ALISO VIEJO, Calif., Oct. 9, 2015 /PRNewswire/ -- Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced it was the 2015 recipient of the Orange County Tech Alliance's "Public Outstanding Technology Company" award, as well as its "Enterprise Hardware & Device" award for its Integrated GNSS Master (IGM): IGM-1100i. The organization's 22nd Annual High-Tech Innovation Awards celebrate excellence and achievement in the region's technology industry, honoring local companies, individuals and products that drive innovation in Orange County, California.
"We are pleased Microsemi has been honored with two of OC Tech Alliance's prestigious Innovation Awards, which validate our commitment as an industry leader providing unique solutions for the growing needs of our current and future customers," said James J. Peterson, Microsemi's chairman and CEO. "I thank our dedicated employees for the ongoing contributions that made this recognition possible, and the OC Tech Alliance for its continuing commitment to serving the specific needs of our community's technology companies."
Microsemi was recognized as the "Public Outstanding Technology Company" by OC Tech Alliance for its successful product developments, financial accountability and industry leadership. The company was also acknowledged for its culture of innovation, successful growth through a combination of organic growth and strategic acquisitions, and its focus on solving the most difficult and hot-button industry challenges. In addition, Microsemi was recognized for its companywide culture of giving back to the community through its philanthropic support of K-12 and higher education nonprofit organizations.
Microsemi's leading-edge GNSS master synchronization solution won an award in the "Enterprise Hardware & Device" category due to its solid revolutionary advancements in technology which demonstrate clear and real benefits for users that go far beyond evolutionary product feature enhancements. With technologies that advance today's state-of-the-art offerings, the device demonstrated a high level of innovation and benefit to users and the world.
"Outstanding innovators and companies such as Microsemi represent the finest of Orange County," said Peter Craig, CEO, Orange County Technology Alliance. "Our tech community has a bright and exciting future."
Microsemi and other winners were recognized on Oct. 8 during a gala celebration event at the Westin South Coast Plaza in Costa Mesa. Now in its 22nd year, the High-Tech Innovation Awards is the signature event recognizing the people, companies and educators driving high-tech innovation in the region.
About Microsemi's Award-winning Integrated GNSS Master Synchronization Solution In order to provide accurate timing for indoor small cells, an outdoor Global Navigation Satellite System (GNSS) antenna is required, which is very expensive and requires complicated antenna installation even for a relatively few number of small cells. Microsemi's new ground-breaking indoor wall and ceiling mounted IEEE-1588 Integrated GNSS Master with integrated GNSS receiver and antenna eliminates the need for an outdoor antenna and all the related cabling. This significantly decreases the effective cost of the solution while providing all the performance requirements of a 1588 GrandMaster. The innovative design complements Microsemi leadership position as a leading source of timing and synchronization solutions. For more information, visit http://www.microsemi.com/products/timing-synchronization-systems/time-frequency-distribution/integrated-gnss-masters#overview.
About Orange County Technology Alliance Orange County Technology Alliance is a 501(c)(6) nonprofit trade association committed to fast-forwarding the local innovation economy. It is the successor organization to the Orange County Council of TechAmerica and AeA. It is the only technology association addressing the needs of small-to-midsize technology companies and their leaders based in Orange County, Calif. The alliance serves members through local networking, professional development, state and federal advocacy, savings on business services and industry recognition. To learn more about membership, contact OC Tech Alliance at [email protected] or www.octechalliance.com. Follow alliance activities on Twitter at www.twitter.com/octechalliance.
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.
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 to Microsemi announcing it was the 2015 recipient of the Orange County Tech Alliance's "Public Outstanding Technology Company" award, as well as its "Enterprise Hardware & Device" award for its Integrated GNSS Master (IGM): IGM-1100i, 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.