Paratek Acquires BST Technology Group From Gennum Corporation

Thu Mar 19, 2009 10:28am EDT
 
[-] Text [+]
NASHUA, N.H.--(Business Wire)--
Paratek announced today that the company has completed a transaction involving
the purchase by Paratek of Gennum`s barium strontium titanate (BST) technology
group and its associated assets. Paratek has developed a proprietary form of
BST, ParaScan, as the leading RF tuning component technology for mobile
handsets. 

The transaction augments an agreement with STMicroelectronics announced in
January, 2009. That relationship advances the next generation of Paratek`s
ParaScan materials technology for high-volume manufacturing and establishes a
program to jointly develop tunable products that improve Total Radiated Power
(TRP) for mobile phones, leading to longer battery life and fewer dropped calls
for mobile handsets. Initial production of the RF-tuning components will take
place at STMicroelectronics` fabrication facility in Tours, France by the end of
2009. 

As a result of this transaction Paratek has acquired all of Gennum`s assets of
their BST technology including equipment and intellectual property. Four
employees of Gennum will join Paratek as part of the sale transaction. 

"Gennum has been a supplier to Paratek for several years and an important
contributor to the technological development and advancement of BST. With Gennum
deciding to focus its investments on its core portfolio, we were provided the
opportunity to acquire the BST technology group and assets and augment our own
ParaScan efforts to continue the commercialization of ParaScan technology," said
James DiLorenzo, CEO of Paratek Microwave. "By combining Gennum`s BST expertise
and existing patent portfolio with our own applications, materials and systems
expertise, we believe this acquisition further strengthens our position to bring
ParaScan-based solutions to market and capitalize on the significant
opportunities it presents for multi-band, multi-mode mobile handsets." 

"Having worked with Paratek on BST technology and product development over the
last several years, it was a natural choice for Paratek to acquire our BST group
and its associated assets and continue the commercialization of this
technology," said Franz Fink, President and CEO, of Gennum. "As they continue to
work with leading customers to integrate into next-generation mobile
applications, our shareholders will be able to benefit from the success of BST."


About ParaScan Technology

Manufactured on silicon or ceramic wafers, thin-film ParaScan capacitors offer
high capacitance density, excellent high frequency performance, and exceptional
tunability. This enables an unprecedented level of miniaturization, flexibility
and performance, and as important, enables extremely low power consumption in
mobile handsets. 

About Paratek

Paratek Microwave, Inc. designs and manufactures adaptive RF front-end component
solutions for mobile wireless applications requiring multi-mode and multi-band
operation. The Company is privately held and headquartered in Nashua, NH, with
additional offices in Crystal Lake, IL. 

About Gennum

Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and
intellectual property (IP) cores for the world`s most advanced consumer
connectivity, enterprise, video broadcast and data communications products.
Leveraging the company`s proven optical, analog and mixed-signal products and
IP, Gennum enables multimedia and data communications products to send and
receive information without compromising the signal integrity. A recognized
award-winner for advances in high definition (HD) broadcasting, Gennum is
headquartered in Burlington, Canada, and has global design, research and
development and sales offices in Canada, Germany, India, Japan, Korea, Mexico,
Taiwan, the United States and the United Kingdom. www.gennum.com

Paratek and ParaScan are trademarks of Paratek Microwave, Inc. All other product
or service names are the property of their respective owners. 



Paratek Microwave, Inc.
Karen Jackson, 603-598-8880 x251
kjackson@paratek.com

Copyright Business Wire 2009

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video