Monday March 23, 8:59 am Eastern Time
Company Press Release
SOURCE: Analog Devices, Inc.
Analog Devices and Aware Expand Strategic Partnership for ADSL and DSL Lite
Agreement Opens New Opportunities for Aware's Technologies and Enhances ADI's Chipset Offerings
NORWOOD, Mass., March 23 /PRNewswire/ -- Analog Devices, Inc. (NYSE: ADI - news), a leading manufacturer of precision, high-performance integrated circuits used in signal processing applications, and Aware, Inc. (Nasdaq: AWRE - news), a worldwide leader in xDSL (digital subscriber line) technology, today announced an expanded strategic partnership for asymmetric digital subscriber line (ADSL) and DSL Lite chipset development. Under the new relationship, ADI will receive broader access to Aware's technology and software, which will allow ADI to directly provide complete software and silicon support to its customers. The agreement enables Aware to provide other semiconductor suppliers with access to its DMT technology and software.
The two companies will continue to jointly develop and market silicon/software solutions to central office OEMs, modem manufacturers, and PC makers worldwide. The companies expect to pioneer the development of chipsets that are simultaneously capable of full rate, standard compliant ADSL and Aware's splitterless DSL lite. The agreement will enhance both companies' ability to grow with the market, to promote open systems and to enable interoperability between equipment manufacturers.
''Aware and ADI have developed a world class chipset that is now being designed into the leading datacom and telecom system providers around the world,'' said Jim Bender, president and chief executive officer of Aware. ''This new agreement extends our relationship, strengthening and complementing the work we have done to develop ADSL chipsets, and enabling ADI to more effectively serve our mutual customers. It also gives us the ability to further propagate our full-rate ADSL and DSL Lite technology, as Aware forges new relationships with other semiconductor manufacturers.''
Russ Johnsen, vice president and general manager for communications at Analog Devices, added, ''ADSL deployments have reached a turning point where a broader access to the technology that forms an interoperable base is necessary to drive the market. ADI and Aware have a leading technological edge, and by making both our chipsets and Aware's underlying technology more readily available, we intend to solidify that position. ADI and Aware will continue to innovate and collaborate on derivatives of the AD20msp910 chipset and future ADSL products.''
Aware and Analog Devices have been strategic partners since 1993, when ADSL was first embraced as a broadband solution. In this relationship, Aware provides the underlying technology, system design and software while Analog Devices designs, develops and produces the chipsets. Together, the two companies produced the market's most widely adopted ADSL solution: the AD20msp910, a DMT (discrete multi-tone) ADSL chipset. This chipset is currently one of the leading ADSL products for modem, telecommunications and data communications equipment manufacturers.
About Aware
Headquartered in Bedford, Massachusetts, Aware, Inc. is a worldwide leader in xDSL technology with products that enable new broadband services over the existing telephone network. Aware's products include xDSL technology, software, modules and modems for high-speed, interactive broadband network applications. More information about Aware, Inc. can be found on the World Wide Web at aware.com.
About Analog Devices
With fiscal 1997 sales of $1.24 billion, Analog Devices is a leading manufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications. Headquartered in Norwood, Massachusetts, the company employs approximately 7,800 people worldwide and has manufacturing facilities in Massachusetts, California, North Carolina, Ireland, the Philippines and Taiwan.
Safe harbor statement under the Private Securities Litigation Reform
Act of 1995: Forward-looking statements in this news release involve risk and uncertainty. Important factors, including overall economic conditions, demand for semiconductors generally, demand for the company's products, the occurrence of another inventory and lead-time reduction cycle, raw material availability (especially raw silicon wafers), availability of manufacturing capacity, technological and product development risks, competitors' actions, further adverse developments in Southeast Asia and other risk factors described in the Company's most recent annual report and form 10-K filed with the Securities and Exchange Commission could cause actual results to differ materially.
SOURCE: Analog Devices, Inc.
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