SAN DIEGO, Dec. 20, 2012 (GLOBE NEWSWIRE) -- Entropic Communications (Nasdaq:ENTR), a world leader in semiconductor solutions for the connected home, proudly announced the Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry, awarded Entropic the 2012 GSA Award in the "Most Respected Public Semiconductor Company Achieving $100 million to $250 million in Annual Sales" category.
The GSA Awards are presented annually to outstanding semiconductor companies worldwide that have demonstrated excellence through their success, vision and strategy in the industry. Award winners are selected by GSA members, whom evaluate products and future opportunities associated with a company's silicon solutions and business model.
Entropic is the only pure-play platform semiconductor company in connected home entertainment. The Company offers a diverse portfolio of connectivity and set-top box (STB) system-on-a-chip (SoC) solutions that reliably and securely, deliver and process multimedia digital content into and throughout the home.
"We congratulate Entropic on receiving a prestigious 2012 GSA Award," said Jodi Shelton, co-founder and president, GSA. "Entropic has undergone an impressive evolution over the past year, making two key acquisitions to further fuel Pay-TV operators' shift from traditional broadcast to streaming, IP-based video delivery."
In April 2012, Entropic completed its acquisition of Trident Microsystems' STB SoC business. With this transaction, the Company expanded its presence in the connected home entertainment market by obtaining complementary assets, intellectual property (IP), patents, core competencies and products that addressed a much larger available market, while expanding the Company's international presence and diversifying its revenue base. In July 2012, Entropic acquired specific direct broadcast satellite (DBS) IP and corresponding technologies from PLX Technology, Inc. to accelerate its DBS outdoor unit product roadmap. Both acquisitions provided Entropic a path to future technologies, and highly integrated product roadmaps to help serve the global service provider market.
"We are honored to be recognized by the GSA and our peers in the semiconductor community for our bold vision and successful execution in expanding our market opportunity in the competitive connected home entertainment market," said Patrick Henry, president and CEO, Entropic. "With our expanded portfolio, we now offer best-in-class Connectivity and STB System-on-a-Chip solutions that seamlessly power and enable global Pay-TV operators to create more captivating whole-home entertainment experiences for their subscribers."
Entropic is also known as a co-founder of MoCA® (Multimedia over Coax Alliance), and is recognized for advancing the way HD video is delivered over a single coaxial cable.
The Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 30 countries across the globe. www.gsaglobal.org
About Entropic Communications
Entropic Communications, Inc. (Nasdaq:ENTR) is a leading global provider of silicon and software solutions to enable connected home entertainment. The Company transforms how traditional HDTV broadcast and streaming video content is seamlessly, reliably, and securely delivered, processed, and distributed into and throughout the home. Entropic's next-generation home connectivity and set-top box system-on-a-chip (SoC) solutions enable Pay-TV service providers to offer consumers a more captivating whole-home entertainment experience by delivering new, high-performing ways to connect, engage, and enjoy multimedia content. For more information, visit Entropic at: www.entropic.com.
The Entropic Communications logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4255
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding the expected benefits of Entropic's technology solutions, and continued or future integration of technology into products of OEMs. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Entropic's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, the effects of competition from alternative technologies; Entropic's dependence on service providers' connected home needs; the risk that the market for Entropic's solutions may not develop as anticipated; the effect of intellectual property rights claims; and other factors discussed in the "Risk Factors" section of Entropic's Quarterly Report on Form 10-Q for the quarter ended September 30, 2012. All forward-looking statements are qualified in their entirety by this cautionary statement. Entropic is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
Copyright © 2012 Entropic. All rights reserved. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
CONTACT: Entropic Investor and Media Contacts: Debra Hart Director, Investor Relations +1 858.768.3852 firstname.lastname@example.org Chris Fallon Senior Director, Corporate Communications +1 917.974.1667 email@example.com