Shares to commence trading July 15, 2013
TORONTO, July 12, 2013 /CNW/ - ViXS Systems Inc. (TSX: VXS) is pleased
to announce the completion of its previously announced going public
transaction. Common shares of ViXS will commence trading on the TSX
under the symbol "VXS" on July 15, 2013.
"Listing on the TSX will be a major milestone in the history of our
company, which was founded 12 years ago to challenge traditional
approaches to semiconductor SoC development," said Sally Daub,
President and CEO of ViXS. "Since then, we have shipped over 27 million
chip sets, developed an enviable client base and built a strong
reputation for innovation. Our strong financial position and the public
listing position us well to pursue our objective to be the leading
provider of media processing solutions that enable the delivery of
digital content anywhere, anytime, on any device."
To mark the occasion of the Company's public listing, the management
team of ViXS will ring the opening bell at the Toronto Stock Exchange
on July 17.
About ViXS Systems Inc.
ViXS is the semiconductor pioneer in designing and developing
high-performance media solutions for the consumer electronics and video
service provider industries. With 422 patents issued and pending
worldwide, ViXS has been recognized with a number of industry awards
for innovation. ViXS is the world leader in transcoder SoC deployments
with over 27 million shipments to date, and still growing.
ViXS has a comprehensive portfolio of products to meet the diverse needs
of the global media industry. Portfolio highlights include the most
advanced dense transcoder available for cloud-based solutions, as well
as SoC's for home devices capable of doing the most simultaneous number
of HD streams in the industry. Moreover, ViXS is the only company to
have integrated transcoding and Multimedia over Coax Alliance (MoCA)
technologies to create the lowest-cost media gateway capable of
delivering premium content to consumer IP devices, such as the iPad,
inside and outside of the home.
ViXS has three primary product lines: XCode, XCodePro and XConnex. The
XCode family of media processors range from stand-alone transcoding
chips to full SoC solutions, each capable of handling from one to four
simultaneous HD-to-HD transcodes. XCodePro products address the
professional enterprise market and are being deployed today for
cloud-based media streaming services. The XConnex product line is for
communications devices, including MoCA 1.1 and 2.0 solutions.
Additionally, ViXS customers are provided with a robust software
development kit named Xtensiv.
ViXS is headquartered in Toronto, Canada with global operations and
offices in Europe, Asia and North America. For more information on
ViXS, visit our website: www.vixs.com.
VIXS™, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are
trademarks and/or registered trademarks of ViXS. Other trademarks are
the property of their respective owners.
This release contains forward-looking statements that relate to ViXS'
current expectations and views of future events, including statements
relating to ViXS' leadership objective. These statements reflect ViXS'
current views with respect to future events and are based on
assumptions and subject to risks and uncertainties, which include
business, economic and capital market conditions; market conditions and
the demand and pricing for ViXS' products; ViXS' relationships with its
customers, distributors and business partners; ViXS' ability to
successfully define, design and release new products in a timely manner
that meet its customers' needs; ViXS' ability to attract, retain and
motivate qualified personnel; competition in ViXS' industry; ViXS'
ability to maintain technological leadership; ViXS' manufacturing
supply chain, including pricing of goods and availability of adequate
manufacturing capacity from its manufacturing suppliers; ViXS' ability
to transition to new wafer fabrication process technologies and achieve
higher levels of design integration; ViXS' ability to manage risks
inherent in foreign operations; ViXS' ability to successfully maintain
and enforce its intellectual property rights and defend third-party
claims of infringement of their intellectual property rights; ViXS'
ability to manage cash flow, foreign exchange risk and working capital;
ViXS' ability to manage its growth; ViXS' dependence on a limited
number of customers; fluctuation in ViXS' quarterly operating results;
and ViXS' dependence on key personnel. These risks, uncertainties,
assumptions and other factors could cause ViXS' actual results,
performance, achievements and experience to differ materially from
ViXS' expectations, future results, performances or achievements
expressed or implied by the forward looking statements. Readers are
cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. Additional
information identifying risks and uncertainties is contained in ViXS's
filings with the Canadian securities regulators available at www.sedar.com. Except as required by law, ViXS undertakes no obligation to update or
revise publicly any forward looking statements, whether as a result of
new information, future event or otherwise, after the date on which the
statements are made or to reflect the occurrence of unanticipated
SOURCE: ViXS Systems Inc.
For further information:
T: 416-815-0700 ext. 278
T: 416-815-0700 ext. 253