Chungsen Leung MP Recognizes ViXS as a leader in Technology and expansion into European Union
TORONTO, Nov. 25, 2013 /CNW/ - ViXS Systems Inc. (TSX: VXS), Mr Chungsen Leung MP, Parliamentary Secretary for Multiculturalism, in promoting multiculturalism and The Comprehensive Economic and Trade Agreement (CETA) that Canada entered with the EU, recently visited ViXS and used the occasion to recognize ViXS for its leadership in innovation, its growing business in the EU, and ViXS' cultural diversity.
"With 28 member states, 500 million people and annual economic activity of almost $17 trillion, the European Union is the world's largest economy. The Comprehensive Economic and Trade Agreement (CETA) with the EU will generate prosperity and growth for Canadians in every region of the country, including for Canada's small and medium-sized enterprises, which are the backbone of the Canadian economy," said Chungsen Leung, MP - Willowdale. "As a leader in the digital image technology industry with a diversified work force, I am confident that ViXS will make further in-roads in the European market. And I am very proud of them for their commitments to the success of our multiculturalism."
Mr. Leung MP was also given a demonstration of various products and devices that ViXS manufactures for advanced multimedia consumer electronics, including broadcast television gateways and set-top boxes. Such advanced applications require state-of-the-art research and development to bring to market, and in doing so ViXS has amassed a diverse cultural and multi-national team to help establish itself as the world-leader in their addressed markets. Building some of the most complex System-on-chip (SoC) silicon chip based solutions for the past 12 years, ViXS' philosophy of attracting the best talent has been core to its success so far.
"We have worked diligently to ensure we attract the very best talent to address the constantly changing demands and complexity of the multimedia chip market," said Sally Daub, President and CEO ViXS Systems. "Thanks to the Canadian government's policy to encourage multiculturalism it has been possible to attract the best minds in our field across all disciplines in our company. We are encouraged by The Comprehensive Economic and Trade Agreement (CETA) Canada has recently entered with the EU, and we look forward to continue to grow our business in the EU and world-wide."
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 over 428 patents issued and pending worldwide, ViXS has been recognized with a number of industry awards for innovation. ViXS is the world leader in transcoder deployments with over 28 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 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.
SOURCE: ViXS Systems Inc.
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