Monday November 13, 3:37 pm Eastern Time
Press Release
Catalyst Semiconductor Announces Supply Agreement With Quantum Corporation
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 13, 2000--Catalyst Semiconductor, Inc. (NASDAQ:CATS - news) today announced the signing of a supply agreement with Quantum Corporation. According to the agreement, Catalyst is supplying key Flash and EEPROM components for use in Quantum's PC and server related products.
Radu Vanco, President and CEO said, ``The agreement with Quantum reflects the increased level of commitment which we are prepared to make to our customers. It also represents recognition of our capability to deliver products which have world class performance and reliability, in a very demanding market.''
Catalyst manufactures and markets Flash memories under a license agreement with Intel Corporation. The Company's Flash memory products are manufactured under a foundry agreement with Oki Electric in Japan and feature world class endurance of 100,000 cycles.
The Company announced that incremental revenues from product shipments under the agreement will be reflected starting with the fiscal quarter which ended October 31st, 2000.
Founded in 1985, Catalyst Semiconductor, Inc. is headquartered in Sunnyvale, California. The Company designs and markets a broad range of programmable products including Flash Memories, Serial and Parallel EEPROMs, NVRAM, Digital Potentiometers, Microcontroller Supervisory circuits and other programmable Mixed Signal products. Catalyst products are used in telecommunications, networking systems, computation, industrial and consumer markets, driven by the Internet revolution. Typical applications include modems, network cards, PC BIOS, DIMM modules, cellular telephones, digital satellite box receivers, set-top boxes and Internet routers. Catalyst's Quality Management System is ISO 9001 certified. Additional information may be obtained by visiting the Company's Web site at www.catsemi.com.
Except for those statements that report the Company's historical results, the statements being made are forward looking statements. Actual results could differ materially from those projected in the forward-looking statements. Factors which could cause actual results to differ from expectations include the following: volatility in supply and demand affecting revenues and market prices, price and availability of silicon foundry, assembly and test subcontract capacity required to meet financial targets and/or meet backlog requirements, risks and delays associated with bringing up new production capabilities or with deliveries from subcontractors, timing and market acceptance of new products, increased expenses associated with new product introductions or process changes, delays in developing or achieving volume production of new products, which can result in delays or failure to contribute to revenues and profits, ability of the Company to maintain its customer and vendor base and delays in and/or inability in raising additional capital. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained under the heading ``Certain Factors That May Affect the Company's Future Results of Operations'' listed from time to time in Catalyst's SEC reports, including but not limited to the report on Form 10-K/A for the year ended April 30, 2000 and Form 10-Q for the quarter ended July 30, 2000.
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Contact:
Catalyst Semiconductor, Inc.
Joan Vargas, 408/542-1051 (investor relations)
joan.vargas@catsemi.com |
