SHELTON, CT -- (Marketwire) -- 09/27/12 -- TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions in the rapidly growing consumer electronics and telecommunications markets, today announced that the Company has begun shipping production volumes of its HDplay(TM) transceiver for a new High Definition (HD) projector developed by a top tier manufacturer in Asia. HDplay solutions have also been selected by this customer for additional projector models which are expected to begin production over the next two quarters.
The overall projector market continues to expand, driven by advancements in performance such as high definition video and by new applications such as pico-projectors which are expected to find continued adoption in devices such as smartphones and tablets over the next few years. Annual global shipments of projectors are expected to reach 39 million units in 2015, representing an estimated compounded annual growth rate of 35% over a five-year period according to a report by Pacific Media Associates.
"The production shipment of HDplay products for this leading customer represents a key milestone in the ramp of our new video connectivity business," said Dr. Ali Khatibzadeh, president and CEO of TranSwitch. "We are engaged in design activities with many customers across a range of consumer end products and our opportunity funnel continues to grow. As a result, we anticipate increasing traction for HDplay products leading to additional design wins in the fourth quarter and setting the stage for continued growth in 2013."
TranSwitch's HDplay transceivers are the industry's only solutions that combine both HDMI(R) and DisplayPort(TM) on a single integrated circuit enabling manufacturers to reduce design cost and complexity, while speeding time-to-market. HDplay transceivers also incorporate TranSwitch's patented AnyCable(TM) technology, which enables the use of long HDMI cables with less shielding. This level of integration and performance provides the end-user with support for high performance HD standards, as well as greater flexibility when selecting multimedia devices, peripherals, and cables.
TranSwitch's HDplay Transceiver IC Key Features: -- Industry-leading integration to reduce space and simplify designs -- Four HDP(TM) v1.4a Rx ports, supporting HDMI & DisplayPort Dual Mode -- One HDMI v1.4a Tx port -- Full Ethernet Audio Return Channel (HEAC) -- Embedded EDID RAM -- Programmable RJ-45 10/100 Ethernet port -- SmartCEC(TM) using specialized MCU -- Outstanding performance to provide crystal clear video and audio -- HDMI v1.4a Rx with link speed up to 3.0 Gbps -- Full 3D video 60Hz and 4Kx2K resolutions -- Phaswitch(TM) to provide fast port switching -- AnyCable(TM) to support long and less expensive cables -- Eight channel I2S & SPDIF audio support About TranSwitch Corporation TranSwitch Corporation (NASDAQ: TXCC) designs, develops and supplies innovative integrated circuit (IC) and intellectual property (IP) solutions that provide core functionality for voice, data and video communications equipment for network, enterprise and customer premises applications. We provide integrated multi-core network processor System-on-a-Chip (SoC) solutions and software solutions for Fixed, 3G and 4G Mobile, VoIP and Multimedia Infrastructures. For the customer-premises market, we offer interoperable connectivity solutions that provide a bridge between HDMI and DisplayPort and enable the distribution and presentation of high-definition (HD) content for consumer electronic and personal computer markets and also provide a family of communications processors that provide best-in-class performance for a range of applications. Overall, we have over 100 active customers, including the leading global telecom equipment providers, semiconductor and consumer product companies. For more information, please visit www.transwitch.com or follow us at Facebook or Twitter.
Safe Harbor Statement This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to certain risks, uncertainties and assumptions. These risks and uncertainties, which are more fully described in TranSwitch's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include changes in market conditions in the industries in which the Company operate and risks in product development and market acceptance of and demand for TranSwitch's products and products developed by TranSwitch's customers. Should one or more of these risks or uncertainties materialize, or should the assumption prove incorrect, actual results may vary in material aspects from those currently anticipated.
Media Relations Brian Ribeiro Mspire Group Tel: +1 908.369.9300 X100 firstname.lastname@example.org Investor Relations Mary Lombardo TranSwitch Corp. Tel: +1 203.929.8810 X2254 email@example.com