To: ECAC Hockey who wrote (2049 ) 12/15/1998 9:22:00 PM From: nord Respond to of 4400
RADISYS ACQUIRES SONITECH INTERNATIONAL Creates Digital Signal Processing Division ------------------------------------------------------------------------ Hillsboro, OR - FEBRUARY 19, 1997 - RadiSys Corporation today announced the acquisition of Sonitech International, Inc., a provider of digital signal processing (DSP) hardware and software solutions for embedded applications. With the acquisition of Sonitech, RadiSys gains significant expertise in a broad range of DSP technologies in telecommunications, voice coding, high speed control, imaging and machine vision applications. "Sonitech's technology is a strategic addition to RadiSys' ability to provide the broadest range of embedded solutions for our OEM customers," said Glen Myers, RadiSys president and CEO. "We now have the unique advantage of being able to develop higher value-added solutions based on both x86 and DSP processors." Sonitech's business model matches that of RadiSys - focused on developing custom solutions for volume OEM applications. Sonitech's solutions use the same modular bus structures as RadiSys' products, such as the VME and PCI buses. "Sonitech provides integrated DSP solutions including hardware, software and support, a model that is similar to RadiSys' customized solutions for OEM applications," said Yogendra Jain, Sonitech president. "And RadiSys' complementary technologies, dedicated manufacturing and strong sales channels worldwide offer great benefits to Sonitech's customers." Under the agreement, RadiSys will exchange 83,500 shares of RadiSys common stock and approximately $1 million in cash for all the assets and certain of the liabilities of Sonitech International. For the year ended December 31, 1996, Sonitech had revenues of approximately $3 million and break even earnings. The Sonitech business will become a new division of RadiSys focused on embedded DSP applications. The division will be jointly managed by Jain and Xavier Barrera, who was Sonitech's general manager. RadiSys Corporation (NASDAQ: RSYS) is the leading independent supplier of embedded computer technologies used by OEMs in manufacturing automation, telecommunications, medical equipment, transportation, test and measurement and retail/office automation applications. RadiSys Corporation (Nasdaq:RSYS) designs and manufactures embedded computing solutions for equipment manufacturers in the telecommunications, automation, and other industries. RadiSys's technology spans Intel processor-based designs, core-logic semiconductor components, real-time system software, and digital signal processing hardware and software. RadiSys manufactures long-life products for its OEM customers in its ISO-9001 certified plant in Hillsboro, Oregon. Norden