Our forward looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations and may not reflect the potential impact of any future acquisitions, mergers or divestitures. All forward-looking statements speak only as of the date hereof and are based upon the information available to SMSC at this time. Such statements are subject to change, and the Company does not undertake to update such statements, except to the extent required under applicable law and regulation. These and other risks and uncertainties, including potential liability resulting from pending or future litigation, are detailed from time to time in the Company's reports filed with the SEC. Investors are advised to read the Company's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission, particularly those sections entitled “Other Factors That May Affect Future Operating Results” or “Risk Factors” for a more complete discussion of these and other risks and uncertainties.SMSC, MOST, Kleer and JukeBlox are registered trademarks and Smart Mixed-Signal Connectivity, Wireless Detect 'n Avoid and RightTouch are trademarks of Standard Microsystems Corporation.
SMSC (NASDAQ: SMSC), a leading semiconductor company enabling content rich connectivity systems, today announced that ASTRO Gaming has selected SMSC’s KleerNet™ technology to deliver lossless wireless audio streaming for its gaming headsets. Interoperability across brands makes it possible for users to recognize and pair with other KleerNet products to access and stream audio to multiple destinations. “For gamers, high quality, low latency audio makes or breaks the experience,” said Aron Drayer, Director of Marketing at ASTRO Gaming. “KleerNet technology in our gaming platform will bring consumers the ultimate in high definition wireless audio.” “KleerNet’s low interference, uncompressed transmission of audio and chat with up to four separate channels make it a great match for multi-player gaming environments,” said Gene Sheridan, Senior Vice President & General Manager of SMSC’s Wireless Audio Products Group. “Pure audio, free of wires, gives consumers an optimal gaming experience.” More on SMSC’s Wireless Audio Platform SMSC’s focus on wireless audio solutions propels the company to a leadership position in the wireless audio market. Kleer technology enables high quality, low latency wireless distribution of digital content to headphones, speakers and other audio devices to enhance the consumer’s listening experience. SMSC’s KleerNet technology gives consumers the option of choosing among KleerNet-enabled audio products from various consumer brands for use in their home, office, or portable applications. Examples of wireless audio products that incorporate KleerNet technology are 5.1/7.1 surround sound home theater systems, sound bars, sub-woofers, headphones, and gaming and VOIP headsets. KleerNet wireless audio products are designed to co-exist with Wi-Fi and Bluetooth ® traffic and support multi-band RF, low latency and high bit and sampling rates. In addition, SMSC’s JukeBlox platform offers popular music applications along with the industry standard Ethernet and Wi-Fi interfaces to give customers access to music content from all over the world via their home networks or the Internet. For more information on Kleer, KleerNet or JukeBlox products, visit www.smsc.com/wireless_audio. About SMSC SMSC is a leading developer of Smart Mixed-Signal Connectivity ™ solutions. SMSC employs a unique systems level approach that incorporates a broad set of technologies and intellectual property to deliver differentiating products to its customers. The company is focused on delivering connectivity solutions that enable the proliferation of data in personal computers, automobiles, portable consumer devices and other applications. SMSC’s feature-rich products drive a number of industry standards and include USB, MOST ® automotive networking, Kleer ® wireless audio, embedded system control and analog solutions, including thermal management and RightTouch ® capacitive sensing. SMSC is headquartered in New York and has offices and research facilities in North America, Asia, Europe and India. Additional information is available at www.smsc.com. Forward Looking Statements Except for historical information contained herein, the matters discussed in this announcement are forward-looking statements about expected future events and financial and operating results that involve risks and uncertainties. These uncertainties may cause our actual future results to be materially different from those discussed in forward-looking statements. Our risks and uncertainties include the timely development and market acceptance of new products; the impact of competitive products and pricing; our ability to procure capacity from our suppliers and the timely performance of their obligations, commodity prices, interest rates and foreign exchange, potential investment losses as a result of liquidity conditions, the effects of changing economic and political conditions in the market domestically and internationally and on our customers; our ability to realize the expected benefits of acquisitions; our relationships with and dependence on customers and growth rates in the personal computer, consumer electronics and embedded and automotive markets and within our sales channel; changes in customer order patterns, including order cancellations or reduced bookings; the effects of tariff, import and currency regulation; potential or actual litigation; and excess or obsolete inventory and variations in inventory valuation, among others. In addition, SMSC competes in the semiconductor industry, which has historically been characterized by intense competition, rapid technological change, cyclical market patterns, price erosion and periods of mismatched supply and demand.