ALISO VIEJO, Calif. and IRVINE, Calif., Oct. 30, 2015 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and the University of California, Irvine today announced the upcoming grand opening of the Microsemi Innovation Lab within the UCI Calit2 facility on Tuesday, Nov. 3 at 3 p.m. Microsemi executives, UCI leaders, students and community members will gather for the Microsemi Innovation Lab's unveiling event, which will begin with a short symposium, "Internet of Things Applications: From Research to Innovation for Market Opportunities," followed by a ribbon-cutting ceremony and guided tours of the new lab demonstrating the latest advances in semiconductor hardware and software capabilities.
"Microsemi is honored to play such an important role in supporting UCI to ensure the California Institute for Telecommunications and Information Technology (Calit2) is a nationally recognized leader for innovation in engineering, and we hope the Microsemi Innovation Lab will help inspire the next generation of its students," said James J. Peterson, chairman and CEO of Microsemi. "Investing in such industry-leading higher education institutions allows our company to give back to the community while helping shape the future workforce for innovative technology companies like Microsemi."
After a generous donation from Microsemi to UCI towards the development of the Innovation Lab, the two entities collaborated on the project for more than two years to ensure the highest quality resources are available to engineering students, as well as researchers involved in multidisciplinary projects. Located on the second floor of the Calit2 Building, the Microsemi Innovation Lab is the newest addition to the institute's innovation pipeline for academic and industry partners. Offering state-of-the-art technology with strategic guidance from Microsemi's chief technology officer, Jim Aralis, the lab will provide the tools and expertise for the conceptual design, prototyping, integration and validation of student and faculty innovations, as well as provide the ability to advance research and explore commercial possibilities.
"We are grateful to Microsemi for its generosity and look forward to advancing this partnership," said G.P. Li, Calit2 UCI director and professor of engineering. "Thanks to the vision of Microsemi's leadership, this collaboration will enable students without a dozen advanced degrees to come into the lab and easily build research prototypes."
Calit2 develops information technology-based Internet of Things (IoT) innovations in a multidisciplinary research environment. The Microsemi Innovation Lab will provide an important venue for state-of-the-art fabrication and proof-of-concept efforts, adding to the institute's portfolio of shared-user facilities.
The Microsemi Innovation Lab's grand opening is free and open to the public. To attend the event, individuals must register in advance and indicate what sessions they will be attending. To view the event agenda or to register, visit http://www.calit2.uci.edu/calit2-events/calendar.aspx?eid=787.
In addition to their support of Calit2, Microsemi's executives sit on the UCI Board of Trustees, The Henry Samueli School of Engineering and the School of Physical Sciences Leadership Councils, and Paul Merage School of Business Advisory Council. Microsemi has also been a proud corporate partner of UCI's Paul Merage School of Business for more than five years, providing a collaborative forum to tackle business challenges using the insights from well-respected peers.
About Microsemi Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets. Products include high-performance and radiation-hardened analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and synchronization devices and precise time solutions, setting the world's standard for time; voice processing devices; RF solutions; discrete components; security technologies and scalable anti-tamper products; Ethernet solutions; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, Calif, and has approximately 3,600 employees globally. Learn more at www.microsemi.com.
About the University of California, Irvine: Currently celebrating its 50th anniversary, UCI is the youngest member of the prestigious Association of American Universities. The campus has produced three Nobel laureates and is known for its academic achievement, premier research, innovation and anteater mascot. Led by Chancellor Howard Gillman, UCI has more than 30,000 students and offers 192 degree programs. It's located in one of the world's safest and most economically vibrant communities and is Orange County's second-largest employer, contributing $4.8 billion annually to the local economy. For more on UCI, visit www.uci.edu.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements to Microsemi and the University of California, Irvine announcing the upcoming opening of the Microsemi Innovation Lab within the UCI Calit2 facility, and the potential effect of the foregoing on future business, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.
SOURCE Microsemi Corporation; UCI