|Acquisition of Cognovo gives u-blox own 4G chip technology||E-mail page|
ARM spin-off Cognovo enables u-blox to address new markets for high-speed LTE modems
Thalwil, Switzerland â€“ June 28, 2012 â€“ u-blox (SIX:UBXN), a global leader in positioning and wireless semiconductors, announces the acquisition of UK-based Cognovo Ltd., a company specializing in â€śSoftware Defined Modemâ€ť (SDM) chip development technology.
The acquisition extends u-bloxâ€™ chip design capabilities to create differentiated products for strategic markets that require 4G communications combined with global positioning.
â€śThis is a very exciting acquisition for u-blox as it positions us as an agile and cost-effective supplier of high-speed wireless modem products based on our own chip IP. This allows us to meet market demand for connected systems that require positioning, connectivity and application specific functionality on a single integrated circuit,â€ť said Thomas Seiler, u-blox CEO. â€śThis new foundation broadens our serviceable market, and will increase our margins in the automotive, consumer and industrial sectors. Our first 4G product is planned for 2013.â€ť
Cognovoâ€™s â€śSoftware Defined Modemâ€ť (SDM) technology and development tools quickly translate complex radio modem designs into fully characterized low-power semiconductor chips. The combination of technologies from Cognovo and the recently acquired 4M Wireless will result in a new wireless modem platform based on IP owned by u-blox.
â€śWe are very pleased to deploy our SDM technology within u-bloxâ€ť, said Dr. Gordon Aspin, Cognovo CEO. â€śWith over 300 man-years of R&D invested in our SDM technology, this acquisition brings together the industryâ€™s most advanced software modem development platform with some of the best IC design and GNSS engineers in the world. This will be an unbeatable team.â€ť
Key terms of the transaction include:
Conference call: u-blox will conduct a conference call with financial analysts and media to discuss this news today, June 28, at 8:00 am, CET. Register here
A supplementary slide presentation is available here.
u-blox is a leading fabless semiconductor provider of embedded positioning and wireless communication solutions for the consumer, industrial and automotive markets. Our solutions enable people, devices, vehicles and machines to locate their exact position and wirelessly communicate via voice, text or video. With a broad portfolio of GPS modules, chips, and software solutions together with wireless modules and solutions, u-blox is uniquely positioned to enable OEMs to develop innovative solutions quickly and cost-effectively. Headquartered in Switzerland and with global presence in Europe, Asia and the Americas, u-blox employs over 200 people. Founded in 1997, u-blox is listed on the SIX Swiss Exchange.
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This press release is published in German and English. Should the German translation differ from the English original, the English version is binding.