malaysia, Indonesia, Thailand, and the Philippines. Electec will also
customize its own offerings around NETsilicon's NET+Works(TM) architecture as an
authorized developer. In the Korean market, NETsilicon has entered into an agreement with
Sunin Technology, a leading IT distributor. And, Destiny Technology Corporation, a leading
embedded technology design firm and distributor representing NETsilicon in a broad range of
industries throughout mainland China, Taiwan, and Hong Kong, has agreed to become a
NETsilicon authorized developer.
NETsilicon also appointed Yong Ho On, formerly a top product manager at Samsung, as the
company's first sales manager located in Southeast Asia. With thirteen years experience in the
semiconductor industry, Ho On will ensure that NETsilicon's new channel partners are
successful in selling the company's system-on-silicon connectivity solutions. Ho On will be
based in Seoul, South Korea.
"Manufacturers in Southeast Asia are clearly seeking total solutions, rather than software or
hardware-only components for making their products network-ready," stated David
McConaghy, NETsilicon's director of sales, Asia. "We are building a solid sales infrastructure
throughout Southeast Asia to provide these manufacturers with our NET+Works solutions. We
are pleased to be represented by Electec and Sunin, both well-respected firms in their regions.
Additionally, Electec and Destiny are committed to developing customized solutions around
NET+Works. The appointment of Yong as a full-time sales manager located in the region will
further ensure the success of these partners in driving our solution into this important growing
market."
Electec and Destiny will be the first NETsilicon authorized developers in their respective
regions. As such, these firms will be able to provide ready-for-market products based on
NETsilicon's connectivity solutions.
"NETsilicon is a great strategic partner for Electec," commented Mr. Rinsky Sng, Electec's
managing director. "Electec will not only resell NETsilicon's system-on-silicon network
connectivity solutions, we will rely on NETsilicon's technology to design customized devices or
tailored embedded solutions for customers."
"We are stepping up our commitment to NETsilicon this year," stated Eric Lee, president of
Destiny. "NETsilicon solutions make network-enabling devices very easy for OEMs. As a
NETsilicon authorized developer, Destiny will provide these solutions to customers and also
build customized, ready-for-market solutions based on NET+Works."
About Electec
Electec Private Limited, a leading provider of component solutions to the electronic OEMs of
Asia, is based in Singapore, with offices in Malaysia, Hong Kong, and China. The company
performs design-in functions for various chips including CPLDs, graphic controllers, USB
microcontrollers and MR-head preamps. Electec Partners include Cypress, VTC, and Music
Semiconductors.
Electec's two core businesses are: semiconductor component solutions and network security
solutions. The company is a fully owned subsidiary of Flextech Holdings Ltd. For additional
company or product information, visit the Electec Web site, www.electec.com.sg, or call (65)
294-8389.
About Destiny Technology Corporation
With 12 years of experience, Destiny is recognized as a leader in document imaging. Since its
formation in 1986, Destiny's mission is to improve office and home productivity via the digital
document-imaging arena. Destiny's innovations range from software/firmware, critical ASIC
component development to hardware modules and complete printer controllers. Destiny
believes its world-class printer emulators, Winstyler(TM) LaserAct(TM), superior ASIC
functions, especially EET (Enhanced Edge Technology chip), and turnkey board design and
manufacturing provide its OEM customers with one-stop service and competitive
price/performance. Over the years, Destiny has established an infrastructure to optimize its
manpower and value-chain. With Taiwan as its global logistic hub and color technology center,
excellent price/performance for black and white document development and networking as well
as hardware production in China, Destiny serves its OEM customers, NEC, Ricoh, Minolta,
etc. more effectively. To meet the challenge of customers' demands, Destiny aggressively
collaborates with its partners to offer total solutions to its OEM customers. Destiny is
determined to achieve "Destiny Embedded" in the digital document industry with its
state-of-the-art technologies and world-class execution. For additional company or product
information, visit the Company's Web site, www.destiny.com.tw/ or call 886-2-2778-8177.
About Sunin Technology Inc.
Sunin Technology Inc. is focused on the Telecommunication/Data Communication and PC
Peripheral markets. Providing "one stop shopping" for customers, Sunin's product portfolio
targets the highest growth segments of the networking semiconductor market. For further
information on Sunin, please contact the company at 1600-1, Industrial Bank Bldg. 3F,
Kwanyang-Dong, Dongan-Gu, Anyang-Shi, Kyungki-Do, 431-060, Korea, Tel:
82-343-387-3888, Fax: 82-343-387-0888, or through sales@sunintech.com.
About NETsilicon
NETsilicon, Inc. (Nasdaq: NSIL) is the leading provider of integrated system-on-silicon and
software solutions that connect electronic devices to the Internet and Ethernet networks. Using
NETsilicon's solutions based on the NET+Works(TM) architecture, manufacturers can easily
and affordably build network connectivity into their products. Once Internet-enabled, products
can be managed, serviced, and accessed from anywhere. By making it easy to network-enable
products, NETsilicon helps manufacturers reduce product time to market, lower costs, and free
their engineers from the difficult task of integrating multi-vendor networking components.
NETsilicon's solutions are used in a broad range of industries including imaging, industrial
automation, telecommunications, building controls, security, and point of sale. NETsilicon
embedded networking solutions are paving the way for the device-centric networks of
tomorrow.
For additional company, product or financial information, please visit the NETsilicon Web site,
www.netsilicon.com, send email to info@netsilicon.com, or call 800-243-2333. For calls
originating outside the US, call 781-647-1234. NETsilicon headquarters is located at 411
Waverley Oaks Road #227, Waltham, MA 02452.
Except for the historical information contained herein, the matters discussed in this news release
are forward-looking statements that involve risks and uncertainties. The forward-looking
statements in this release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of
factors, including without limitation the company's ability to develop, produce, and market
products that incorporate new technology on a timely basis, that are priced competitively and
achieve significant market acceptance; higher expenses associated with the development and
marketing of new products; changes in product mix; risks of dependence on third-party
component suppliers; inventory risks due to shifts in market demand; the presence of
competitors with broader product lines and greater financial resources; intellectual property
rights and litigation; needs for liquidity; and the other risks detailed from time to time in the
company's reports filed with the Securities and Exchange Commission.
NETsilicon and NET+Works are trademarks of NETsilicon, Inc. All trademarks are the
property of their respective owners.
CONTACT: Boston Communications NETsilicon, Inc.
Bill Perkins David McConaghy
Brian Bennett Director of Sales, Asia
617-912-1104 and -1101 781-647-1234
bperkins@bcww.com dmcconaghy@netsilicon.com
bbennett@bcww.com
Hmmm. Maybe someone knew of this yesterday.
Jack |
