This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Atmel Establishes Strong Position In Ultra-Low Power Wi-Fi Market With Agreement To Acquire Ozmo, Inc.









SAN JOSE, Calif., Dec. 19, 2012 /PRNewswire/ -- Atmel ® Corporation (NASDAQ: ATML), a leader in microcontroller and touch technology solutions, today announced that it has entered into a definitive agreement to acquire Ozmo, Inc. ("Ozmo"), a leading provider of ultra-low power Wi-Fi solutions that will expand Atmel's wireless offerings and further enhance developers ability to design smart, connected devices, including devices targeted to "The Internet of Things."

(Logo: http://photos.prnewswire.com/prnh/20120530/SF15228LOGO)

Adding to Atmel's broad wireless portfolio, Ozmo brings innovative "Wi-Fi Direct" certified technologies that will accelerate seamless communication and connectivity across wireless personal area networks (WPANs). Designed for consumer electronics products requiring smaller form factors and longer battery life, including gaming peripherals, HD audio speakers, portable audio headsets, digital thermostats, appliances and CE remotes, Ozmo's Wi-Fi products and technology offer developers ultra-low power, cost-effective solutions for connecting fixed and portable peripheral devices with Wi-Fi platforms.

"This acquisition accelerates Atmel's strategy to provide complete solutions for products that will make possible The Internet of Things," said Steve Laub, Atmel's President and CEO. "As a leader in the Wi-Fi Direct segment, Ozmo's solutions are well positioned in this rapidly growing market. We look forward to supporting Ozmo's existing customers, expanding sales of their Wi-Fi Direct products through Atmel's global sales channel and marketing network, and integrating their IP with existing Atmel microcontrollers to introduce even more compelling products."

According to market research data, the overall wireless peripheral market is expected to reach 1 billion units by 2015 with Wi-Fi Direct as the fastest growing segment at over 100% CAGR through 2015.

Atmel expects the transaction to close by year end and to be accretive to Atmel's earnings in 2014.

About AtmelAtmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, communications, computing and automotive markets.

© 2012 Atmel Corporation. All Rights Reserved. Atmel ®, Atmel logo and combinations thereof and others are registered trademarks or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs