ALISO VIEJO, Calif., Jan. 5, 2017 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it was named M2M Network Equipment Technology Company of the Year by the inaugural IoT Breakthrough Awards. The mission of the awards program is to honor excellence and recognize the creativity, hard work and success of Internet of Things (IoT) companies, technologies and products.
Microsemi was recognized for developing innovative products and solutions which enable both wired and wireless connectivity among devices in machine-to-machine (M2M) environments and enhance the ability of original equipment manufacturers (OEMs) to develop leading-edge solutions in emerging IoT markets. The company's Ethernet and Power-over-Ethernet (PoE) products enable faster market adaptation of new IoT applications, and its systems product portfolio provides unique solutions to M2M network challenges while offering cost-efficient and simple upgrade procedures.
"Microsemi is honored to be recognized by the IoT Breakthrough Awards as the first M2M Network Equipment Technology Company of the Year recipient," said Roger Holliday, senior vice president and general manager at Microsemi. "Our team prides itself on our ability to tackle the most difficult challenges facing those in the IoT market as the industry addresses growing demand for reliable, efficient, scalable and cost-effective infrastructure."
The IoT Breakthrough Awards program, which drew over 2,000 entries this year, is solely dedicated to providing recognition for the best products, people, services, technologies and companies focused on the IoT. All entries were judged by an independent panel of experts representing a range of mid to senior level experienced professionals, with hands-on experience in IoT product management and development, engineering, sales and marketing and more.
"Microsemi is a leading developer of technology that provides significant power to the infrastructure of industrial IoT," said James Johnson, managing director at IoT Breakthrough. "The judges were particularly impressed with the company's indoor and outdoor PoE solutions and its contribution to the highly scalable deployment of wireless LANs, mesh access points, small cells, IP cameras and microwave point-to-point links that support today's innovative M2M applications."
About Microsemi Microsemi Corporation (Nasdaq: MSCC) offers a comprehensive portfolio of semiconductor and system solutions for aerospace & defense, communications, data center 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; enterprise storage and communication solutions, 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, California, and has approximately 4,800 employees globally. Learn more at www.microsemi.com.
Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.
"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 related to it winning M2M Network Equipment Technology Company of the Year in the inaugural Internet of Things (IoT) Breakthrough Awards, and its potential effects 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 in implementing the company's acquisitions and divestitures strategy or integrating acquired companies, uncertainty as to the future profitability of acquired businesses and realization of accretion from acquisition transactions, 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.