BURLINGTON, ONTARIO, August 27 /CNW/ - Gennum Corporation (TSX:GND) today
announced that it has closed the previously announced sale of its consumer
headset product line to CellPoint Connect AB, a leading provider of wired and
Bluetooth(R) enabled wireless headsets/earphones. The sale is part of Gennum's
strategy to streamline its product line in order to focus on its high-speed
mixed signal products for the video and data communications market.
Gennum's consumer headset line includes the nXZEN(TM) and nX 6000(TM)
products, all incorporating Bluetooth technology. CellPoint currently offers
the Flamingo line of headsets and is set to launch a new lifestyle brand
Gennum and CellPoint reached a definitive agreement for the sale on
August 9, 2007.
Gennum Corporation (TSX:GND) is a leading designer and manufacturer of
semiconductor solutions for the global video, data communications and audio
markets. A winner of a Technical Emmy(R) award for advances in high definition
(HD) broadcasting, Gennum's broad portfolio of products and technologies
include image processors, video timing and transport products, ICs for optical
transceivers, backplane interconnects and low power digital signal processing
(DSP) solutions. Gennum is headquartered in Burlington, Canada, and has global
design, research and development and sales offices in Canada, Japan, Korea,
Taiwan and the United Kingdom. www.gennum.com
About CellPoint Connect AB
CellPoint Connect AB is a publicly listed Swedish company
(www.aktietorget.se; CPNT) with headquarters in Copenhagen, Denmark and
offices in Oslo, Stockholm, Miami and Shenzen, China. The company designs,
develops, manufactures and markets wired and Bluetooth(R) enabled wireless
headsets/earphones. See www.cellpoint.com.
This document may contain forward-looking statements relating to Gennum's
goals, strategies, financial condition and results as well as the environment
in which Gennum operates, investments, and litigation in which Gennum is
involved, which may involve estimates, forecasts and projections.
Forward-looking statements may include words such as "plans", "intends",
"anticipates", "should", "estimates", "expects", "believes" and similar
expressions. These statements are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict and/or are
beyond Gennum's control. A number of important factors could cause actual
outcomes and results to differ materially from those expressed in these
forward-looking statements. These factors include those set forth in Gennum's
public filings. Consequently, readers should not place any undue reliance on
such forward-looking statements. In addition, these forward-looking statements
relate to the date on which they are made. Gennum disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Gennum, the Gennum logo are registered trademarks of Gennum Corporation.
All other product or service names are the property of their respective
owners. Gennum Corporation, 2007.
For further information:
For further information: Gennum Media Contact: Robin Vaitonis,
905-632-2999 ext. 2110 E-mail: email@example.com OR CellPoint Media Contact:
Michael Mathiesen, +45 4045 3332 E-mail: Michael.firstname.lastname@example.org