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Semtech Announces Sale Of Video Optical Module Product Line To Embrionix

Stocks in this article: SMTC

About Semtech

Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors for high-end consumer, computing, communications and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit  http://www.semtech.com.

About Embrionix

Embrionix provides a new approach in the product interface market for broadcast manufacturers. Embrionix designs and builds innovative, advanced SMPTE VIDEO SFPs to close the gap between fiber optic deployments, coaxial deployments, and emerging technology deployments, such as HDMI, composite video, Ethernet, etc. By leveraging its core competencies in video broadcast, the company provides SFP modules (emSFP) with the highest level of flexibility to major broadcasters in the industry. The company is based in Laval, Canada and has global design, research and development, and sales offices located in Canada, California, United Kingdom and Japan. For more information on pricing and availability, please visit www.embrionix.com or contact us at sales@embrionix.com.

Forward-Looking and Cautionary Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than historical information or statements of current condition and relate to matters such as future financial performance, future operational performance, the anticipated impact of specific items on future earnings, and our plans, objectives and expectations. These forward-looking statements are identified by the use of such terms and phrases as "intends," "goal," "estimate, "expect," "project," "plans," "anticipates," "should," "will," "designed to," "believe," and other similar expressions which generally identify forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results and events to differ materially from those projected. Important factors that could cause actual results to differ materially include, but are not limited to: the ability of both Semtech and Embrionix following the completion of the sale of the product line to achieve intended results in the respective areas of each company’s core strengths; the level and extent of ongoing cooperation on future products between the two companies; the level and volume of business arising from any such ongoing cooperation; and the future growth of and market interest in the optical SFP markets. Additionally, forward-looking statements should be considered in conjunction with the cautionary statements contained in the "Risk Factors" section and elsewhere in the Company's Annual Report on Form 10-K for the fiscal year ended January 29, 2012, in the Company's other filings with the SEC, and in material incorporated therein by reference. In light of the significant uncertainties inherent in the forward-looking information included herein, any such forward-looking information should not be regarded as representations by the Company that its objectives or plans will be achieved or that any of its operating expectations or financial forecasts will be realized. Investors are cautioned not to place undue reliance on any forward-looking information contained herein. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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