SMSC (NASDAQ: SMSC), a leading semiconductor company enabling content rich connectivity systems, today announced that it is working with Hansong (Nanjing) Technology Ltd. to deliver SMSC’s low latency, lossless KleerNet™ wireless audio streaming technology. “SMSC is a recognized leader in developing high performance, low latency wireless audio technology for the home,” said Helge lykke Kristensen, Vice President at Hansong (Nanjing) Technology Ltd. “We are pleased to work with them to deliver reference designs that offer this best-in-class technology for a wide range of applications including soundbars, subwoofers and wireless speakers.” “Wireless audio adoption is on a fast pace. Having the design relationships in place that make it easy for our customers to bring to market state-of-the art home wireless audio solutions is key for this adoption to flourish,” said Gene Sheridan, Senior Vice President and General Manager of SMSC’s Wireless Products Group. “Working with Hansong (Nanjing) Technology Ltd. opens the door to new design win possibilities as we focus on broadening our reach in China, Hong Kong and the Asia-PAC region overall.” 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 automobiles, consumer devices, PCs 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. About Hansong (Nanjing) Technology Ltd. Hansong (Nanjing) Technology Ltd is a privately owned company established in 1998 as a manufacturer for the audio industry. In 2000, the strategy was refined to cover audio and video in areas such as home Hi-Fi and AV systems, custom installations, pro audio and other new technologies. The latest evolution of the company’s strategy is a focus on commercial audio. The company has received several industrial awards and positive reviews. Hansong’s experience extends to A/V decoder/processors, AV Receivers, Tuners (AM/FM/DAB/HD radio), CD/SACD players, CD receivers, Universal DVD Players (with DVD-A, SACD and High Definition Video), DVD receivers, subwoofer amps, bi-amps and tri-amps for the speaker industry and digital amps and switch mode power supply technology for high quality audio reproduction as well as wireless audio products supporting Airplay® and DLNA speakers.
Standard Microsystems Corporation (Nasdaq:SMSC) hit a new 52-week high Wednesday as it is currently trading at $36.29, above its previous 52-week high of $28.25 with 8.7 million shares traded as of 10 a.m. ET. Average volume has been 129,600 shares over the past 30 days.
Shares of Standard Microsystems Corporation (Nasdaq:SMSC) were gapping up Wednesday morning with an open price 10.8% higher than Tuesday's closing price. The stock closed at $24.23 yesterday and opened today's trading at $26.85.