Paratek Acquires BST Technology Group From Gennum Corporation

NASHUA, N.H.--()--Paratek announced today that the company has completed a transaction involving the purchase by Paratek of Gennum’s barium strontium titanate (BST) technology group and its associated assets. Paratek has developed a proprietary form of BST, ParaScan™, as the leading RF tuning component technology for mobile handsets.

The transaction augments an agreement with STMicroelectronics announced in January, 2009. That relationship advances the next generation of Paratek’s ParaScan materials technology for high-volume manufacturing and establishes a program to jointly develop tunable products that improve Total Radiated Power (TRP) for mobile phones, leading to longer battery life and fewer dropped calls for mobile handsets. Initial production of the RF-tuning components will take place at STMicroelectronics’ fabrication facility in Tours, France by the end of 2009.

As a result of this transaction Paratek has acquired all of Gennum’s assets of their BST technology including equipment and intellectual property. Four employees of Gennum will join Paratek as part of the sale transaction.

"Gennum has been a supplier to Paratek for several years and an important contributor to the technological development and advancement of BST. With Gennum deciding to focus its investments on its core portfolio, we were provided the opportunity to acquire the BST technology group and assets and augment our own ParaScan efforts to continue the commercialization of ParaScan technology,” said James DiLorenzo, CEO of Paratek Microwave. “By combining Gennum’s BST expertise and existing patent portfolio with our own applications, materials and systems expertise, we believe this acquisition further strengthens our position to bring ParaScan-based solutions to market and capitalize on the significant opportunities it presents for multi-band, multi-mode mobile handsets.”

”Having worked with Paratek on BST technology and product development over the last several years, it was a natural choice for Paratek to acquire our BST group and its associated assets and continue the commercialization of this technology,” said Franz Fink, President and CEO, of Gennum. “As they continue to work with leading customers to integrate into next-generation mobile applications, our shareholders will be able to benefit from the success of BST.”

About ParaScan Technology

Manufactured on silicon or ceramic wafers, thin-film ParaScan capacitors offer high capacitance density, excellent high frequency performance, and exceptional tunability. This enables an unprecedented level of miniaturization, flexibility and performance, and as important, enables extremely low power consumption in mobile handsets.

About Paratek

Paratek Microwave, Inc. designs and manufactures adaptive RF front-end component solutions for mobile wireless applications requiring multi-mode and multi-band operation. The Company is privately held and headquartered in Nashua, NH, with additional offices in Crystal Lake, IL.

About Gennum

Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores for the world’s most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company’s proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. A recognized award-winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Germany, India, Japan, Korea, Mexico, Taiwan, the United States and the United Kingdom. www.gennum.com

Paratek and ParaScan are trademarks of Paratek Microwave, Inc. All other product or service names are the property of their respective owners.

Contacts

Paratek Microwave, Inc.
Karen Jackson, 603-598-8880 x251
kjackson@paratek.com

Sharing

Contacts

Paratek Microwave, Inc.
Karen Jackson, 603-598-8880 x251
kjackson@paratek.com